About 1240 Overseas Hwy
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.
Features of 1240 Overseas Hwy
| MLS® # | RX-11132930 |
|---|---|
| Price | $3,500,000 |
| Square Footage | 2,192 |
| Acres | 1.00 |
| Year Built | 1976 |
| Type | Commercial |
| Sub-Type | Income, Mixed, Retail |
| Style | Restaurant, Marina |
| Status | Active |
Community Information
| Address | 1240 Overseas Hwy |
|---|---|
| Area | 5940 |
| City | Marathon |
| County | Monroe |
| State | FL |
| Zip Code | 33050 |
Amenities
| Utilities | 3-Phase Electric, Municipal Water, Public Sewer |
|---|---|
| Is Waterfront | Yes |
| Waterfront | Bay, Navigable, Seawall, Basin |
Interior
| Appliances | Building and Land, Equipment, Inventory, License |
|---|---|
| Heating | Other |
| Cooling | Central, Other |
| # of Stories | 1 |
Exterior
| Lot Description | Restaurant Marina |
|---|---|
| Roof | Aluminum |
| Construction | CBS, Frame |
Additional Information
| Zoning | MU |
|---|---|
| RE / Bank Owned | No |
Listing Details
| Office | Coldwell Banker Schmitt RE Co |
|---|