3574 Overseas Highway 1-9, Marathon, FL 33050 (MLS# 582980)

3574 Overseas Highway 1-9, Marathon, FL 33050

$2,350,000

Property Type: Commercial Sale 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

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

Status Change Info

Under Contract Date: 2019-05-02
Leased 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

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

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