3574 Overseas Highway, #1-7

Marathon, FL 33050 / Marathon Beach (49.0)

MLS ID# 606653 Active
Commercial

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$4,800,000

0.92 acres

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

Description

Tremendous Opportunity to Purchase this trophy, landmark Restaurant, Bar & Liquor Store. Known in Marathon for nearly a century! Real Estate and renovated Building included. Large inside bar and dining room with AC and also outdoor bar with stage. Plus 5bd/2ba apartment on 2nd floor rented on AirBnB included. Great visibility on Overseas Hwy with over 340' of highway frontage. In addition, large Billboard facing S. bound and historic Overseas Lounge Neon sign facing N. bound traffic. Ample parking for employees and customers. Restaurant was completely renovated the property in 2016 & 2017 along with many recent improvements. Sale includes all Furniture, Fixtures & Restaurant & Liquor store Equipment & coolers, plus valuable 5 COP unrestricted Liquor License & approx. $100,000 in Inventory. Also, 1 TBR Rogo Unit. Licensed for 157 Seats with Indoor & Outdoor Bar & seating. Businesses have not been optimized or stabilized. Room to substantially grow with on-site, active ownership. Boasting the Coldest Beer in Town, Great Food, Pub, Grill, Arcade, Live Music and well stocked liquor store! Tremendous Opportunity to Purchase this trophy, landmark Restaurant, Bar & Liquor Store. Known in Marathon for nearly a century! Real Estate and renovated Building included. Large inside bar and dining room with AC and also outdoor bar with stage... show more

Location, Tax & Legal

• Street # 3574
• Street Name Overseas
• Street Suffix Highway
• Unit # 1-7
• Key/Island Marathon
• City MARATHON
• State/Province FL
• Zip Code 33050
• Subdivision Marathon Beach (49.0)
• Mile Marker 49
• County Monroe
• Area 13 - 7 Mile Bridge to Sombrero Bch Rd E & W
• Marathon Neighborhood Old Town East (25th to Sombrero)
• Side Ocean
• Flood Zone AE
• Alternate Key # 1414581
• Add'l Parcel #1 00336860-000000
• Parcel # 00336920-000000
• Zoning MU - Mixed Use Commercial Mixed Use
• Legal BK 4 PT LT 4 AND ALL LTS 8 -9-10 AND PT LT 11 AND ADJ PORTION OF OLD STATE RD 4A MARATHON BEACH SUB PB2-16 G58-240/41 O
• Taxes 22712.58
• Tax Year 2022

General Property Description

• Realtor.COM Type Commercial
• Style Commercial
• Lot Size Irregular .92 Acres
• Lot SqFt 39894
• Waterfront No
• Control Depth 0
• Business Name Overseas Pub & Grill
• Year Established 1936-12-31
• # Parking Spaces 30+
• Off Street Parking Yes
• # Stories 2
• Total # Buildings 2
• Building SqFt 7706
• SqFt Source Property Data Card
• Net Leasable Area 7706
• Total Units 0
• Year Built 1953
• Total Bedrooms 5
• Full Baths 2
• Half Baths 2
• Total Baths 4

Details

• License Info

  5-Cop (Transferable)

• Association Info

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

• Type

  Bar, Restaurant, Retail

• Waterfront

  None

• Waterview

  No Waterview

• Dockage

  None

• Vehicle Storage

  Guest Parking, Off Street Parking

• Cooling

  Central Air

• Utilities

  Buyer to Verify, Municipal Sewer

• Appliances

  Dishwasher, Range, Refrigerator

• Miscellaneous

  Handicap Access, High Traffc Location, High Visibility, Highway Frontage, Manager on Premises, Security System

• Construction

  CBS

• Electric

  Three Phase

• Windows/Doors

  Other Windows/Doors

• Shutters

  Other

• Floor

  Other

• Roof

  Other Roof

• Land Size

  1/2 - Less Than 1 AC

• Fee Includes

  None

• Show

  48 Hour Notice, Call List Agent, LA Must Accompany

• Auction Info

  No Auction

• Financial Status

  No Bank Owned, No Potential Short Sale