Active

3574 Overseas Highway

Marathon FL, 33050

$4,250,000


$551.52 per sqft

Active

4 Beds

5 Baths

7,706 sqft

Commercial

Built in 1953

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.

611933

MLS ID

October 23, 2024

Listed

November 12, 2024

Updated

Map

3574 Overseas Highway
Marathon FL, 33050

Interior Features

Total Stories

2


Bedrooms

4


Total Bathrooms

5


Full Bathrooms

2


Half Bathrooms

3


Appliances

Refrigerator, Dishwasher, Range


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

No

Exterior/Building Features

Lot Size

0.78 Acres


Lot Features

1/2 - Less Than 1 AC

School Information

School District

Overseas Pub & Grill

Other Property Details

Area Name

13 - 7 Mile Bridge to Sombrero Bch Rd E & W


Taxes

$24,141


Tax Frequency

Annually


Days on Market

24


Association Amenities

None


Garage

No


Parking

Guest Parking, Off Street Parking


Parking Total

35


View

Yes


View Description

No Waterview


County

Monroe


Pool

No


Zoning

MU - Mixed Use Commercial Mixed Use

Listing History

Date

Event

Price

11/12/2024

Price change

$4,250,000

-6%

Listed by Joshua James Mothner with Coldwell Banker Schmitt Real Estate Co.
Listing Contact:  

The IDX display contains information sourced from the Florida Keys Board of REALTORS® as of 11/12/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2024 Florida Keys Board of REALTORS® all rights reserved.

Data last updated on 11/12/2024 at 6:21 PM UTC

 

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