Marathon, FL 33050 1240 Overseas Highway
$3,500,000
19 more
Presented By: Coldwell Banker Schmitt RE Co
Baths • 2
SQFT • 2,192
Home Details
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.
Presented By: Coldwell Banker Schmitt RE Co
Interior Features for 1240 Overseas Highway
Other Interior Features
FlooringConcrete, Vinyl Floor
Total Number of Units2
General for 1240 Overseas Highway
Area5940
AuctionNo
ConstructionCBS, Frame
CoolingCentral, Other
For LeaseNo
Geo AreaOther Geographic Area
Geo Lat24.708465
Geo Lon-81.112031
HeatingOther
Legal Description8 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
PossessionAt Closing
Property TypeE
RoofAluminum
SecurityBurglar Alarm
Special InfoCorporate Owned
StatusActive
Stories Count1.0
Tax Year2024
Tenant PaysElectric, Insurance, Water
Terms ConsideredConventional
TypeMixed Use
Type of BuildingMarina, Restaurant
UseIncome, Mixed, Retail
UtilitiesElectric, Municipal Water, Public Sewer
Virtual TourClick here
Year Built1976
ZoningMU
Exterior for 1240 Overseas Highway
Lot Size1.00
Property DescRestaurant Marina
WaterfrontYes
WaterfrontBasin, Bay, Navigable, Seawall
Additional Details
Price History
Joel Milian
Broker Associate
