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