3574 Overseas HwyMarathon, FL 33050

Property Details for 3574 Overseas Hwy

Year built

1953

Property type

Retail properties

Property subtype

Restaurants

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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