Homes for sale - 1240 Overseas HWY, Marathon, FL 33050

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Dennis Lue Yat

dennis@luxeiqgroup.com +1(561) 571-1425

Listed by Coldwell Banker Schmitt RE Co

$3,500,000

Est. payment - /mo

2 Baths

2,192 SqFt

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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 2,192 sqft

Price per Sqft $1,596

MLS Listing ID RX-11132930

Year Built 1976

Annual Tax Amount $12,445

Tax Year 2024

Lot Size 1.000 Acres

Property Sub-Type Mixed Use

Property 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.

Location

State FL

County Monroe

Area 5940

Zoning MU

Interior

Heating Other

Cooling Central, Other

Flooring Concrete, Vinyl Floor

Fireplaces Type Smoke Alarm, Smoke Detector, Sprinkler

Exterior

Community Features Corporate Owned

Utilities Available Electric, Municipal Water, Public Sewer

Waterfront Description Basin,Bay,Navigable,Seawall

Roof Type Aluminum

Present Use Corporate Owned

Security Burglar Alarm

Building

Story 90.00

Foundation CBS, Frame

Others

Security Features Burglar Alarm

Acceptable Financing Conventional

Listing Terms Conventional

Financing Conventional

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Dennis Lue Yat

+1(561) 571-1425

Broker | SL3301099

Broker SL3301099

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1240 Overseas HWY Marathon, FL 33050

Dennis Lue Yat

Key Details

Location

Interior

Exterior

Building

Others

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