295 51St Street GulfMarathon, FL 33050

This exceptional six-unit multi-family property in Marathon, Florida, presents a lucrative investment opportunity. Located at 295 51st Street Gulf, this mixed-use commercial property boasts 12,666 square feet on a 12,666 square foot lot and features three buildings arranged around a tranquil courtyard with a pool, tiki bar, and grill. The property includes five efficiency units and one two-bedroom, two-bathroom unit, each meticulously remodeled with tile floors, impact windows, updated AC systems, modern appliances, custom cabinets, and quartz countertops. Ample off-street parking accommodates over eight vehicles. Built in 1953, the single-story buildings are zoned MU-Mixed Use Commercial, offering six transferable building rights (TBRs). The asking price is $2,200,000, translating to $173.69 per square foot and $366,666.67 per unit. The net rentable square footage is 2,614 square feet. This property's versatility allows for various uses, including short-term rentals, long-term leases, or commercial ventures. Convenient access from both 51st and 50th Streets enhances its appeal. Proof of funds or bank pre-approval is required.