For Sale
$7,995,000

103900B Overseas HwyKey Largo, FL 33037

Iconic waterfront restaurant, turnkey operation.

Overview

Added:
Jan 24
Days on market:
71
This exceptional investment opportunity presents a fully operational, iconic restaurant and bar situated on a prime 1.15-acre waterfront lot in Key Largo, Florida. The property, located at 103900B Overseas Hwy, boasts 144 feet of highly visible frontage on Overseas Highway, ensuring maximum exposure. The 7,471 square foot restaurant, encompassing three buildings on a single story, underwent extensive renovations in 2020, resulting in a modern and inviting space. Features include interior air conditioning, a stunning glass-walled dining area, and a captivating outdoor tiki bar and dining area. The property also includes 10 boat slips and an additional 0.28 acres of bay bottom ownership. The sale includes all restaurant furniture, fixtures, and equipment, making this a truly turnkey operation. Ample parking is available, and the property is zoned MU - Mixed Use Commercial. The current occupancy is 100%, with a 6.04% cap rate and an asking price of $7,995,000. This is a rare chance to acquire a thriving, established business in a highly desirable waterfront location. The total lot size is 50,190 square feet. Don't miss this opportunity to own a piece of Key Largo's vibrant culinary scene.

Highlights

  • $7,995,000 asking price for this iconic Key Largo restaurant and bar.
  • 7,471 square feet of retail space in a multi-tenant building.
  • 6.04% cap rate with 100% occupancy.
  • Recently renovated in 2020.
  • Located on a 1.15-acre waterfront lot with 10 boat slips and 144 feet of highway frontage.
  • Features three buildings, one story each, with MU-Mixed Use Commercial zoning.

Property Details for 103900B Overseas Hwy

Property type
Retail properties, Restaurants
Square Feet
7,471 SF
Class
B
Year Renovated
2020
Buildings
3
Stories
1

Location Insight

City
Key Largo
County
Monroe
State
Florida
Latitude
25.1437958
Longitude
-80.3984256
103900B Overseas Hwy, Key Largo, Florida

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103900B Overseas Hwy
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