3574 Overseas HwyMarathon, FL 33050

Property Details for 3574 Overseas Hwy

Year built

1953

Property type

Retail properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Marathon

County

Monroe

State

Florida

Latitude

24.7122

Longitude

-81.0919

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