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81 Coco Plum Dr
Marathon, FL 33050

81 Coco Plum Drive · Specialty Property For Sale · 3,911 SF

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INVESTMENT HIGHLIGHTS

Storm-protected waterfront property on the ocean side of US1

EXECUTIVE SUMMARY

The current owners use this property as their homestead and as base for operations of their successful electric company. A handful of work vans and trailers occupy the areas to the north of the home in the parking areas and where additional space is available. Work sheds and numerous other business related assets as well as some for personal use are located around the property. A private boat ramp together with at least 5 wet slips with fully refurbished docks (including one lift slip) are also included on the property. PVC-type sheet pile has been installed along the north bank next to the sheds and appears to be in excellent condition. The home has worked well for the owners but has not been refurbished to modern status. A Tiki hut is positioned over another private lift slip which provides cover for any vessel that would be stored there. Bottoms are owned with no submerged land lease. A large dock is positioned in front of the home for alongside dockage with additional docks. Annual property taxes are about $5,000. The property is represented by its owner as environmentally tested and clean.

PROPERTY FACTS

Sale Type	Investment or Owner User	Lot Size	0.93 AC
Sale Condition	Business Value Included	Building Size	3,911 SF
Property Type	Specialty	No. Stories	1
Property Subtype	Marina	Year Built	1971
Building Class	C	Parking Ratio	6.39/1,000 SF

Sale Type	Investment or Owner User
Sale Condition	Business Value Included
Property Type	Specialty
Property Subtype	Marina
Building Class	C
Lot Size	0.93 AC
Building Size	3,911 SF
No. Stories	1
Year Built	1971
Parking Ratio	6.39/1,000 SF

AMENITIES

Waterfront

ABOUT 81 COCO PLUM DR , MARATHON, FL 33050

Marathon is an island located in the heart of the Florida Keys, approximately 50 miles north of Key West and 50 miles south of Key Largo. The historic island is well known for its fishing, boating and diving. The Keys are all about the water and the best way to enjoy the water is to live on it. Storm-protected waterfront property on the ocean side of US1 is always in high demand for fishermen, boating enthusiasts and all who appreciate direct access to the open water and reefs just off shore. 81 Coco Plum enjoys all of that and more, and its unique designation as partly commercially zoned and partly residential zoned assemblage allows for its ultimate use to transition in either direction. Lying at the end of a picturesque waterway with one side being completely undeveloped provides privacy and a refreshing natural surrounding. Deep water from the inlet to the dock allows larger vessel ingress and egress from the Atlantic side in wide channels that are well marked for navigation.

PROPERTY TAXES

Parcel Number	00100240-000100	Improvements Assessment	$355,374
Land Assessment	$400,370	Total Assessment	$755,744

PROPERTY TAXES

Parcel Number

00100240-000100

Land Assessment

$400,370

Improvements Assessment

$355,374

Total Assessment

$755,744

ZONING

Zoning Code	Mu-M (Mixed-Use (MU-M) Medium District)
Mu-M (Mixed-Use (MU-M) Medium District)

Listing ID: 19061831
Date on Market: 3/31/2020
Last Updated:
Address: 81 Coco Plum Dr, Marathon, FL 33050

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