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Paul Tejera
Paul Tejera
(305) 393-2156paultejera@cbschmitt.com
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  • Coldwell Banker Schmitt Real Estate Co.
    85996 US Highway #1
    Islamorada, FL 33036
    (305) 393-2156
    paultejera@cbschmitt.com

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    $9,000,000
    Sold

    139 Seaside Avenue

    Key Largo, FL 33037
    5 beds | 7.00 baths | #602684
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    Type:Purchase
    Structure:Commercial
    Zone:Residential

    Description

    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.

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    Legal

    Notice: This listing provided courtesy of Florida Keys MLS (FLKEYSMLS). The information contained in this listings has not been verified by us or the MLS and should be verified by the parties interested.

    Last Updated: Yesterday at 9:54 PM. Source: FLKEYSMLS

    Provided By
    Listing Agent: Curtis A Skomp, CCIM (#kwa.1114), Email: cskomp@remax.net
    Listing Office: RE/MAX Keys Connection (KW) (#263510498)

    Provided By (Buyer)
    Buyer's Agent: Curtis Skomp (#kwa.1114)
    Buyer's Office: RE/MAX All Keys Real Estate (#1050685)

    Paul TejeraReal Estate Group
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