$10,500,000
For Sale

139 Seaside Avenue

KEY LARGO, FL 33037
5 beds | 7.00 baths | #602684
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Description

Once in a lifetime opportunity to purchase Snappers Key Largo Restaurant & Bar, an iconic Key Largo establishment with a 40+ yr. track record of success. There are very few direct Oceanfront Restaurant & Bars in the Upper Keys and very limited waterfront competition. Indoor & Outdoor patio seating with 12 wet boat slips overlooking the Atlantic Ocean. Restaurant is licensed for over 250 Seats. Restaurant & kitchen were totally rebuilt with all new Furniture, Fixtures & Equipment plus most of the electric & plumbing all updated in 2018. Includes 4 unique hotel rooms on 2nd floor with transient license & 2 bd house for employees.Fully approved & permitted Plans to rebuild the Turtle Club as well as Food Truck included. This will add tremendous growth to top and bottom line income. Overall, there are 4 lots included with a total of 2.37 ac. of Uplands and .57 Ac of submerged baybottom owned. In addition, the corner lot on the highway is included with a large sign that is very visible to both N & S bound traffic. There is ample customer and employee parking which is rare and valuable. Strong financial numbers both Gross & Net. Room to substantially grow income by adding breakfast, lunch and rebuilding the Turtle Club. Also may be suitable for franchising opportunities as all IP is included and fully trademarked.
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  • Interior Details
    • Beds & Baths
      • Bedrooms:5
      • Bathrooms:7.00
  • Construction Details
    • Type & Style
      • Property type:Purchase
    • Condition
      • Year built:1958
  • Community and Neighborhood Details
    • Community
      • Subdivision:Seaside Sub (94.5)
  • Other
    • Source
      • MLS #:602684

Location

Born to Sell the KeysBorn to Sell the Keys
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