For Sale
$4,250,000

3574 Overseas Hwy Marathon, FL 33050

Iconic Florida Restaurant, Turnkey Operation

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents the Overseas Pub & Grill, a renowned Marathon, Florida establishment situated on the highly visible Overseas Highway. This fee-simple property boasts a prime location with over 340 feet of highway frontage, ensuring maximum visibility to both northbound and southbound traffic. The two-story, 1953-built building underwent major renovations in 2017, and includes a spacious, 4+ bedroom, 2-bathroom apartment currently utilized as an Airbnb rental. The restaurant itself features a large, air-conditioned indoor bar and dining area, complemented by an outdoor bar with a stage for live performances. The sale includes all furnishings, fixtures, equipment, coolers, and a valuable 5 COP unrestricted liquor license, allowing for both bar and package store sales. A significant asset is the inclusion of a transferable city of Marathon Market Rate Transferable Building Right. The property is licensed for 157 seats, encompassing both indoor and outdoor spaces. With ample parking and a prominent billboard, this turnkey operation offers immediate income potential and significant upside for a hands-on owner. The property is zoned for mixed use and offers a solid foundation for continued growth and success in a vibrant community. The sale also includes existing inventory. This is a rare chance to acquire a well-established, iconic business with a rich history in Marathon, Florida.

Highlights

  • Established Overseas Pub & Grill business for sale.
  • Four-bedroom apartment above, with transient rental rights.
  • Includes a 5-COP full liquor license for bar and package sales.
  • Transferable Market Rate Building Right included.
  • Prime location on US Highway 1 with high visibility.
  • Large signage, including a vintage rooftop sign.

Property Details for 3574 Overseas Hwy

Property type
Retail properties, Restaurants
Class
A
Year Built/Renovated
1953/2017
Buildings
1
Stories
2

Location Insight

City
Marathon
County
Monroe
State
Florida
Latitude
24.71216012
Longitude
-81.09190428

FAQs

What type of property is this?
Retail property - Iconic Florida Restaurant, Turnkey Operation
Where is the retail property located?
The property is located at 3574 Overseas Hwy Marathon, FL.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: Established Overseas Pub & Grill business for sale.; Four-bedroom apartment above, with transient rental rights.; Includes a 5-COP full liquor license for bar and package sales.
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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