Don't miss this chance! A Florida Keys hot spot, Stouts Restaurant, 3 Unit Strip Center, & Vacant Lot is for sale! The opportunities are endless with this investment property. This is an Asset sale. The current market value of the two parcels of commercial Real Estate on Overseas Hwy including One Transferrable Building Right (TBR), plus the renovated building and equipment is near the asking price. The well known and established business can be included as a bonus. Vacant Lot includes one Transferrable Building Right(TBR) and additional 6,028 sf. of land. Recently renovated kitchen, appliances, dining room, roof, and concrete restoration. The building consists of 3 separate units with separate electrical meters. This rental income producing property won't last long! Financials and complete packet are available with a signed confidential agreement.
MLS# | 601302 |
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Listing Type | For Sale |
Building Name | Stouts Restaurant |
Sub-Type | Resale |
Status | Active |
Year | 1964 |
Days On Site | 1103 |
Listing Provided By | RE/MAX All Keys Real Estate | Gregory Dully |
SQ Feet | 2,179 |
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Zoning | MU - Mixed Use |
Acreage | 0.29 |
State | FL |
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County | Monroe |
City | Marathon |
Zip Code | 33050 |
Area | 16 Sombrero Bch Rd to Vaca Cut Oceanside |
Community Name | Lida Sub (51.5) |
Listing VS Median (in Lida Sub (51.5)) | |
Price: $1,395,000 low | high Med: $1,123,000 SqFt: 2,179 low | high Med: 1,436 $ / SqFt: $640 low | high Med: $848 On site: 1103 low | high Med: 253.000000 |