Sold

Closed

139 Seaside Avenue

Key Largo FL, 33037

$9,000,000


$1,335.31 per sqft

Sold

Closed

5 Beds

7 Baths

6,740 sqft

Commercial

Built in 1958

Once in a lifetime opportunity to purchase Snappers Key Largo Restaurant & Bar, an iconic Key Largo establishment with a 40+ yr. track record of success. There are very few direct Oceanfront Restaurant & Bars in the Upper Keys and very limited waterfront competition. Indoor & Outdoor patio seating with 12 wet boat slips overlooking the Atlantic Ocean. Restaurant is licensed for over 250 Seats. Restaurant & kitchen were totally rebuilt with all new Furniture, Fixtures & Equipment plus most of the electric & plumbing all updated in 2018. Includes 4 unique hotel rooms on 2nd floor with transient license & 2 bd house for employees. Fully approved & permitted Plans to rebuild the Turtle Club as well as Food Truck included. Turtle Club will be an elevated Oceanfront building with a new bar and seating overlooking open Atlantic Ocean. This will add tremendous growth to top and bottom line income. Overall, there are 4 large lots included with a total of 2.37 ac. of Uplands and .57 Ac of submerged baybottom that is owned, not leased. In addition, the corner lot on the highway is included with a large sign that is very visible to both N & S bound traffic. There is ample customer and employee parking which is rare and valuable. Strong financial numbers both Gross & Net. Room to substantially grow income by adding daily lunch, breakfast and rebuilding the Turtle Club. Also may be suitable for franchising opportunities as all IP is included and fully trademarked.

602684

MLS ID

October 6, 2022

Listed

October 14, 2024

Updated

Map

139 Seaside Avenue
Key Largo FL, 33037

Interior Features

Total Stories

2


Bedrooms

5


Total Bathrooms

7


Full Bathrooms

5


Half Bathrooms

2


Interior Features

Furnished


Fireplace

No


Cooling

Yes


Cooling Description

Central Air, Ceiling Fans(s)


Heating

No

Exterior/Building Features

Lot Size

2.37 Acres


Lot Features

2 Less Than 5 Acres

School Information

School District

Snappers Key Largo

Other Property Details

Area Name

26 - Key Largo S of MM 96.9


Taxes

$49,588


Tax Frequency

Annually


Days on Market

531


Association Amenities

None


Garage

No


Parking

Guest Parking, Off Street Parking


View

Yes


View Description

Ocean View


County

Monroe


Pool

No


Waterfront

Yes


Zoning

SC - Sub Urban Commercial District

Listing History

Date

Event

Price

3/22/2024

Sold

$9,000,000

Listed by Curtis A Skomp, CCIM with RE/MAX Keys Connection (KW)
Listing Contact:  

The IDX display contains information sourced from the Florida Keys Board of REALTORS® as of 10/14/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2024 Florida Keys Board of REALTORS® all rights reserved.

Data last updated on 10/14/2024 at 11:52 PM UTC

 

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