Restaurant Space in Mall
11400 Overseas Highway 116 Marathon, FL 33050
New
For Sale
$279,000
Restaurant space located in the northeast corner of Towne Square Mall, off 116th Street Gulf along U.S. Highway 1.
Days on Market4
Property Features for 11400 Overseas Highway 116
General Information
Standard status
Active
Property subtype
Business Opportunity
Building Details
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: Jul 29 at 8:16AM
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
Location Intelligence
Current Use
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
