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139 Seaside Avenue

Key Largo, FL 33037
  • $12,500,000
  • STATUS: Active
  • ON SITE: 50 Days
  • MLS #: 602684
UPDATED: 16 min ago
$12,500,000
  • 5
    BEDS
  • 2.37
    ACRES
  • 5
    BATHS
  • 2
    1/2 BATHS
  • 6,740
    SQFT
  • $1,855
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1958
County:

School Ratings & Info

Description

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. This will add tremendous growth to top and bottom line income. Overall, there are 4 lots included with a total of 2.37 ac. of Uplands and .57 Ac of submerged baybottom owned. 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 breakfast, lunch and rebuilding the Turtle Club. Also may be suitable for franchising opportunities as all IP is included and fully trademarked.

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Key West Luxury Real Estate Inc are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.keywestluxuryrealestateinc.com/homes/133698766
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139 Seaside Avenue Key Largo, FL 33037

  • Price: $12,500,000
  • Status: Active
  • On Site: 50 Days
  • Updated: 16 min ago
  • MLS #: 602684
5
Beds
5
Baths
2
½ Baths
2.37
Acres
6,740
SQFT
$1,855
$/SQFT
1958
Built
Neighborhood:
Seaside Sub (94.5)
County:
Monroe
Area:
26 - Key Largo S Of Mm 96.9
Property Description
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. This will add tremendous growth to top and bottom line income. Overall, there are 4 lots included with a total of 2.37 ac. of Uplands and .57 Ac of submerged baybottom owned. 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 breakfast, lunch and rebuilding the Turtle Club. Also may be suitable for franchising opportunities as all IP is included and fully trademarked.
Exterior Features

Boat Slips 12 Construction CbsFrame Dockage Boat SlipFirst Come DockOther Dockage Dockage Seawall Concrete Land Size 2 Less Than 5 Acres Lot Size 2.37 Ac Miscellaneous High Traffc LocationHigh VisibilityHighway FrontageOpen Water View Off Street Parking Ample Parking Spaces Ample Side Ocean Style Commercial Vehicle Storage Guest ParkingOff Street Parking Vehicle Storage Cars 4+ Waterfront Oceanfront Waterfront YN Yes Waterview Ocean View

Interior Features

Appliances Other Yes Cooling Heating Ceiling Fans(S)Central Air Interior Features Furnished Kitchens 1 Net Leasable Area 6740.00

Property Features

Assoc Hoa YN No Assoc Right Of Refusal No Bank Owned No Bank Owned Financial Status No Business Name Snappers Key Largo City Key Largo Commercial Type Apartment 3 Or MoreBarMarinaRestaurant Control Depth 5 Efficiencies 4 Electric Circuit BreakersThree Phase Fee Includes None Flood Zone VeVeAeAeVeAe Legal Re-Sub Seaside Pb2-10 Key Largo Pt Sqr 4 Pb2-10 A/K/A Lots 1 & 2 Sqr 4 Pb1-97 & Bay Btm Adj To Lots 1 & 2 & Pt Gov Lot 4 License Info Srx (Non-Transferab) Listing Board Key West Association Mile Marker 94.50 Potential Short Sale No Potential Short Sale Financial Status No Property Rights Beverage LicenseTransient License Property Type Commercial Sq Ft Source Property Data Card Tax Year 2021 Taxes 49588.00 Terms No Seller Finance Title Negotiable Total Units 6.00 Utilities FkaaMunicipal SewerPropane Year Established 1960-01-01 Zoning Sc - Sub Urban Commercial District

Listing courtesy of Curtis Skomp, Ccim of Re/Max Keys Connection (Kw): (305) 296-1400.


The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Key West Luxury Real Estate Inc are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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Key West Luxury Real Estate Inc
619 Eaton Street, #2
Key West FL, 33040