$4,500,000
( $15000.00Per Sq Foot )
 $24,157 est/mo Sourced by Back At You

3574 Overseas Highway , MARATHON, FL 33050

MARATHON, FL 33050

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Description

Rare chance to acquire an iconic restaurant, bar, and retail opportunity, with a uniquely versatile 5 COP unrestricted Liquor License. The sale includes real estate, renovated building, and a spacious 4+ -bedroom, 2-bathroom apartment on the second floor currently listed on Airbnb. The property boasts a large indoor bar and dining area with air conditioning, as well as an outdoor bar with a stage for live performances. Situated on the highly visible Overseas Highway, it offers over 340 feet of highway frontage, a prominent billboard for southbound traffic, and a historic neon sign visible to northbound travelers. There is plenty of parking for both employees and customers, and the property underwent major renovations between 2016 and 2017, with additional upgrades made recently. Included in the sale are all furnishings, fixtures, restaurant and liquor store equipment, coolers, and a unique 5 COP unrestricted liquor license, and inventory. The property also includes a transferable city of Marathon Market Rate TBR (Transferable Building Right.) and is licensed for 157 seats, covering both indoor and outdoor areas. Despite its established reputation for cold drinks, great food, a pub atmosphere, arcade games, and live music, there is still room for significant growth with hands-on ownership. This property offers a solid foundation and excellent potential for further expansion and success. The Overseas Pub& Grill has played a significant role in Marathon for over 70 years. Most recently the establishment has become the center of a robust philanthropic effort, spearheaded by key personnel, raising considerable funds for those needing help, both near and far.

Details

MLS#611933
Listing TypeFor Sale
Building NameOverseas Pub & Grill
Sub-TypeResale
StatusActive
Year1953
Days On Site19
Listing Provided ByColdwell Banker Schmitt Real Estate Co. | Joshua James Mothner

Features

Bed(s)4
Bath(s) 5 Total
SQ Feet300
Story(s)2
Building(s)1
ZoningMU - Mixed Use
Acreage0.78
Property ViewNo Waterview

Market Activity 33050

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Florida Keys Board of Realtors.

The data relating to real estate for sale on this web site come s in part from the Internet Data Exchange program of the Marathon and Lower Keys Association of REALTORS®, Inc. MLS. Real Estate listings held by brokerage firms other than Coldwell Banker Schmitt are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office.

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Learn More About This Property

StateFL
CountyMonroe
CityMARATHON
Zip Code33050
Area13 7 Mile Bridge to Sombrero Bch Rd E & W
Community NameMarathon Beach (49.0)
Listing VS Median (in Marathon Beach (49.0))
Price:
$4,500,000
low | high
Med:
$3,649,000
68.911111111111% of Average
SqFt:
300
low | high
Med:
1,346
100% of Average
$ / SqFt:
$15,000
low | high
Med:
$8,085
96.100891861761% of Average
On Site:
19
low | high
Med:
64.000000
29.6875% of Average
Sourced by Back At You
Listing Updated: October 24, 2024 at 6:55:45 AM PDT