Established Restaurant
For Sale
Contact for pricing
11400 Overseas Highway 116, Marathon, FL 33050
Operating restaurant with included equipment, inventory, proprietary recipes, and beer-and-wine licensing.
Property Size1,350 SF
Price / SF$362.22
Days on Market9
Property Features for 11400 Overseas Highway 116
General Information
Standard status
Active
Size
1,350 SF
Property subtype
Land
Restaurant
Seating Capacity
57
Patio
Yes
Equipment Included
Yes
Additional Details
Furnished
Yes
Business Included
Yes
Building Details
Year Built
1973
Listing Agency:
Coldwell Banker Commercial Schmitt Real Estate Company Marathon
Listed By:
Joshua Mothner · License #SL659317
Source:
Crexi
Added: Jul 27
Changed: Aug 3
Last Checked: Aug 3 at 3:49AM
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 Commercial Schmitt Real Estate Company Marathon
Investment Insights
Based on property information with market context.
This established restaurant business has operated at its current location since 2006 and is offered with furniture, fixtures, equipment, current inventory, and proprietary recipes and assets. The dining operation accommodates 47 guests indoors and 10 outdoors, for 57 seats overall. A 2COP beer-and-wine license is currently in place.
The restaurant occupies space within Towne Square Mall, a shopping plaza that includes a U.S. Post Office. Lease terms include a new 5-year lease signed May 1, 2026, with a tenant renewal option after year 3, subject to assignment approval. The associated improvements date to 1973.
The restaurant occupies space within Towne Square Mall, a shopping plaza that includes a U.S. Post Office. Lease terms include a new 5-year lease signed May 1, 2026, with a tenant renewal option after year 3, subject to assignment approval. The associated improvements date to 1973.
Key Highlights
- Operating at its current location since 2006
- 57 total seats: 47 inside and 10 outside
- Furniture, fixtures, equipment, current inventory, and proprietary recipes included
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 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$543.0K
$475.2K – $633.5K
NOI $38,012 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
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 - Operating restaurant with included equipment, inventory, proprietary recipes, and beer-and-wine licensing.
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 $489,000.
What are key features of this property?
This property features: Operating at its current location since 2006; 57 total seats: 47 inside and 10 outside; Furniture, fixtures, equipment, current inventory, and proprietary recipes included
