139 Seaside Avenue

  • $$10,500,000
    • Active
    • Address:
      139 Seaside Avenue
      KEY LARGO, Florida 33037
    • Property Type:
    • Location:
    • Beds: 5
    • Baths: 7
    • Sq Ft: 6,740

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:55
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
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