139 Seaside Avenue, Key Largo, FL 33037
$9,000,000
Property Type:
Commercial
Bedrooms:
5
Baths:
7
Square Footage:
6,740
Lot Size (sq. ft.):
103,364
Status:
Closed
Current Price:
$9,000,000
List Date:
5/05/2023
Last Modified:
9/10/2024
Listing Details MLS# 602684
Location, Tax & Legal
- Street #
- 139
- Street Name
- Seaside
- Street Suffix
- Avenue
- Key/Island
- Key Largo
- State/Province
- FL
- Zip Code
- 33037
- Subdivision
- Seaside Sub (94.5)
- County
- Monroe
- Area
- 26 - Key Largo S of MM 96.9
- City
- KEY LARGO
- Mile Marker
- 94.5
- Marathon Neighborhood
- N/A
- Side
- Ocean
- Flood Zone
- VE,VE,AE,AE,VE,AE
- Alternate Key #
- 1608505
- Add'l Parcel #1
- 00491700-000000
- Parcel #
- 00492290-000000
- Add'l Parcel #2
- 00491590-000000
- 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
Contract Information
- Listing Board
- Key West Association
- Limited Representation
- No
- Potential Short Sale
- No
- Bank Owned
- No
General Property Description
- Realtor.COM Type
- Commercial
- Style
- Commercial
- 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
- Living Apx SqFt
- 6740
- Total Units
- 6
- Year Built
- 1958
- Total Bedrooms
- 5
- Full Baths
- 5
- Half Baths
- 2
- Total Baths
- 7
Status Change Info
- Sold Date
- 2024-03-21
- Sold Comments
- Great job RE/MAX All Keys Commercial Team
License Info
- # of Transient Licns
- 4
- SRX (Non-Transferab)
- Yes
Association Info
- Mandatory Home Owners Asc
- No
- 1st Right of Refusal
- No
More Information
Property Info
- # Boat Slips
- 12
- # Kitchens
- Yes
- # Efficiencies
- 4
Dockage
- Seawall
- Concrete
- Boat Slip
- Yes
- First Come Dock
- Yes
- Other Dockage
- Yes
Vehicle Storage
- Car(s)
- 4+
- Guest Parking
- Yes
- Off Street Parking
- Yes
Auction Info
- Auction
- No
Financial Status
- Bank Owned
- No
- Potential Short Sale
- No
Remarks & Misc
- Remarks – Consumer
- 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.
- Directions
- Mile Marker 94.5 on Overseas Hwy exit Oceanside onto Ocean View Blvd to Seaside Ave.
Type
- Apartment 3 or more
- Yes
- Bar
- Yes
- Marina
- Yes
- Restaurant
- Yes
Fee Includes
- None
- Yes
Cooling
- Ceiling Fans(s)
- Yes
- Central Air
- Yes
Waterfront
- Oceanfront
- Yes
Electric
- Circuit Breakers
- Yes
- Three Phase
- Yes
Waterview
- Ocean View
- Yes
Interior Features
- Furnished
- Yes
Construction
- CBS
- Yes
- Frame
- Yes
Land Size
- 2 Less Than 5 Acres
- Yes
Terms
- No Seller Finance
- Yes
Utilities
- FKAA
- Yes
- Municipal Sewer
- Yes
- Propane
- Yes
Title
- Negotiable
- Yes
Property Rights
- Beverage License
- Yes
- Transient License
- Yes
Miscellaneous
- High Traffc Location
- Yes
- High Visibility
- Yes
- Highway Frontage
- Yes
- Open Water View
- Yes
Property Features
License Info:
SRX (Non-Transferab)
Type:
Apartment 3 or more; Bar; Marina; Restaurant
Waterfront:
Oceanfront
Waterview:
Ocean View
Dockage:
Boat Slip; First Come Dock; Other Dockage
Vehicle Storage:
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
Title:
Negotiable
Property Rights:
Beverage License; Transient License
Confidential and Non-Discloser Agreement ›
Listing Office:
RE/MAX Keys Connection (KW)
Last Updated: September - 10 - 2024
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.