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The Wooden Spoon Restaurant 7007 Overseas Hwy 1,088 SF Retail Building Marathon, FL 33050 $1,850,000 ($1,700.37/SF) 12.10% Cap Rate
INVESTMENT HIGHLIGHTS
- Landmark Florida Keys Restaurant in Operation Over 70 Year
- High Profit Center with Lean Operation
- High Visibility on US1
EXECUTIVE SUMMARY
Own this iconic diner in the heart of Marathon!
The Wooden Spoon is a beloved institution, serving breakfast and lunch to a steady mix of tourists and loyal locals for over 70 years. The compact footprint, efficient kitchen, and competent staff turn out craveable meals that keeping diners coming back to this 52-seat diner.
The continuity of operations - paired with a proven track record of daily profitability - makes this an ideal opportunity for a hands-on owner or investor seeking dependable returns.
Business and real estate included in this sale. Be a part of the fabric of the Florida Keys with ownership of this quintessential iconic eatery.
The Wooden Spoon is a beloved institution, serving breakfast and lunch to a steady mix of tourists and loyal locals for over 70 years. The compact footprint, efficient kitchen, and competent staff turn out craveable meals that keeping diners coming back to this 52-seat diner.
The continuity of operations - paired with a proven track record of daily profitability - makes this an ideal opportunity for a hands-on owner or investor seeking dependable returns.
Business and real estate included in this sale. Be a part of the fabric of the Florida Keys with ownership of this quintessential iconic eatery.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,088 SF
Year Built/Renovated
1967/1990
Price
$1,850,000
Price Per SF
$1,700.37
Cap Rate
12.10%
NOI
$223,850
Business Value
$1,850,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.31 AC
Opportunity Zone
Yes
Zoning
2100 - MU - Mixed Use Commercial Mixed Use
Parking
20 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
105’ on Overseas Highway
AMENITIES
- Restaurant
ABOUT 7007 OVERSEAS HWY , MARATHON, FL 33050
Own this iconic diner in the heart of Marathon! The Wooden Spoon is a beloved institution, serving breakfast and lunch to a steady mix of tourists and loyal locals for over 70 years. The compact footprint, efficient kitchen and competent staff turn out craveable meals that keeping diners coming back to this 52-seat diner. The continuity of operations - paired with a proven track record of daily profitability - makes this an ideal opportunity for a hands-on owner or investor seeking dependable returns. Business and real estate included in this sale.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 00338700-000100 | Improvements Assessment | $124,901 |
| Land Assessment | $685,053 | Total Assessment | $809,954 |
PROPERTY TAXES
Parcel Number
00338700-000100
Land Assessment
$685,053
Improvements Assessment
$124,901
Total Assessment
$809,954
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The Wooden Spoon Restaurant | 7007 Overseas Hwy
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