Search for Property

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

Overview

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.

Listing Details MLS# 582980

Location, Tax & Legal

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
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

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
39894
Waterfront
No
Business Name
Overseas Wine Spirit
Year Established
1936-12-31
# Parking Spaces
30+
Off Street Parking
Yes
# Stories
2
Total # Buildings
Yes
Building SqFt
8413
SqFt Source
Tax Records
Total Units
Yes
Year Built
1953
Half Baths
4
Total Baths
0.4
Control Depth
0

Status Change Info

Sold Date
2019-05-22

Association Info

Mandatory Home Owners Asc
No
1st Right of Refusal
No

Financial Status

Bank Owned
No
Potential Short Sale
No

More Information

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.

Type

Restaurant
Yes
Retail
Yes

Fee Includes

None
Yes

Dockage

None
Yes

Appliances

Dishwasher
Yes
Range
Yes
Refrigerator
Yes

Waterfront

None
Yes

Waterview

No Waterview
Yes

Construction

CBS
Yes

Land Size

1/2 - Less Than 1 AC
Yes

Utilities

Buyer to Verify
Yes
Municipal Sewer
Yes

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.