59073 Overseas Hwy

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59073 Overseas Hwy

Marathon, FL 33050
Asking Price
$2.00M
Asset Type
Marina Mixed-use
Class
Class B

What's Special

A Premier Waterfront Asset <ul><li>​Marina services include 110 Indoor & Outdoor Dry Rack Storage spaces, 33 Wet Slips and 78 Trailer Storage spaces.</li><li>​Tiki Hut sits on the Point overlooking the Gulf of Mexico</li><li>​Rental income from Convenience store.</li><li>​First stop as vehicles come into the north end of Marathon on Overseas Hwy (US1)</li><li>​Grassy Key Marina received the 2022, 2023 and 2024 Boater’s Choice award and recently recieved the 2023 and 2024 Marinas.com Elite Fleet Boaters Choice Award!</li><

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NOI
$80,000
Cap Rate
4.00%
DSCR
0.67
Underwater
Cash-on-Cash
-6.46%
Monthly Payment
$9,894.909
Annual Cash Flow
$-38,738.905

Location & Travel Times