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3574 Overseas Highway

Marathon, FL 33050
  • $3,950,000
  • STATUS: Active
  • ON SITE: 108 Days
  • MLS #: 611933
UPDATED: 88 min ago
$3,950,000
  • 4
    BEDS
  • 0.78
    ACRES
  • 2
    BATHS
  • 3
    1/2 BATHS
  • 10,294
    SQFT
  • $384
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1953
County:

School Ratings & Info

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.

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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 Gamal Riquelme | Sunshine Brokers are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.homesalesfloridakeys.com/homes/157057119
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3574 Overseas Highway Marathon, FL 33050

  • Price: $3,950,000
  • Status: Active
  • On Site: 108 Days
  • Updated: 88 min ago
  • MLS #: 611933
4
Beds
2
Baths
3
½ Baths
0.78
Acres
10,294
SQFT
$384
$/SQFT
1953
Built
Neighborhood:
Marathon Beach (49.0)
County:
Monroe
Area:
13 - 7 Mile Bridge To Sombrero Bch Rd E & W
Property 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.
Exterior Features

Construction CBS Dockage None Land Size 1/2 - Less Than 1 AC Lot Size Irregular Miscellaneous Security SystemOther MiscellaneousHigh VisibilityHigh Traffc LocationPatio Off Street Parking Yes Parking Spaces 35+ Side Bay/Gulf Style Commercial Vehicle Storage Guest ParkingOff Street Parking Waterfront None Waterfront YN No Waterview No Waterview

Interior Features

Appliances RefrigeratorDishwasherRange Appliances Other YES Cooling Heating Central Air Net Leasable Area 7706.00

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 RestaurantBarOther Services Control Depth 0 Deed Restrictions Unknown Electric Three Phase Fee Includes None Fema List No Flood Zone AE Legal See Lengthy Legal Description in Documents Section License Info 5-Cop (Transferable) Listing Board Marathon/Lower Keys Mile Marker 49.00 Off Shore Island No Potential Short Sale No Potential Short Sale Financial Status No Property Rights Transient LicenseMulti-Use/CommercialTransfer Bldg RightsBeverage License Property Type Commercial Sq Ft Source Property Data Card Tax Year 2023 Taxes 24141.27 Title Negotiable Total Units 0.00 Utilities FKAABuyer to VerifyMunicipal Sewer Zoning MU - Mixed Use Commercial Mixed Use

Listing courtesy of Joshua Mothner of Coldwell Banker Schmitt Real Estate Co.: (305) 743-5181.


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 Gamal Riquelme | Sunshine Brokers are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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