3574 Overseas Highway , MARATHON, FL 33050
MARATHON, FL 33050
Description
Rare chance to acquire an iconic restaurant, bar, and retail opportunity, with a uniquely versatile 5 COP unrestricted Liquor License. The sale includes real estate, renovated building, and a spacious 4+ -bedroom, 2-bathroom apartment on the second floor currently listed on Airbnb. The property boasts a large indoor bar and dining area with air conditioning, as well as an outdoor bar with a stage for live performances. Situated on the highly visible Overseas Highway, it offers over 340 feet of highway frontage, a prominent billboard for southbound traffic, and a historic neon sign visible to northbound travelers. There is plenty of parking for both employees and customers, and the property underwent major renovations between 2016 and 2017, with additional upgrades made recently. Included in the sale are all furnishings, fixtures, restaurant and liquor store equipment, coolers, and a unique 5 COP unrestricted liquor license, and inventory. The property also includes a transferable city of Marathon Market Rate TBR (Transferable Building Right.) and is licensed for 157 seats, covering both indoor and outdoor areas. Despite its established reputation for cold drinks, great food, a pub atmosphere, arcade games, and live music, there is still room for significant growth with hands-on ownership. This property offers a solid foundation and excellent potential for further expansion and success. The Overseas Pub& Grill has played a significant role in Marathon for over 70 years. Most recently the establishment has become the center of a robust philanthropic effort, spearheaded by key personnel, raising considerable funds for those needing help, both near and far.
Details
| MLS# | 611933 |
|---|---|
| Listing Type | For Sale |
| Building Name | Overseas Pub & Grill |
| Sub-Type | Resale |
| Status | Active |
| Year | 1953 |
| Days On Site | 85 |
| Listing Provided By | Coldwell Banker Schmitt Real Estate Co. | Joshua James Mothner |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 5 Total |
| SQ Feet | 7,706 |
| Story(s) | 2 |
| Building(s) | 1 |
| Zoning | MU - Mixed Use Commercial Mixed |
| Acreage | 0.78 |
| Property View | No Waterview |
Market Activity 33050
The data relating to real estate for sale on this web site come s in part from the Internet Data Exchange program of the Marathon and Lower Keys Association of REALTORS®, Inc. MLS. Real Estate listings held by brokerage firms other than Key Colony Beach Realty, Inc. are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office.
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Learn More About This Property
| State | FL |
|---|---|
| County | Monroe |
| City | MARATHON |
| Zip Code | 33050 |
| Area | 13 7 Mile Bridge to Sombrero Bch Rd E & W |
| Community Name | Marathon Beach (49.0) |
| Listing VS Median (in Marathon Beach (49.0)) | |
Price: $3,950,000 low | high Med: $3,374,000 SqFt: 7,706 low | high Med: 5,049 $ / SqFt: $513 low | high Med: $841 On Site: 85 low | high Med: 130.000000 | |