81 Coco Plum DrMarathon, FL 33050

Property Details for 81 Coco Plum Dr

Year built

1981

Lot size

0.92 AC

Property size (Sq ft)

2,055 SF

Property type

Industrial properties

Property subtype

Industrial live-work properties

APN

00100240-000100

APU

100240000100

Description

This exceptional Marathon, Florida property, listed at $3,800,000, offers a unique blend of commercial and residential opportunities. Currently operating as a successful electric company's base, the property includes a home (requiring modernization), multiple work sheds, ample parking for work vehicles and trailers, and extensive waterfront assets. These assets include a private boat ramp, at least five wet slips with fully refurbished docks (including one lift slip), and a Tiki hut covering another private lift slip. The property boasts substantial dockage in front of the home, with additional docks available. PVC sheet piling protects the northern bank. The approximately 5,000 annual property taxes reflect the value and location. The bottomlands are owned outright, eliminating submerged land lease concerns. The seller represents the property as environmentally tested and clean. This versatile property presents a rare chance to acquire a thriving business with significant residential and recreational potential in the desirable Florida Keys. The property's diverse uses and prime waterfront location make it an exceptional investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,880,073

  6.5%

  $1,735,452

  7%

  $1,611,491

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,060,701

  Geo Method

  $1,060,701

• Alternative Use

  Use

  Valuation

  Residential

  $1,735,452

  Hospitality

  $1,589,665

  Educational

  $1,322,583

  Medical

  $1,368,068

  Retail

  $2,057,351

Location Insight

City

Marathon

County

Monroe

State

Florida

Latitude

24.7276

Longitude

-81.0138

CBSA code

28580

CBSA name

KEY WEST-MARATHON, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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