1. Florida
  2. Marathon
  3. 3574 Overseas Highway
$3,950,000

3574 Overseas Highway, Marathon, FL 33050

  • 4 beds |
  • 5 baths |
  • 7,706 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1953
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $513/sqft
  • Property List Date Icon Listed 7 months ago

Property 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.

Listing Status:
Active
Listing Office:
Coldwell Banker Schmitt Real Estate Co. : (305) 743-5181
Listing Agent:
Joshua James Mothner : (305) 942-9519
MLS ID:
611933
  • Disability Feature: For Sale

This listing courtesy of Joshua James Mothner, Coldwell Banker Schmitt Real Estate Co.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

S

Stanley Switlik Elementary School

3400 Overseas Hwy, Marathon, FL, 33050

Grades PK-5

0.17 miles away

M

Marathon Middle High School

350 Sombrero Beach Rd, Marathon, FL, 33050

Grades 6-12

1.03 miles away

M

Marathon Middle High School

350 Sombrero Beach Rd, Marathon, FL, 33050

Grades 6-12

1.03 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.