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3574 Overseas Highway , 1-7

Marathon, FL 33050
  • $4,800,000
  • STATUS: Active
  • ON SITE: 76 Days
  • MLS #: 606653
UPDATED: 17 min ago
$4,800,000
  • 5
    BEDS
  • 0.92
    ACRES
  • 2
    BATHS
  • 2
    1/2 BATHS
  • 7,706
    SQFT
  • $623
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1953
County:

School Ratings & Info

Description

Tremendous Opportunity to Purchase this trophy, landmark Restaurant, Bar & Liquor Store. Known in Marathon for nearly a century! Real Estate and renovated Building included. Large inside bar and dining room with AC and also outdoor bar with stage. Plus 5bd/2ba apartment on 2nd floor rented on AirBnB included. Great visibility on Overseas Hwy with over 340' of highway frontage. In addition, large Billboard facing S. bound and historic Overseas Lounge Neon sign facing N. bound traffic. Ample parking for employees and customers.Restaurant was completely renovated the property in 2016 & 2017 along with many recent improvements. Sale includes all Furniture, Fixtures & Restaurant & Liquor store Equipment & coolers, plus valuable 5 COP unrestricted Liquor License & approx. $100,000 in Inventory. Also, 1 TBR Rogo Unit. Licensed for 157 Seats with Indoor & Outdoor Bar & seating. Businesses have not been optimized or stabilized. Room to substantially grow with on-site, active ownership.Boasting the Coldest Beer in Town, Great Food, Pub, Grill, Arcade, Live Music and well stocked liquor store!

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than KeyIsle Group | eXp Realty are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.keyislegroup.com/homes/143404276
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3574 Overseas Highway , 1-7 Marathon, FL 33050

  • Price: $4,800,000
  • Status: Active
  • On Site: 76 Days
  • Updated: 17 min ago
  • MLS #: 606653
5
Beds
2
Baths
2
½ Baths
0.92
Acres
7,706
SQFT
$623
$/SQFT
1953
Built
Neighborhood:
Marathon Beach (49.0)
County:
Monroe
Area:
13 - 7 Mile Bridge To Sombrero Bch Rd E & W
Property Description
Tremendous Opportunity to Purchase this trophy, landmark Restaurant, Bar & Liquor Store. Known in Marathon for nearly a century! Real Estate and renovated Building included. Large inside bar and dining room with AC and also outdoor bar with stage. Plus 5bd/2ba apartment on 2nd floor rented on AirBnB included. Great visibility on Overseas Hwy with over 340' of highway frontage. In addition, large Billboard facing S. bound and historic Overseas Lounge Neon sign facing N. bound traffic. Ample parking for employees and customers.Restaurant was completely renovated the property in 2016 & 2017 along with many recent improvements. Sale includes all Furniture, Fixtures & Restaurant & Liquor store Equipment & coolers, plus valuable 5 COP unrestricted Liquor License & approx. $100,000 in Inventory. Also, 1 TBR Rogo Unit. Licensed for 157 Seats with Indoor & Outdoor Bar & seating. Businesses have not been optimized or stabilized. Room to substantially grow with on-site, active ownership.Boasting the Coldest Beer in Town, Great Food, Pub, Grill, Arcade, Live Music and well stocked liquor store!
Exterior Features

Construction Cbs Dockage None Land Size 1/2 - Less Than 1 Ac Lot Size Irregular .92 Acres Miscellaneous Handicap AccessHigh Traffc LocationHigh VisibilityHighway FrontageManager On PremisesSecurity System Off Street Parking Yes Parking Spaces 30+ Roof Other Roof Shutters Other Side Ocean Style Commercial Vehicle Storage Guest ParkingOff Street Parking Waterfront None Waterfront YN No Waterview No Waterview

Interior Features

Appliances DishwasherRangeRefrigerator Cooling Heating Central Air Floor Other Net Leasable Area 7706.00 Windows Doors Other Windows/Doors

Property Features

Assoc Hoa YN No Assoc Right Of Refusal No Bank Owned No Bank Owned Financial Status No Business Name Overseas Pub & Grill City Marathon Commercial Type BarRestaurantRetail Control Depth 0 Electric Three Phase Fee Includes None Flood Zone Ae Legal Bk 4 Pt Lt 4 And All Lts 8 -9-10 And Pt Lt 11 And Adj Portion Of Old State Rd 4A Marathon Beach Sub Pb2-16 G58-240/41 O License Info 5-Cop (Transferable) Listing Board Key West Association Mile Marker 49.00 Potential Short Sale No Potential Short Sale Financial Status No Property Type Commercial Sq Ft Source Property Data Card Tax Year 2022 Taxes 22712.58 Title Negotiable Total Units 0.00 Utilities Buyer To VerifyMunicipal Sewer Year Established 1936-12-31 Zoning Mu - Mixed Use Commercial Mixed Use

Listing courtesy of Curtis Skomp, Ccim of Re/Max Keys Connection (Kw): (305) 296-1400.


The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than KeyIsle Group | eXp Realty are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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KeyIsle Group | eXp Realty
22974 Overseas Highway
Cudjoe Key FL, 33043