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1240 Overseas Highway Marathon, FL $ 3,300,000
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1240 Overseas Highway
$ 3,300,000
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1240 Overseas Highway

Marathon, FL, 33050
$ 3,300,000
Bedrooms-- Baths2.0 Sq 2,192

Monthly Estimate*

$ 20,319

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Commercial Property for sale in Marathon, FL

for $3,300,000 with 2 full baths. This 2,192 square foot building was built in 1976 on a lot size of 1.

Multi-Parcel Waterfront Offering Iconic 7 Mile Grill This 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.

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Commercial Active

Price

$ 3,300,000

Full Bath

2

Property Type

Commercial

Taxes

$ 12,445

Style

Lot Size

1

Year Built

1976

Town/City

Marathon

County/Region

Monroe

MLS | Web ID

R11132930
Features
General
Sewer Public Sewer
Heating Other
Cooling Central Air Other
Roof Aluminum
Security Features Security System Fire Alarm Fire Sprinkler System Smoke Detector(s)
Construction Materials Block Frame
Year Built 1976
Electric 3 Phase
Tenant Pays Electricity Insurance Water
Stories Count 1
Levels One
Property Subtype Mixed Use
Tax Year 2024
County Monroe
Property Type Commercial Sale
Status Active
Directions Southen end of Marathon Florida Keys. Gateway to 7 Mile Bridge.
City Marathon
Number Of Units Total 2
MLS Area 5940 - Other Florida County
Tax Annual Amount 12445.4
Virtual Tour https://www.propertypanorama.com/1240-Overseas-Highway-Marathon-FL-33050/unbranded
Standard Status Active
Property Sub Type Additional Mixed Use
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
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Interior
Flooring Concrete Vinyl
Air Conditioning Y/N true
Heating Y/N true
Total Baths 2
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Exterior
Water Source Public
Lot Size Area 43560
Building Area Total 2192
Lot Size Acres 1
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* Excluded Features
List By
Elizabeth Jolin

Listing Agent

Affordability Calculator

$21,356
Per Month
95%
5%
0%
Monthly Principal & Interest
$20,319
Monthly Property Taxes
$1,037
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
1/15/2026$3,300,000 Listed Price

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1240 Overseas Highway, Marathon, FL, 33050 is a Commercial Property for sale at $3,300,000 with 2,192 sqft and a lot size of 1. 1240 Overseas Highway has 2.0 baths and was built in 1976. The property's zip code is 33050 which is in Marathon, FL

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