139 Seaside Avenue

Key Largo, FL, 33037

$10,500,000

$1,557 per ft²
$10,500,000
$1,557 per ft²
Active
Active
 - For Sale
beds
5 Beds
baths
7 Baths
carpenters-square
6,740 ft²
property_type
Commercial
calendar
Built 1958
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.
MLS® ID:
602684
Updated:
12/8/22
Sotheby's International Realty
OceanSIR

Interior Features

Total Bedrooms
5
Full Bathrooms
5
Half Bathrooms
2
Interior Features
Furnished
Cooling
Ceiling Fans(s), Central Air

Exterior/Building Features

Lot Size
2.37 acres lot
Architectural Style
Commercial

Other Property Details

Area Name
26 - Key Largo S of MM 96.9
Taxes
$49588.00
Tax Frequency
per YEAR
Garage
Yes
Garage Spaces
4
Parking
Y
View
Y
County
Monroe
Utilities
FKAA, Municipal Sewer, Propane
Pool
No
Zoning
SC - Sub Urban Commercial District

Property History

Date
Event
Price
Value
11/29/22
Price Change
$10,500,000
-16%

Courtesy of RE/MAX Keys Connection (KW), Curtis CCIM,
Listing Contact:  

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys Board of Realtors®, Florida Keys MLS, Inc. Real Estate Listings held by brokerage firms other than Sotheby's International Realty are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.

Copyright 2022 Florida Keys Board of Realtors®, Florida Keys MLS, Inc.

Data last updated: 12/8/22

Sotheby's International Realty
OceanSIR
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