139 Seaside Avenue

Key Largo, FL 33037 / Seaside Sub (94.5)

MLS ID# 602684 Closed
Commercial

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Closed $9,000,000

2.37 acres

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• Description
• Location, Tax & Legal
• General Property Description
• Details

Description

Once in a lifetime opportunity to purchase Snappers Key Largo Restaurant & Bar, an iconic Key Largo establishment with a 40+ yr. track record of success. There are very few direct Oceanfront Restaurant & Bars in the Upper Keys and very limited waterfront competition. Indoor & Outdoor patio seating with 12 wet boat slips overlooking the Atlantic Ocean. Restaurant is licensed for over 250 Seats. Restaurant & kitchen were totally rebuilt with all new Furniture, Fixtures & Equipment plus most of the electric & plumbing all updated in 2018. Includes 4 unique hotel rooms on 2nd floor with transient license & 2 bd house for employees. Fully approved & permitted Plans to rebuild the Turtle Club as well as Food Truck included. Turtle Club will be an elevated Oceanfront building with a new bar and seating overlooking open Atlantic Ocean. This will add tremendous growth to top and bottom line income. Overall, there are 4 large lots included with a total of 2.37 ac. of Uplands and .57 Ac of submerged baybottom that is owned, not leased. In addition, the corner lot on the highway is included with a large sign that is very visible to both N & S bound traffic. There is ample customer and employee parking which is rare and valuable. Strong financial numbers both Gross & Net. Room to substantially grow income by adding daily lunch, breakfast and rebuilding the Turtle Club. Also may be suitable for franchising opportunities as all IP is included and fully trademarked. Once in a lifetime opportunity to purchase Snappers Key Largo Restaurant & Bar, an iconic Key Largo establishment with a 40+ yr. track record of success. There are very few direct Oceanfront Restaurant & Bars in the Upper Keys and very limited wate... show more

Location, Tax & Legal

• Street # 139
• Street Name Seaside
• Street Suffix Avenue
• Key/Island Key Largo
• City KEY LARGO
• State/Province FL
• Zip Code 33037
• Subdivision Seaside Sub (94.5)
• Mile Marker 94.5
• County Monroe
• Area 26 - Key Largo S of MM 96.9
• Marathon Neighborhood N/A
• Side Ocean
• Flood Zone VE,VE,AE,AE,VE,AE
• Alternate Key # 1608505
• Add'l Parcel #1 00491700-000000
• Add'l Parcel #2 00491590-000000
• Parcel # 00492290-000000
• Zoning SC - Sub Urban Commercial District
• Legal RE-SUB SEASIDE PB2-10 KEY LARGO PT SQR 4 PB2-10 A/K/A LOTS 1 & 2 SQR 4 PB1-97 & BAY BTM ADJ TO LOTS 1 & 2 & PT GOV LOT 4
• Taxes 49588
• Tax Year 2021

General Property Description

• Realtor.COM Type Commercial
• Style Commercial
• Lot Size 2.37 ac
• Lot SqFt 103364
• Waterfront Yes
• Control Depth 5
• Business Name Snappers Key Largo
• Year Established 1960-01-01
• # Parking Spaces Ample
• Off Street Parking Ample
• # Stories 2
• Total # Buildings 3
• Building SqFt 6740
• SqFt Source Property Data Card
• Net Leasable Area 6740
• Total Units 6
• Year Built 1958
• Total Bedrooms 5
• Full Baths 5
• Half Baths 2
• Total Baths 7

Details

• License Info

  # of Transient Licns:4, SRX (Non-Transferab)

• Association Info

  No Mandatory Home Owners Asc, No 1st Right of Refusal

• Property Info

  # Boat Slips:12, # Kitchens:1, # Efficiencies:4

• Type

  Apartment 3 or more, Bar, Marina, Restaurant

• Waterfront

  Oceanfront

• Waterview

  Ocean View

• Dockage

  Boat Slip, First Come Dock, Seawall:Concrete, Other Dockage

• Vehicle Storage

  Car(s):4+, Guest Parking, Off Street Parking

• Cooling

  Ceiling Fans(s), Central Air

• Utilities

  FKAA, Municipal Sewer, Propane

• Interior Features

  Furnished

• Miscellaneous

  High Traffc Location, High Visibility, Highway Frontage, Open Water View

• Construction

  CBS, Frame

• Electric

  Circuit Breakers, Three Phase

• Land Size

  2 Less Than 5 Acres

• Fee Includes

  None

• Terms

  No Seller Finance

• Show

  48 Hour Notice, Call List Agent, LA Must Accompany

• Property Rights

  Beverage License, Transient License

• Auction Info

  No Auction

• Financial Status

  No Bank Owned, No Potential Short Sale