11400 Overseas Highway 116, Marathon, FL 33050

New Listing

$279,000

Property Type: Business Opportunity Square Footage: 1,350 Lot Size (sq. ft.): 42,570 Status: Active

Current Price: $279,000 List Date: 7/27/2026 Last Modified: 7/27/2026

Overview

Description

One of Marathon's most iconic restaurants is now available for sale -- a rare chance to own and operate what many consider the best restaurant in the Florida Keys. Frank's Grill has operated at its current location since 2006, when the owner/chef relocated from what was previously regarded as one of Marathon's premier dining destinations. Today, Frank's Grill serves as the anchor tenant of Towne Square Mall, one of Marathon's busiest shopping plazas -- home to a steady flow of daily foot traffic and anchored further by a U.S. Post Office. This sale includes all FF&E (furniture, fixtures & equipment), current inventory, and proprietary recipes/assets. Walk in and start operating day one. Property & Licensing: • Seating: 47 inside / 10 outside (57 total) • 2COP Beer & Wine license currently in place Lease Terms: • New 5-year lease signed May 1, 2026 • Tenant option to renew after year 3 (subject to Assignment approval) With nearly two decades of brand recognition, a loya ... (Read more)

Listing Details MLS# 620752

Location, Tax & Legal

Street #: 11400
Street Name: Overseas
Street Suffix: Highway
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
Subdivision: Key Colony Sub (53.0)
County: Monroe
Area: 15 - Sombrero Bch Rd to Vaca Cut Gulfside
Unit #: 116
City: MARATHON
Mile Marker: 53
Marathon Neighborhood: Marathon East - Gulf (Airport to Vaca)
Side: Bay/Gulf
Alternate Key #: 1412538
Parcel #: 00334860000000
Zoning: MU - Mixed Use Commercial Mixed Use
Legal: Key Colony Subdivision No 3 Pb4-10 Key Vaca Lots 2 17 And18 Less S'ly 7' And Half Vacated Alley Or448-566 Or507-302 Or56
Taxes: 0
Tax Year: 2025

Contract Information

Sub Type: Business Opp No-Real Estate
Listing Board: Marathon/Lower Keys
Amount of Rent: 3150
Limited Representation: No

General Property Description

Realtor.COM Type: Commercial
Style: Business Opportunity
Lot SqFt: 42570
Waterfront: No
Business Type: Full Svc Restaurant
Business Name: Frank's Grill
Year Established: 2006-06-09
Off Street Parking: Yes
# Stories: Yes
Building SqFt: 1350
SqFt Source: Seller
Living Apx SqFt: 1350
Total Units: 3
Year Built: 1973

Business Info

Time left on Lease: 5 years

Remarks & Misc

Remarks – Consumer: One of Marathon's most iconic restaurants is now available for sale -- a rare chance to own and operate what many consider the best restaurant in the Florida Keys. Frank's Grill has operated at its current location since 2006, when the owner/chef relocated from what was previously regarded as one of Marathon's premier dining destinations. Today, Frank's Grill serves as the anchor tenant of Towne Square Mall, one of Marathon's busiest shopping plazas -- home to a steady flow of daily foot traffic and anchored further by a U.S. Post Office. This sale includes all FF&E (furniture, fixtures & equipment), current inventory, and proprietary recipes/assets. Walk in and start operating day one. Property & Licensing: • Seating: 47 inside / 10 outside (57 total) • 2COP Beer & Wine license currently in place Lease Terms: • New 5-year lease signed May 1, 2026 • Tenant option to renew after year 3 (subject to Assignment approval) With nearly two decades of brand recognition, a loyal local following, and an unbeatable high-traffic location, the goodwill alone in this business justifies the asking price. Opportunities to acquire an institution like Frank's Grill rarely come to market.
Directions: US Highway 1 to 116th Street Gulf. Go North on 116th street and enter Towne Square Mall. Frank's Grill is in the Northeast corner of the plaza

More Information

Type

Restaurant: Yes

Dockage

None: Yes

Cooling

Central Air: Yes

Heating

Central: Yes

Furnishings

Turnkey Finished: Yes

Waterview

None: Yes

View

None: Yes

Building Style

Ground Level: Yes

Construction

CBS: Yes

Terms

Seller Finance Psble: Yes

Porch/Balcony

Patio: Yes

Show

Other - See Remarks: Yes

Miscellaneous

High Traffc Location: Yes
Loading Dock: Yes

Business Opp

City: Yes

Tenant Paid

Electric: Yes
Garbage: Yes
Gas: Yes
Insurance: Yes
Water: Yes

Liquor License

2 Cop (Beer & Wine): Yes

Property Features

Type: Restaurant Cooling: Central Air Heating: Central Furnishings: Turnkey Finished Building Style: Ground Level Construction: CBS Dockage: None View: None Waterview: None Liquor License: 2 Cop (Beer & Wine) Miscellaneous: High Traffc Location; Loading Dock Show: Other - See Remarks Tenant Paid: Electric; Garbage; Gas; Insurance; Water Terms: Seller Finance Psble

Listing Office: Coldwell Banker Schmitt Real Estate Co.

Last Updated: July - 27 - 2026

The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.

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