$1,800,000

250 Gulf Terrace

Marathon FL, 33050

Description

Property located in ''Opportunity Zone''. Tremendous Tax Benefits and Incentives. ''Conditional Use Approval'' for 15 units. 9 Affordable and 6 Market Rate. Affordable Allocations are expected by end this year, Market Rate Allocations expected Mid 2020. Property surrounded by water with cap rock. Plat Map, Ariel, Site Plan, Development Agreement, Survey, Vegetation Survey, Opportunity Zone Map and Explanation of Tax benefits on file under ''Documents''.

Details

MLS#586597
Sub-TypeResale
StatusActive
Days On Site58

Features

ZoningMU - M - Mixed Use - Maritime
Acreage1.65
Water FrontCanal Front
Property ViewYes

Market Activity 33050

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Area Information

StateFL
CountyMonroe
CityMarathon
Zip Code33050
AreaMiddle Keys
SubareaOutside of Key West
Listing VS Median (in 33050)
Price:
$1,800,000
low | high
Med:
$477,000
100% of Average
On Site:
58
low | high
Med:
205
28.292682926829% of Average
Listing Updated: 09/17/2019
MLS Number: 586597
Listing Provided By:
Steve Smith, P.A.  of  RE MAX All Keys Real Estate (Marathon)