Restaurant Space in Mall
New
For Sale
$279,000
11400 Overseas Highway 116, Marathon, FL 33050
Restaurant space located in the northeast corner of Towne Square Mall, off 116th Street Gulf along U.S. Highway 1.
Days on Market6
Property Features for 11400 Overseas Highway 116
General Information
Standard status
Active
Property subtype
Business Opportunity
Amenities
Central Air
Central
Building Details
Building Size
1,350 SF
Year Built
1973
Listing Agency:
Coldwell Banker Schmitt Real Estate Co.
(305) 942-9519
Listed By:
Joshua James Mothner · License #659317
(305) 942-9519
Source:
Evrealestate
Added: Jul 27
Changed: Jul 29
Last Checked: Aug 1 at 5:43AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Schmitt Real Estate Co.
Investment Insights
Based on property information with market context.
This for-sale restaurant space is located within Towne Square Mall, with Frank’s Grill situated in the northeast corner of the plaza. The offering is positioned as a dedicated food and beverage use within an established shopping center setting.
From U.S. Highway 1, directions indicate taking 116th Street Gulf north and entering Towne Square Mall. The property is in Monroe County, and the address is 11400 Overseas Highway 116, Marathon, FL 33050.
From U.S. Highway 1, directions indicate taking 116th Street Gulf north and entering Towne Square Mall. The property is in Monroe County, and the address is 11400 Overseas Highway 116, Marathon, FL 33050.
Key Highlights
- Restaurant space located in the northeast corner of Towne Square Mall
- Off 116th Street Gulf along U.S. Highway 1
- Built in 1973
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.2k | $21.60 |
| − Vacancy | −$1.3k | −$0.97 |
| EGI | $27.8k | $20.63 |
| − OpEx | −$7.0k | −$5.16 |
| NOI | $20.9k | $15.47 |
1,350 SF · lease $21.60/SF/yr · vacancy 4.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$298.4K
$261.1K – $348.1K
NOI $20,886 @ 7.0% cap · market cap 7.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$543.0K
$475.2K – $633.5K
NOI $38,012 @ 7.0% cap · market cap 13.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
520
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33050, FL
10,479
Population
7,314
Households
1.4
Avg Household Size
50
Median Age
34%
College-Educated
90%
High-School Grad
9.1 sq mi
ZIP Area
1,152
Density / Sq Mi
$83,243
Median Household Income
$40,006
Median Earnings
$1,611
Median Rent
$705,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant space located in the northeast corner of Towne Square Mall, off 116th Street Gulf along U.S. Highway 1.
Where is this conventional restaurant located?
The property is located at 11400 Overseas Highway 116 Marathon, FL.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Restaurant space located in the northeast corner of Towne Square Mall; Off 116th Street Gulf along U.S. Highway 1; Built in 1973
