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Commercial > Hospitality
Active
3 weeks ago
List Price
$3,300,000

1240 Overseas Hwy
Marathon, FL 33050

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  • 1240 Overseas Hwy, Marathon, FL 33050 is a 4 bed, 3 bath, 1,832 ft² commercial hospitality property property built in 1976 on a 0.367 acre lot with 19 construction permits. This commercial hospitality property is currently listed for $3,300,000, and it was last sold in 2021 for $800,000.

    MLS Description

    The listing agent's description. Original Listing

    Multi-Parcel Waterfront Offering - Iconic 7 Mile Grill.This rare multi-parcel package in Marathon, FL 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.

    Listing Agents

    The listing agent for 1240 Overseas Hwy is Elizabeth Jolin.

    Permits

    1240 Overseas Hwy has 19 permit records.

    Permit History
    19
    Permits

    Current Ownership

    Information about the current owner(s).

    Property History

    1240 Overseas Hwy has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).

    Property Events

    Environment

    Environmental factors around 1240 Overseas Hwy

    School Information

    Public/private schools serving 1240 Overseas Hwy

    Neighborhood

    This property is located in 33050.

    Market Trends

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    Copyright © 2025 Florida Keys Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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