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1240 Overseas Highway
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PRICED AT ONLY: $3,500,000

Address: 1240 Overseas Highway, Marathon, FL 33050

Description

Multi Parcel Waterfront Offering Iconic 7 Mile GrillThis rare multi parcel package in Marathon, FL combines an iconic waterfront restaurant, residential property, development rights, and dockage. 1240 Overseas Hwy is home to the renowned 7 Mile Grill. Operating with a transferable beer and wine license, the operation serves year round breakfast, lunch and dinner. A transferable submerged land lease allows for continued use of the 129' of waterfront for boating access.The parcel carries an additional development right for a single family home and included in the sale is an additional single family home with 4 beds/1 bath (1230 Overseas Hwy).The US1 front exposure offers exceptional exposure.

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Virtual Tour
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  • MLS#: RX-11132930 ( Mixed Use )
  • Street Address: 1240 Overseas Highway
  • Viewed: 7
  • Price: $3,500,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1976
  • Bldg sqft: 0
  • Days On Market: 17
  • Additional Information
  • Geolocation: 24.7085 / -81.112
  • County: MONROE
  • City: Marathon
  • Zipcode: 33050
  • Provided by: Coldwell Banker Schmitt RE Co
  • Contact: Elizabeth Jolin
  • (305) 743-5181
  • DMCA Notice

Description

Multi Parcel Waterfront Offering Iconic 7 Mile GrillThis rare multi parcel package in Marathon, FL combines an iconic waterfront restaurant, residential property, development rights, and dockage. 1240 Overseas Hwy is home to the renowned 7 Mile Grill. Operating with a transferable beer and wine license, the operation serves year round breakfast, lunch and dinner. A transferable submerged land lease allows for continued use of the 129' of waterfront for boating access.The parcel carries an additional development right for a single family home and included in the sale is an additional single family home with 4 beds/1 bath (1230 Overseas Hwy).The US1 front exposure offers exceptional exposure.
Request More Information
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Features
Building and Construction
  • Absolute Longitude: 81.112031
  • Construction: CBS, Frame
  • Flooring: Concrete, Vinyl Floor
  • Roof: Aluminum
  • Sqft Source: Tax Rolls
  • Total Building Sqft: 2192.00
  • Type Of Building: Marina, Restaurant
Property Information
  • Property Desc: Restaurant Marina
  • Property Group Id: 19990816212135227274000000
Eco-Communities
  • Waterfront Details: Basin, Bay, Navigable, Seawall
Utilities
  • Air Conditioned: 90.00
  • Cooling: Central, Other
  • Fire Protect: Smoke Alarm, Smoke Detector, Sprinkler
  • Heating: Other
  • Num Of Stories: 1.0
  • Security: Burglar Alarm
  • Utilities: Electric, Municipal Water, Public Sewer
Finance and Tax Information
  • Tax Year: 2024
Rental Information
  • Tenant Pays: Electric, Insurance, Water
Other Features
  • Avail Docs: Occupational License
  • Avail Info: Books & Records, Deed, Equipment Inventory, Full Financials, Owner managed, Photos
  • Country: United States
  • Legal Desc: 8 66 32 HOG KEY PT GOVT LT 1 AND ADJ PT ST RD 5 OR375-561 OR459-468/70 OR517-304 OR697-669 OR755-461 OR755-958 OR766-810
  • Parcel Id: 00101720000000
  • Possession: At Closing
  • Sale Includes: Building and Land, Equipment, Inventory, License
  • Special Info: Corporate Owned
  • Use: Income, Mixed, Retail
  • Zoning: MU
Nearby Subdivisions
Casa Blanca (50.5)   Casa Manana Shores (50.5)   Coco Plum (54.6)   Coco Plum Beach (54.5)   Driftwood Estates   Driftwood Estates (54.0)   Edmonds Acre Tracts (50.5)   Fat Deer Key (53.0)   First Professional (50.0)   Fishermans Point (48.0)   Gulfside Village (50.0)   Industrial Sub (52.5)   Key Colony Sub (53.0)   Little Venice (53.0)   Marathon Beach (49.0)   Marathon Heights (50.5)   Misc Marathon East O (52.0)   Olde Towne Centre (52.5)   Palms, The (53.0)   Paraiso Estate (51.0)   Parrish Sub (48.0)   Riggs Sub (47.5)   Roosevelt Point #1 (51.0)   Sombrero Sub (49.5)   Stirrup Key Bight (52.5)   Woodburns Sub (49.5)  
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Wade M. Berlin

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