139 Seaside Ave
Key Largo, FL 33037
$10,500,000
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5 Beds
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7 Baths
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6,740 SqFt
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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.
- Price:
- $10,500,000
- Bedrooms:
- 5
- Full Baths:
- 5
- Half Baths:
- 2
- Square Footage:
- 6,740
- Acreage:
- 2.37
- Year Built:
- 1958
- MLS #:
- 602684
- Street Address:
- 139 Seaside Ave
- City:
- Key Largo
- State:
- FL
- Postal Code:
- 33037
- County:
- Monroe
- Area:
- 26 - Key Largo S Of Mm 96.9
- Subdivision:
- Seaside Sub (94.5)
- Listing Status:
- For Sale - Active
Building
- Construction Description:
- Cbs, Frame
- Dwelling Type:
- Apartment 3 Or More, Bar, Marina, Restaurant
- Interior Features:
- Furnished
- Leasable Square Feet:
- 6740.00
- Miscellaneous Features:
- High Traffc Location, High Visibility, Highway Frontage, Open Water View
- Number Of Units:
- 6.00
- Square Footage Source:
- Property Data Card
- Stories:
- 2.0
- Style:
- Commercial
- Total # Of Buildings:
- 3
- Total Building Square Footage:
- 6740
- Year Built:
- 1958
Business
- Business Description:
- Snappers Key Largo
- Year Established:
- 1960-01-01
Land
- Conforms To Zoning:
- Sc - Sub Urban Commercial District
- Federal Flood Zone:
- Ve, Ve, Ae, Ae, Ve, Ae
- Lot Size:
- 2 Less Than 5 Acres
- Lot Square Footage:
- 103364.00
Listing
- Days On Market:
- 131
- Terms:
- No Seller Finance
Money
- Property Taxes:
- $49,588
- Tax Year:
- 2021
Structures
- Dock Description:
- Boat Slip, First Come Dock, Other Dockage
- Garage Capacity:
- 4+
- Parking Description:
- Guest Parking, Off Street Parking
- Parking Spaces:
- Ample
Systems
- Electricity:
- Circuit Breakers, Three Phase
- Heating And Air:
- Ceiling Fans(s), Central Air
- Utilities:
- Fkaa, Municipal Sewer, Propane
Water
- Control Depth:
- 5
- Water View Description:
- Ocean View
- Waterfront:
- Yes
- Waterfront Footage:
- Oceanfront
Source
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Listing Provided By RE/MAX Keys Connection (kw)
