1240 Overseas Highway Marathon, FL ^$ 3,500,000

1240 Overseas Highway

^$ 3,500,000

Back to search

1240 Overseas Highway

Marathon, FL, 33050

^$ 3,500,000

Bedrooms-- Baths2.0 Sq 2,192

Monthly Estimate*

^$ 21,835

1240 Overseas Highway, Marathon, FL 33050 - Image 1

1240 Overseas Highway, Marathon, FL 33050 - Image 2

1240 Overseas Highway, Marathon, FL 33050 - Image 3

1240 Overseas Highway, Marathon, FL 33050 - Image 4

1240 Overseas Highway, Marathon, FL 33050 - Image 5

1240 Overseas Highway, Marathon, FL 33050 - Image 6

1240 Overseas Highway, Marathon, FL 33050 - Image 7

1240 Overseas Highway, Marathon, FL 33050 - Image 8

1240 Overseas Highway, Marathon, FL 33050 - Image 9

1240 Overseas Highway, Marathon, FL 33050 - Image 10

1240 Overseas Highway, Marathon, FL 33050 - Image 11

1240 Overseas Highway, Marathon, FL 33050 - Image 12

1240 Overseas Highway, Marathon, FL 33050 - Image 13

1240 Overseas Highway, Marathon, FL 33050 - Image 14

1240 Overseas Highway, Marathon, FL 33050 - Image 15

1240 Overseas Highway, Marathon, FL 33050 - Image 16

1240 Overseas Highway, Marathon, FL 33050 - Image 17

1240 Overseas Highway, Marathon, FL 33050 - Image 18

1240 Overseas Highway, Marathon, FL 33050 - Image 19

1240 Overseas Highway, Marathon, FL 33050 - Image 20

1240 Overseas Highway, Marathon, FL 33050 - Image 21

1240 Overseas Highway, Marathon, FL 33050 - Image 22

1240 Overseas Highway, Marathon, FL 33050 - Image 23

1240 Overseas Highway, Marathon, FL 33050 - Image 24

View a Virtual Tour

Commercial Property for sale in Marathon, FL

for $3,500,000 with 2 full baths. This 2,192 square foot building was built in 1976.

Multi-Parcel Waterfront Offering Iconic 7 Mile GrillThis rare multi-parcel package in Marathon, FL combines an iconic waterfront restaurant, residential property, development rights, and dockage. 1240 Overseas Hwy is home to the renowned 7 Mile Grill. Operating with a transferable beer and wine license, the operation serves year round breakfast, lunch and dinner. A transferable submerged land lease allows for continued use of the 129' of waterfront for boating access.The parcel carries an additional development right for a single-family home and included in the sale is an additional single-family home with 4 beds/1 bath (1230 Overseas Hwy).The US1 front exposure offers exceptional exposure.

Commercial Active

Price

^$ 3,500,000

Full Bath

Property Type

Commercial

Taxes

^$ 12,445

Style

Income,Mixed,Retail

Year Built

1976

Town/City

Marathon

County/Region

Monroe

MLS | Web ID

RX11132930

Features

General

Construction CBS Frame

Heating Other

Cooling Central Other

Utilities Electric Municipal Water Public Sewer

Possession At Closing

Roof Aluminum

Zoning MU

Security Burglar Alarm

Status Active

Year Built 1976

Stories Count 1.0

Type Mixed Use

Property Type E

Area 5940

Auction No

Tax Year 2024

Terms Considered Conventional

Use Income Mixed Retail

Special Info Corporate Owned

Virtual Tour https://www.propertypanorama.com/1240-Overseas-Highway-Marathon-FL-33050/unbranded

Geo Area Other Geographic Area

Legal Description 8 66 32 HOG KEY PT GOVT LT 1 AND ADJ PT ST RD 5 OR375-561 OR459-468/70 OR517-304 OR697-669 OR755-461 OR755-958 OR766-810

Exterior

Waterfront Yes Basin Bay Navigable Seawall

Lot Size 1.00

Interior

Flooring Concrete Vinyl Floor

Total Number of Units 2

Internal Only

OriginalMLSID RX-11132930

* Excluded Features

List By

Elizabeth Jolin

Listing Agent

Coldwell Banker Schmitt Re Co

Broker

ejolin@elizabethjolin.com

Affordability Calculator

$22,873

Per Month

Monthly Principal & Interest: $21,835
Monthly Property Taxes: $1,037
Monthly Home Insurance: --

Set your offer price

Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

THE TIME TO SELL IS NOW! What's my home worth?

Nearby

Trends
Schools

Commerical listings in Marathon, FL

Average List Price ^$5,824,833

Percent of Sale Price 66%

About Marathon, FL

8,598 Population

-14% Since 2002

^$60,133 Median Income

50.52 Median Age

18% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

368239 Elementary School

368240 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/16/2025	$3,500,000		Listed Price

Map

More homes like this one

homes for you

See all

1240 Overseas Highway, Marathon, FL, 33050 is a Commercial Property for sale at $3,500,000 with 2,192 sqft. 1240 Overseas Highway has 2.0 baths and was built in 1976. The property's zip code is 33050 which is in Marathon, FL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Multiple Listing Service of BeachesMLS. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 12/7/2025.

*Full Name

*Email

*Phone

I am interested in financing options

Get more info

By submitting the form, you agree that Weichert^® may contact you via phone or text about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. For any other information please read our privacy policy.

Get more info

Looking for an Associate?

Already Working with an Associate?

1240 Overseas Highway

Commercial Property for sale in Marathon, FL

Affordability Calculator

Map

More homes like this one

Get more info about this home