3574 Overseas Hwy - Restaurant FOR SALE


Marathon, FL 33050
$3,950,000 USD
305-942-9519
3574 Overseas Hwy, Marathon, FL for Sale
$3,950,000 USD
Restaurant - FOR SALE
1/45
null | 6.18% Cap Rate

3574 Overseas Hwy
Marathon, FL 33050


HIGHLIGHTS

  • Unique 5COP Liquor License allowing Package Sales as well
  • Transient Right allowing AirBnB Nightly Rentals in Apartment on site
  • Going Concern representing Value Added Component
  • Inconic High Visibility Property

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$384 USD /SF

CAP RATE

6.18%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Freestanding, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

MU

APN/PARCEL ID

00336920-000000

ASK ABOUT THIS PROPERTY

Joshua MothnerColdwell Banker Schmitt R.E.More Info
305-942-9519

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Joshua MothnerColdwell Banker Schmitt R.E.More Info
305-942-9519

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.