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Listed by Joshua James Mothner • Coldwell Banker Schmitt Real Estate Co.
$4,250,000
Est. payment /mo
4 BD
5 BA
300 SqFt
Active
3574 Overseas HWY Marathon, FL 33050
In-PersonVirtual Tour
UPDATED:
11/12/2024 04:53 PM
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 300 sqft
Price per Sqft $14,166
Subdivision Marathon Beach (49.0)
MLS Listing ID 611933
Bedrooms 4
Full Baths 2
Half Baths 3
Year Built 1953
Annual Tax Amount $24,141
Tax Year 2023
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.
Location
State FL
County Monroe
Area 13 - 7 Mile Bridge To Sombrero Bch Rd E & W
Zoning MU - Mixed Use Commercial Mixed Use
Interior
Heating Central Air
Cooling Central Air
Exterior
Utilities Available FKAA, Buyer to Verify, Municipal Sewer
Waterfront Description No
Building
Story 2.0
Others
Miscellaneous Security System,Other Miscellaneous,High Visibility,High Traffc Location,Patio
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