3574 Overseas Highway, MARATHON, FL

$3,950,000

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4

Beds

5

Baths

7,706

Square feet

About 3574 Overseas Highway

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.

Features of 3574 Overseas Highway

MLS® # 611933
Price $3,950,000
Bedrooms 4
Bathrooms 5.00
Full Baths 2
Half Baths 3
Square Footage 7,706
Year Built 1953
Type Commercial
Sub-Type Commercial
Status Active

Community Information

Address 3574 Overseas Highway
Area 13 - 7 Mile Bridge to Sombrero Bch Rd E & W
Subdivision Marathon Beach (49.0)
City MARATHON
County Monroe
State FL
Zip Code 33050

Amenities

Utilities FKAA, Buyer to Verify, Municipal Sewer
Parking Guest Parking, Off Street Parking
View No Waterview
Is Waterfront No
Waterfront None

Interior

Appliances Refrigerator, Dishwasher, Range
Heating Central Air
# of Stories 2

Exterior

Lot Description 1/2 - Less Than 1 AC
Construction CBS

Additional Information

Date Listed October 23rd, 2024
Days on Market 46
Zoning MU - Mixed Use Commercial Mixed Use
Short Sale No
RE / Bank Owned No

Listing Details

AgentJoshua James Mothner
OfficeColdwell Banker Schmitt Real Estate Co.

Listing Map

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