For Sale
$3,950,000

3574 Overseas Hwy Marathon, FL 33050

Iconic Restaurant, Bar & Retail, High Visibility

Overview

Added:
Feb 3
Days on market:
82
This exceptional Marathon, Florida commercial property presents a rare investment opportunity. The 3950000 USD asking price includes the real estate, a fully renovated building, and a spacious 4+ bedroom, 2-bathroom apartment currently generating income through Airbnb rentals. The property features a large, air-conditioned indoor bar and dining area, plus an outdoor bar complete with a stage for live entertainment. Boasting over 340 feet of frontage on the highly visible Overseas Highway, the property benefits from a prominent billboard for southbound traffic and a historic neon sign attracting northbound drivers. Ample parking is available for both staff and patrons. Extensive renovations were completed between 2016 and 2017, with further upgrades implemented recently. The sale encompasses all furnishings, fixtures, restaurant and liquor store equipment, coolers, and a valuable 5 COP unrestricted liquor license, along with existing inventory. A transferable city of Marathon Market Rate TBR (Transferable Building Right) is also included. The property is licensed for 157 seats, encompassing both indoor and outdoor spaces. Established for over 70 years, this well-known establishment offers a strong foundation for continued success, with potential for significant growth under active ownership. The property's history includes a recent focus on significant philanthropic endeavors, further enhancing its community standing.

Property Details for 3574 Overseas Hwy

Property type
Commercial real estate
Year Built
1953

Location Insight

City
Marathon
County
Monroe
State
Florida
Latitude
24.71217
Longitude
-81.0918

FAQs

What type of property is this?
Commercial real estate - Iconic Restaurant, Bar & Retail, High Visibility
Where is the commercial real estate located?
The property is located at 3574 Overseas Hwy Marathon, FL.
What is the asking price?
The asking price for this property is $3,950,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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3574 Overseas Hwy
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