$1,799,999
Marathon, FL 33050
MLS# 605447
3 baths | 2235 sqft
1 / 7
Property Description
Prime Restaurant & Bar for sale in the heart of Marathon. Highly visible free standing building on Overseas Hwy. Seller will consider a 1st mortgage & Seller financing for a qualified buyer with reasonable down-payment and terms TBD. Cracked Conch Cafe has been Marathon staple for decades serving breakfast, lunch, dinner and full liquor. Licensed for 150 Seats with full liquor COP-SRX Liquor license. Indoor and Outdoor patio seating plus rear covered deck and back bar known as the Flying Iguana! Ground level 2,235 sf. CBS building sits on large 20,000 sf lot with ample parking for customers & employees. 100' of frontage on Overseas Hwy & also rear access off Ocean Terrace. Parcel is located in the middle of town just S. of Sombrero Beach Rd. and nearby is many residential homes plus Publix, Sandal Factory & T-Shirt City, Marathon Vet Clinic, Marathon Fitness, the Post Office, and more. All Furniture, Fixtures and Equipment, Business Name, Numbers, Recipes included. This is an asset sale and value supported by the real estate, building and assets. Same owners over 40 years, the reason for selling and business is ready to be taken to the next level with new ownership.
Details
Maps
Contract Information
Current Price: $1,799,999
Listing Date: 2023-05-25
Listing Board: Key West Association
List Price: $1,799,999
Limitd Reprsntation: No
As is Rght to Inspct: Yes
For Sale/Lease: For Sale
Potential Short Sale: No
Bank Owned: No
Species List: No
Location, Tax & Legal
Street #: 4999
Street Name: Overseas
Street Suffix: Highway
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
Off Shore Island: No
Subdivision: Marameade Amd (49.5)
Mile Marker: 49.5
County: Monroe
Area: 13 - 7 Mile Bridge to Sombrero Bch Rd E & W
Marathon Neighborhood: Old Town East (25th to Sombrero)
Side: Ocean
Flood Zone: AE,AE
Alternate Key #: 1398373
Parcel #: 00324410-000000
Bldg Nbr: 1
Zoning: MU - Mixed Use Commercial Mixed Use
Legal: AMENDED PLAT OF MARAMEAD SUBD PB3-185 KEY VACCA LOTS 23-26 & 39-40 BLK B OR301-248/49 OR311-181/182 OR647-196 OR840-1067
Taxes: 11866.68
Tax Year: 2022
General Property Description
Realtor.COM Type: Commercial
Style: Commercial
Lot Size: 100 x 200
Lot SqFt: 20000
Waterfront: No
Business Name: Cracked Conch Cafe
Year Established: 1980-12-31
# Parking Spaces: ample
Off Street Parking: yes
# Stories: 1
Total # Buildings: 1
Building SqFt: 2235
Living Apx SqFt: 2235
Total Units: 1
Year Built: 1973
Half Baths: 3
Total Baths: 3
Remarks & Misc
Remarks – Consumer: Prime Restaurant & Bar for sale in the heart of Marathon. Highly visible free standing building on Overseas Hwy. Seller will consider a 1st mortgage & Seller financing for a qualified buyer with reasonable down-payment and terms TBD.
Cracked Conch Cafe has been Marathon staple for decades serving breakfast, lunch, dinner and full liquor. Licensed for 150 Seats with full liquor COP-SRX Liquor license. Indoor and Outdoor patio seating plus rear covered deck and back bar known as the Flying Iguana! Ground level 2,235 sf. CBS building sits on large 20,000 sf lot with ample parking for customers & employees. 100' of frontage on Overseas Hwy & also rear access off Ocean Terrace. Parcel is located in the middle of town just S. of Sombrero Beach Rd. and nearby is many residential homes plus Publix, Sandal Factory & T-Shirt City, Marathon Vet Clinic, Marathon Fitness, the Post Office, and more. All Furniture, Fixtures and Equipment, Business Name, Numbers, Recipes included. This is an asset sale and value supported by the real estate, building and assets.
Same owners over 40 years, the reason for selling and business is ready to be taken to the next level with new ownership.
Directions: On Overseas Hwy at Mile Marker 49.9 just S. of Sombrero Beach Blvd.
Status Change Info
Status: Active
License Info
# of City License: 1
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Misc Property Info
Recorded Plat: Yes
Accounts & Meters
# Sewer Accounts: 1
# Water Meters: 1
# Electric Meters: 1
Appliances
Other: All included
Auction Info
Auction: No
Financial Status
Bank Owned: No
Potential Short Sale: No
Property Features
Deed Restrictions: No
License Info: SRX (Non-Transferab)
Type: Bar; Restaurant
Waterfront: None
Waterview: No Waterview
Dockage: None
Vehicle Storage: Guest Parking; Off Street Parking
Cooling: Central Air
Utilities: FKAA; Municipal Sewer
Interior Features: Furnished
Miscellaneous: High Traffc Location; High Visibility; Highway Frontage
Construction: CBS; Combo Construction
Electric: Three Phase
Windows/Doors: Other Windows/Doors
Floor: Other
Roof: Other Roof
Land Size: 1/4 - 1/2 Acre
Fee Includes: None
Terms: Seller Finance Psble
Title: Negotiable
Listing Office: RE/MAX Keys Connection (KW)
Last Updated: June - 01 - 2023
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