139 Seaside Avenue
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 |
|---|---|
| Address: | 139 Seaside Avenue |
| City: | KEY LARGO |
| State: | Florida |
| Zip Code: | 33037 |
| Subdivision: | Seaside Sub (94.5) |
| MLS: | 602684 |
| Year Built: | 1958 |
| Square Feet: | 6,740 |
| Bedrooms: | 5 |
| Bathrooms: | 7 |
| Half Bathrooms: | 2 |
| appliancesOther: | YES |
|---|---|
| area: | 26 - Key Largo S of MM 96.9 |
| associationInfo1stRightOfRefusal: | no |
| associationInfoHOA: | no |
| auctionInfoAuction: | no |
| bankOwned: | no |
| businessName: | Snappers Key Largo |
| compensationDisclaimer: | The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. |
| construction: | CBS, Frame |
| controlDepth: | 5 |
| coolingHeating: | Ceiling Fans(s), Central Air |
| daysOnMarket: | 131 |
| dockage: | Boat Slip, First Come Dock, Other Dockage |
| dockageSeawall: | Concrete |
| electric: | Circuit Breakers, Three Phase |
| feeIncludes: | None |
| financialStatusBankOwned: | no |
| financialStatusPotentialShortSale: | no |
| floodZone: | VE,VE,AE,AE,VE,AE |
| interiorFeatures: | Furnished |
| keyIsland: | Key Largo |
| landSize: | 2 Less Than 5 Acres |
| 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 |
| licenseInfo: | SRX (Non-Transferab) |
| licenseInfoNumOfTransientLicns: | 4 |
| lotSize: | 2.37 ac |
| lotSqft: | 103364 |
| mileMarker: | 94.5 |
| miscellaneous: | High Traffc Location, High Visibility, Highway Frontage, Open Water View |
| netLeasableArea: | 6740 |
| numStories: | 2 |
| offStreetParking: | Ample |
| parcelNum: | 00492290-000000 |
| potentialShortSale: | no |
| propertyInfoNumBoatSlips: | 12 |
| propertyInfoNumEfficiencies: | 4 |
| propertyInfoNumKitchens: | 1 |
| propertyRights: | Beverage License, Transient License |
| side: | Ocean |
| sqftSource: | Property Data Card |
| style: | Commercial |
| taxYear: | 2021 |
| taxes: | 49588 |
| terms: | No Seller Finance |
| totalNumBuildings: | 3 |
| totalUnits: | 6 |
| type2: | Apartment 3 or more,Bar,Marina,Restaurant |
| utilities: | FKAA, Municipal Sewer, Propane |
| vehicleStorage: | Guest Parking, Off Street Parking |
| vehicleStorageCars: | 4+ |
| waterfront: | yes |
| waterfrontType: | Oceanfront |
| waterview: | Ocean View |
| yearEstablished: | 1960-01-01 |
