8349 Overseas Highway, Marathon, FL 33050

$1,050,000

Property Type: Commercial Sale Square Footage: 2,179 Lot Size (sq. ft.): 6,526 Status: Closed

Current Price: $1,050,000 List Date: 6/19/2023 Last Modified: 8/31/2026

Overview

Description

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 plus the renovated building and equipment. The well-known and established business can be included as a bonus. The vacant lot includes an 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 potential rental income-producing property won't last long! Financials and complete packet are available with a signed confidential agreement.

Listing Details MLS# 605719

Location, Tax & Legal

Street #: 8349
Street Name: Overseas
Street Suffix: Highway
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
Subdivision: Lida Sub (51.5)
County: Monroe
Area: 16 - Sombrero Bch Rd to Vaca Cut - Oceanside
City: MARATHON
Mile Marker: 51.5
Marathon Neighborhood: Airport - Ocean (72nd to 106th)
Side: Ocean
Flood Zone: AE,AE
Alternate Key #: 1425745
Parcel #: 00347950-000000
Zoning: MU - Mixed Use Commercial Mixed Use
Legal: BK 1 LT 42 LIDA SUB PB3-95 KEY VACA OR145-302 OR515-433 OR520-1 OR1425-1770 OR1425-1771AFF OR1425-1772D/C OR2692-2303/0
Taxes: 5604.76
Tax Year: 2022

Contract Information

Listing Board: Florida Keys
Limited Representation: No
For Sale/Lease: For Sale
Potential Short Sale: No
Bank Owned: No

General Property Description

Realtor.COM Type: Commercial
Style: Commercial
Lot SqFt: 6526
Waterfront: No
Business Name: Stouts Restaurant
Building SqFt: 2179
SqFt Source: Tax Records
Living Apx SqFt: 2179
Year Built: 1964
Control Depth: 0
Total Units: 0

Status Change Info

Under Contract Date: 2023-09-06
Sold Date: 2023-11-02

Association Info

Mandatory Home Owners Asc: No
1st Right of Refusal: No

Financial Status

Bank Owned: No
Potential Short Sale: No

More Information

Remarks & Misc

Remarks – Consumer: 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 plus the renovated building and equipment. The well-known and established business can be included as a bonus. The vacant lot includes an 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 potential rental income-producing property won't last long! Financials and complete packet are available with a signed confidential agreement.
Directions: Corner of US 1 and 84th St, Oceanside Marathon

Type

Office Buildings: Yes
Professional Service: Yes
Restaurant: Yes
Retail: Yes
Other Services: Yes

Fee Includes

None: Yes

Dockage

None: Yes

Appliances

Dishwasher: Yes
Range: Yes
Refrigerator: Yes

Cooling

Central Air: Yes
Wall/Window Unit(s): Yes

Waterfront

None: Yes

Waterview

No Waterview: Yes

Floor

Laminate: Yes
Tile: Yes

Vehicle Storage

Off Street Parking: Yes

Construction

CBS: Yes

Land Size

More than 1 Lot: Yes

Utilities

Buyer to Verify: Yes
FKAA: Yes
Municipal Sewer: Yes
Separate Meters: Yes

Property Rights

Transfer Bldg Rights: Yes

Miscellaneous

High Traffc Location: Yes
High Visibility: Yes
Highway Frontage: Yes
Utility Building: Yes

Property Features

Type: Office Buildings; Professional Service; Restaurant; Retail; Other Services Waterfront: None Waterview: No Waterview Dockage: None Vehicle Storage: Off Street Parking Cooling: Central Air; Wall/Window Unit(s) Utilities: Buyer to Verify; FKAA; Municipal Sewer; Separate Meters Appliances: Dishwasher; Range; Refrigerator Miscellaneous: High Traffc Location; High Visibility; Highway Frontage; Utility Building Construction: CBS Floor: Laminate; Tile Land Size: More than 1 Lot Fee Includes: None Property Rights: Transfer Bldg Rights

Listing Office: RE/MAX All Keys Real Estate

Last Updated: August - 31 - 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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