3574 Overseas Highway 1-9, Marathon, FL 33050
$2,350,000
Property Type:
Commercial
Baths:
0.4
Lot Size (sq. ft.):
39,894
Status:
Closed
Current Price:
$2,350,000
List Date:
11/28/2018
Last Modified:
9/09/2024
Description
Tremendous Opportunity to Purchase Real Estate and totally renovated Building with profitable Rest., Bar and Liquor store businesses. Great visibility on Overseas Hwy with Billboard.
Current owners completely renovated the property in 2016 & 2017. Sale includes all newly purchased Furniture, Fixtures & Restaurant & Liquor store Equipment & coolers, plus valuable 5 COP unrestricted Liquor License & approx. $100,000 in Inventory. Also, 2 Transient Lic. and 2 Rogo Units. Licensed for 157 Seats with Indoor & Outdoor Bar & seating. Businesses have not been optimized or stabilized. Room to substantially grow.
More Information MLS# 582980
Contract Information
Listing Board: Key West Association
Limited Representation: No
Potential Short Sale: No
Bank Owned: No
Current Price: $2,350,000
Listing Date: 2018-11-28
Sold Price: $2,350,000
Location, Tax & Legal
Unit #: 1-9
City: MARATHON
Off Shore Island: No
Mile Marker: 49
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 LT 8 AND LTS 9 AND 10 AND ADJ PORTION OF OLD STATE RD 4A MARATHON BEACH SUB PB2-16 G58-240/41 OR186-336/39 OR464-17
Taxes: 15843
Tax Year: 2017
Street #: 3574
Street Name: Overseas
Street Suffix: Highway
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
Subdivision: Marathon Beach (49.0)
County: Monroe
Area: 13 - 7 Mile Bridge to Sombrero Bch Rd E & W
General Property Description
Realtor.COM Type: Commercial
Waterfront: No
Control Depth: 0
Lot Size: Irregular .92 Acres
Lot SqFt: 39894
Business Name: Overseas Wine Spirit
Total Units: 1
Year Established: 1936-12-31
# Parking Spaces: 30+
Off Street Parking: Yes
# Stories: 2
SqFt Source: Tax Records
Total # Buildings: 1
Building SqFt: 8413
Style: Commercial
Year Built: 1953
Half Baths: 4
Total Baths: 0.4
Remarks & Misc
Remarks – Consumer: Tremendous Opportunity to Purchase Real Estate and totally renovated Building with profitable Rest., Bar and Liquor store businesses. Great visibility on Overseas Hwy with Billboard.
Current owners completely renovated the property in 2016 & 2017. Sale includes all newly purchased Furniture, Fixtures & Restaurant & Liquor store Equipment & coolers, plus valuable 5 COP unrestricted Liquor License & approx. $100,000 in Inventory. Also, 2 Transient Lic. and 2 Rogo Units. Licensed for 157 Seats with Indoor & Outdoor Bar & seating. Businesses have not been optimized or stabilized. Room to substantially grow.
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Type
Restaurant: 1
Retail: 1
Fee Includes
None: 1
Dockage
None: 1
Appliances
Dishwasher: 1
Range: 1
Refrigerator: 1
Waterfront
None: 1
Waterview
No Waterview: 1
Construction
CBS: 1
Land Size
1/2 - Less Than 1 AC: 1
Utilities
Buyer to Verify: 1
Municipal Sewer: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Sold Date: 2019-05-22
Sold Price: $2,350,000
Status: Closed
Property Features
Type: Restaurant; Retail
Waterfront: None
Waterview: No Waterview
Dockage: None
Utilities: Buyer to Verify; Municipal Sewer
Appliances: Dishwasher; Range; Refrigerator
Construction: CBS
Land Size: 1/2 - Less Than 1 AC
Fee Includes: None
Listing Office:
RE/MAX Keys Connection (KW)
Last Updated: September - 09 - 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.