Multi-Parcel Waterfront Offering - Iconic 7 Mile Grill
For sale is a rare multi-parcel package in Marathon, FL that combines an iconic waterfront restaurant, residential property, development rights, and dockage.
1240 Overseas Hwy is home to the renowned 7 Mile Grill, serving up delicious home-style cooking with island style since 1954. The historic restaurant operates with a transferable beer and wine license and serves breakfast, lunch, and dinner.
The parcel carries an additional development right for a single-family home which currently supports added income from a jet ski rental business and an ice cream truck.
A state-issued submerged land lease transfers with the sale, ensuring valuable waterfront access to 149' of dockage.
Included in the sale is a 4-bedroom, 1-bath home located at the adjoining 1230 Overseas Hwy. This bonus parcel is perfect for employee housing, an owner's residence, or future redevelopment.
With high-visibility US1 frontage at the head of the Seven Mile Bridge, this property offers exceptional exposure and multiple revenue streams. Buyers can continue successful operations as-is or explore reconfiguration and redevelopment options to unlock the full potential of this unmatched offering.
Elizabeth Jolin
Coldwell Banker Schmitt Real Estate Co.