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.
Details
MLS#
611933
Listing Type
For Sale
Building Name
Overseas Pub & Grill
Sub-Type
Resale
Status
Active
Year
1953
Days On Site
22
Listing Provided By
Coldwell Banker Schmitt Real Estate Co. | Joshua James Mothner
Features
Bed(s)
4
Bath(s)
5 Total
SQ Feet
300
Story(s)
2
Building(s)
1
Zoning
MU - Mixed Use
Acreage
0.78
Property View
No Waterview
Market Activity 33050
Date
Sales
Avg $ Per SqFt
Min Sale Price
Max Sale Price
Med Sale Price
Date: Oct 2024
Sales: 7
Avg $ Per SqFt: $3.01
Min Sale Price: $2,600
Max Sale Price: $730,000
Med Sale Price: $204,000
Date: Sep 2024
Sales: 8
Avg $ Per SqFt: $447.81
Min Sale Price: $3,000
Max Sale Price: $2,200,000
Med Sale Price: $367,500
Date: Aug 2024
Sales: 8
Avg $ Per SqFt: $445.04
Min Sale Price: $2,850
Max Sale Price: $1,250,000
Med Sale Price: $494,500
Date: Jul 2024
Sales: 10
Avg $ Per SqFt: $484.47
Min Sale Price: $3,100
Max Sale Price: $1,456,000
Med Sale Price: $600,000
Date: Jun 2024
Sales: 16
Avg $ Per SqFt: $802.27
Min Sale Price: $7,500
Max Sale Price: $3,615,000
Med Sale Price: $949,500
Date: May 2024
Sales: 8
Avg $ Per SqFt: $815.25
Min Sale Price: $180,000
Max Sale Price: $3,200,000
Med Sale Price: $1,143,350
Date: Apr 2024
Sales: 11
Avg $ Per SqFt: $626.18
Min Sale Price: $169,000
Max Sale Price: $2,650,000
Med Sale Price: $597,000
Date: Mar 2024
Sales: 13
Avg $ Per SqFt: $725.57
Min Sale Price: $15,000
Max Sale Price: $2,552,500
Med Sale Price: $650,000
Date: Feb 2024
Sales: 12
Avg $ Per SqFt: $765.83
Min Sale Price: $285,000
Max Sale Price: $4,615,000
Med Sale Price: $1,410,000
Date: Jan 2024
Sales: 20
Avg $ Per SqFt: $698.05
Min Sale Price: $159,000
Max Sale Price: $3,250,000
Med Sale Price: $698,750
Date: Dec 2023
Sales: 12
Avg $ Per SqFt: $815.1
Min Sale Price: $75,000
Max Sale Price: $1,550,000
Med Sale Price: $280,000
Date: Nov 2023
Sales: 6
Avg $ Per SqFt: $678.04
Min Sale Price: $385,000
Max Sale Price: $1,600,000
Med Sale Price: $709,400
Sourced by Back At You
Oct 2024
Sales:
7
Avg $ Per SqFt:
$3.01
Min Sale Price:
$2,600
Max Sale Price:
$730,000
Med Sale Price:
$204,000
Sep 2024
Sales:
8
Avg $ Per SqFt:
$447.81
Min Sale Price:
$3,000
Max Sale Price:
$2,200,000
Med Sale Price:
$367,500
Aug 2024
Sales:
8
Avg $ Per SqFt:
$445.04
Min Sale Price:
$2,850
Max Sale Price:
$1,250,000
Med Sale Price:
$494,500
Jul 2024
Sales:
10
Avg $ Per SqFt:
$484.47
Min Sale Price:
$3,100
Max Sale Price:
$1,456,000
Med Sale Price:
$600,000
Jun 2024
Sales:
16
Avg $ Per SqFt:
$802.27
Min Sale Price:
$7,500
Max Sale Price:
$3,615,000
Med Sale Price:
$949,500
May 2024
Sales:
8
Avg $ Per SqFt:
$815.25
Min Sale Price:
$180,000
Max Sale Price:
$3,200,000
Med Sale Price:
$1,143,350
Apr 2024
Sales:
11
Avg $ Per SqFt:
$626.18
Min Sale Price:
$169,000
Max Sale Price:
$2,650,000
Med Sale Price:
$597,000
Mar 2024
Sales:
13
Avg $ Per SqFt:
$725.57
Min Sale Price:
$15,000
Max Sale Price:
$2,552,500
Med Sale Price:
$650,000
Feb 2024
Sales:
12
Avg $ Per SqFt:
$765.83
Min Sale Price:
$285,000
Max Sale Price:
$4,615,000
Med Sale Price:
$1,410,000
Jan 2024
Sales:
20
Avg $ Per SqFt:
$698.05
Min Sale Price:
$159,000
Max Sale Price:
$3,250,000
Med Sale Price:
$698,750
Dec 2023
Sales:
12
Avg $ Per SqFt:
$815.1
Min Sale Price:
$75,000
Max Sale Price:
$1,550,000
Med Sale Price:
$280,000
Nov 2023
Sales:
6
Avg $ Per SqFt:
$678.04
Min Sale Price:
$385,000
Max Sale Price:
$1,600,000
Med Sale Price:
$709,400
Joshua James Mothner of Coldwell Banker Schmitt Real Estate Co. – (305) 942-9519 – josh@soldinthekeys.com
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Florida Keys Board of Realtors.
The data relating to real estate for sale on this web site come s in part from the Internet Data Exchange program of the Marathon and Lower Keys Association of REALTORS®, Inc. MLS. Real Estate listings held by brokerage firms other than Coldwell Banker Schmitt are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office.
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Joshua James Mothner of Coldwell Banker Schmitt Real Estate Co. – (305) 942-9519 – josh@soldinthekeys.com