11711 Overseas Hwy Highway, MARATHON, Florida 33050 (MLS# 599897)
11711 Overseas Hwy Highway
MARATHON,
FL $325,000
Terrific, money making Mom & Pop business. Perfect business for new owner/operators. Same owners nearly 20 years and retiring. Well known and a local's favorite 30 seat restaurant and Fish & Meat Market. Very favorable long term lease in a visible location on Overseas Hwy. Affordable rent of $2,500 per mos. plus sales tax & utilities. Gross near $740,000 in 2021 and strong net income. Includes business name, domain & website www.floridalobster.com, menu, all furniture, fixtures and equipment & agreed upon inventory. Room to grow by opening weekends, expanding retail lines, increasing prices and new blood! 4.5 Stars on Tripadvisor and #8 of 76 places to eat in Marathon. Financials are available to qualified buyers with a Confidential and Non-Disclosure Agreement.
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Listing ID599897
Sold For$325,000$125K
StatusClosed
Sold Date8/31/2022
Total Baths2
Partial Baths2
CountyMonroe
SubdivisionLittle Venice (53.0)
Year Built1957
Property TypeCommercial
Property Sub TypeCommercial
Status
Closed
Address
11711 Overseas Hwy Highway
City
MARATHON
State
Florida
Postal Code
33050
County
Monroe
Subdivision
Little Venice (53.0)
Remarks
Terrific, money making Mom & Pop business. Perfect business for new owner/operators. Same owners nearly 20 years and retiring. Well known and a local's favorite 30 seat restaurant and Fish & Meat Market. Very favorable long term lease in a visible location on Overseas Hwy. Affordable rent of $2,500 per mos. plus sales tax & utilities. Gross near $740,000 in 2021 and strong net income. Includes business name, domain & website www.floridalobster.com, menu, all furniture, fixtures and equipment & agreed upon inventory. Room to grow by opening weekends, expanding retail lines, increasing prices and new blood! 4.5 Stars on Tripadvisor and #8 of 76 places to eat in Marathon. Financials are available to qualified buyers with a Confidential and Non-Disclosure Agreement.
Zoning
MU - Mixed Use Commercial Mixed Use
Property Type
Commercial
Property Sub Type
Commercial
Year Built
1957
Total Baths
2
Half Baths
2
Partial Baths
2
1st Right of Refusal
no
Control Depth
0
Legal
Business Leasehold Only No Real Estate Included
IDX City Name
Marathon
IDX County Name
Monroe
Latitude
24.729698
Longitude
-81.031218
Type 2
Bar,Restaurant,Retail
Utilities
Buyer to Verify
Sold Date
2022-08-31T00:00:00+00:00
Sold Price
$325,000
Listing Price
$350,000
photo Count
23
Area
16 - Sombrero Bch Rd to Vaca Cut - Oceanside
Key/Island
Marathon
Mile Marker
53
Parcel Number
00346740-000100
Street Name
Overseas Hwy Highway
Street Number
11711
Appliances: Other
YES
Bank Owned
no
Fee Includes
Other
Financial Status: Bank Owned
no
Financial Status: Potential Short Sale
no
HOA
no
Potential Short Sale
no
Tax Year
2021
Taxes
4862.65
Rent/Lease
neither
Rent/Lease Price
$350,000
Construction
Concrete
Dockage
None
Land Size
Less Than 1/4 Acre
Lot SqFt
8615
Side
right
Style
Commercial
Waterfront
yes
Waterfront Type
None
Waterview
No Waterview
Request More Information - Listing ID 599897
RE/MAX ALL KEYS REAL ESTATE
Address:
517 Duval St Suite 200Key West, FL 33040
United States
Phone: 305-296-1400
Phone Alt: 305-304-0084
KEY LARGO LOCATION:
305-451-0060 Office
Business Address:
98880 Overseas Hwy, Key Largo, FL 33037
Similar Listings
Request More Information
Request More Information - Listing ID 599897
RE/MAX ALL KEYS REAL ESTATE
Address:
517 Duval St Suite 200Key West, FL 33040
United States
Phone: 305-296-1400
Phone Alt: 305-304-0084
KEY LARGO LOCATION:
305-451-0060 Office
Business Address:
98880 Overseas Hwy, Key Largo, FL 33037
Map
11711 Overseas Hwy Highway
MARATHON, FL 33050
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