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7-Mile Grill 1240 Overseas Hwy 4,240 SF Retail Building Marathon, FL 33050 $3,300,000 ($778.30/SF)
INVESTMENT HIGHLIGHTS
- Historic and Landmark 7 Mile Grill Restaurant
- 4 Bed / 1 Bath Home Included in Sale
- Transferable Submerged Land Lease Allowing Waterfront Usage
- Two Parcels Included in Sale: 1240 Overseas Hwy and 1230 Overseas Hwy
- Transferable Beer and Wine License
- Bonus Transferable Building Right Included
PROPERTY FACTS
AMENITIES
- Waterfront
ABOUT 1240 OVERSEAS HWY , MARATHON, FL 33050
Multi-Parcel Waterfront Offering - Iconic 7 Mile Grill For sale is a rare multi-parcel package in Marathon, FL that combines an iconic waterfront restaurant, residential property, development rights, and dockage. 1240 Overseas Hwy is home to the renowned 7 Mile Grill, serving up delicious home-style cooking with island style since 1954. The historic restaurant operates with a transferable beer and wine license and serves breakfast, lunch, and dinner. The parcel carries an additional development right for a single-family home which currently supports added income from a jet ski rental business and an ice cream truck. A state-issued submerged land lease transfers with the sale, ensuring valuable waterfront access to 149' of dockage. Included in the sale is a 4-bedroom, 1-bath home located at the adjoining 1230 Overseas Hwy. This bonus parcel is perfect for employee housing, an owner's residence, or future redevelopment. With high-visibility US1 frontage at the head of the Seven Mile Bridge, this property offers exceptional exposure and multiple revenue streams. Buyers can continue successful operations as-is or explore reconfiguration and redevelopment options to unlock the full potential of this unmatched offering.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 00101720-000000 | Improvements Assessment | $237,853 |
| Land Assessment | $792,000 | Total Assessment | $1,029,853 |
PROPERTY TAXES
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7-Mile Grill | 1240 Overseas Hwy
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