3574 Overseas Hwy

3574 Overseas Hwy , Marathon, Florida, 33050 | 7,706 sq.f | $ 4,800,000

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About This Restaurant

Investment Highlights

Executive Summary

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!

Property Details

  • Sale Type    Investment
  • Property Type    Retail
  • Property Subtype    Restaurant
  • Building Size    7,706
  • Building Class    C
  • Year Built    1953
  • Price    4,800,000
  • Price Per SF    623
  • Tenancy    Single
  • Building Height    2 Stories
  • Building FAR    0.26
  • Land Acres    0.69 AC

Amenities

  • Restaurant

Property Taxes

Parcel Number 00336920-000000 Improvements Assessment $981,213
Land Assessment $690,703 Total Assessment $1,671,916
Date Created: 2024-07-16 04:13:33 Last Updated: 2024-07-16 04:13:33
Address: 3574 Overseas Hwy , Marathon, Florida, 33050