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

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

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