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139 Seaside Ave
Key Largo, FL 33037

Oceanfront Restaurant & Bar Key Largo · Retail Property For Sale

Investment Highlights

  • Direct Oceanfront access
  • Restaurant & kitchen were totally rebuilt with all new Furniture, Fixtures & Equipment plus most of the electric & plumbing all updated in 2018
  • Restaurant is licensed for over 250 seats

PROPERTY FACTS

Property Type
Retail
Property Subtype
Restaurant
Building Size
11,505 SF
Building Class
C
Year Built
1950
Tenancy
Single
Building Height
2 Stories
Building FAR
0.22
Lot Size
1.18 AC
Zoning
SC - Suburban Commercial District
Parking
75 Spaces (11.13 Spaces per 1,000 SF Leased)

Amenities

  • Restaurant
  • Signage
  • Waterfront

About 139 Seaside Ave , Key Largo, FL 33037

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. Turtle Club will be an elevated Oceanfront building with a new bar and seating overlooking open Atlantic Ocean. This will add tremendous growth to top and bottom line income. Overall, there are 4 large lots included with a total of 2.37 ac. of Uplands and .57 Ac of submerged baybottom that is owned, not leased. 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 daily lunch, breakfast and rebuilding the Turtle Club. Also may be suitable for franchising opportunities as all IP is included and fully trademarked.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 00491760-000000
  • 00492290-000000
  • 00491590-000000
Land Assessment
$2,209,917
Improvements Assessment
$660,965
Total Assessment
$2,870,882
  • Listing ID: 26790557

  • Date on Market: 10/6/2022

  • Last Updated:

  • Address: 139 Seaside Ave, Key Largo, FL 33037

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