13 Beds
13 Baths
4,557 SqFt
13 Beds
13 Baths
4,557 SqFt
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,557 sqft
Price per Sqft $1,294
Subdivision Marathon Heights (50.5)
MLS Listing ID 621147
Bedrooms 13
Full Baths 13
HOA Y/N No
Year Built 1954
Annual Tax Amount $19,950
Tax Year 2025
Lot Size 0.560 Acres
Acres 0.56
Lot Dimensions .56 ac
Property Sub-Type Commercial
Land Area 4557
Property Description
Each room has been tastefully and tropically renovated inside and out. Each room is unique & comes fully furnished.
Most of the units have small kitchenettes including sink with microwave and refrigerator. All units have refrigerator & microwave. Additionally, there is a large Tiki Hut & Bar along with Food Truck with seating area. The Food Truck and Tiki Bar are leased for $6,375 per mos on a short term agreement. The Motel is managed by Owners . The hotel runs on auto-pilot. Online check-in available with a good housekeeping staff as back up. Most of the business is from repeat customers, plus online booking sites are all utilized.
On site is a full laundry room with Commercial grade washers/dryers and storage rooms throughout. All housekeeping is done on site. Small, friendly & efficient staff has been there long term and willing to stay on with new owners.
There are a total of 6 lots encompassing over 1/2 acre of land, total .56 Ac or 24,384 sf.
Ample off street parking for guests. Zoning is GC and land use is recognized as Hotel/Motel. Bonus of Deeded waterfront access at the end of 61st St. which has a boat ramp and staging area for all types of watercrafts and sports.
Same family ownership since 2010. Tropical Cottages was started back in the mid 1950's as a Fish camp and is one of the few remaining Mom & Pop Motels throughout the Florida Keys. Motel generates substantial Net income year after year to current owners. Sellers may consider Seller Financing may be available to a qualified buyer. Terms to be negotiated.
Location
State FL
County Monroe
Area 15 - Sombrero Bch Rd To Vaca Cut Gulfside
Zoning MU - Mixed Use Commercial Mixed Use
Direction Overseas Hwy in Marathon to 61st St. Gulfside
Interior
Interior Features Drapes/Blinds Incl, Window Treatments, Furnished, Laundry Room
Cooling Central Air
Flooring Other
Window Features Other Windows/Doors
Appliance Dryer, Washer, Refrigerator
Exterior
Parking Features Common Parking, Guest, Off Street
Utilities Available FKAA, Municipal Sewer
Waterfront Description None
Roof Type Metal Roof, Other Roof
Garage No
Building
Story 1
Level or Stories 1
Others
HOA Fee Include None
Tax ID 00338430-000000
Miscellaneous Chickee Hut, Manager on Premises, Storage, Fencing
Acceptable Financing Buyer Obtain Finance, Owner May Carry
Listing Terms Buyer Obtain Finance, Owner May Carry