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11400 Overseas Highway 116, Marathon, FL 33050

$489,000
Property Type: Business Opportunity Square Footage: 1,350 Lot Size (sq. ft.): 42,570 Status: Active
Current Price: $489,000 List Date: 7/27/2026 Last Modified: 7/28/2026

Description

One of Marathon's most iconic restaurants is now available for sale -- a rare chance to own and operate what many consider the best restaurant in the Florida Keys. Frank's Grill has operated at its current location since 2006, when the owner/chef relocated from what was previously regarded as one of Marathon's premier dining destinations. Today, Frank's Grill serves as the anchor tenant of Towne Square Mall, one of Marathon's busiest shopping plazas -- home to a steady flow of daily foot traffic and anchored further by a U.S. Post Office. This sale includes all FF&E (furniture, fixtures & equipment), current inventory, and proprietary recipes/assets. Walk in and start operating day one. Property & Licensing: • Seating: 47 inside / 10 outside (57 total) • 2COP Beer & Wine license currently in place Lease Terms: • New 5-year lease signed May 1, 2026 • Tenant option to renew after year 3 (subject to Assignment approval) With nearly two decades of brand recognition, a loyal local following, and an unbeatable high-traffic location, the goodwill alone in this business justifies the asking price. Opportunities to acquire an institution like Frank's Grill rarely come to market.

More Information MLS# 620752

Contract Information

Current Price: $489,000 Sub Type: Business Opp No-Real Estate Listing Date: 2026-07-26 Listing Board: Marathon/Lower Keys List Price: $489,000 Amount of Rent: 3150 Limited Representation: No

Location Tax Legal

Street #: 11400 Street Name: Overseas Street Suffix: Highway Key/Island: Marathon State/Province: FL Zip Code: 33050 Subdivision: Key Colony Sub (53.0) County: Monroe Area: 15 - Sombrero Bch Rd to Vaca Cut Gulfside

General Property Description

Realtor.COM Type: Commercial Style: Business Opportunity Lot Size: X Lot SqFt: 42570 Waterfront: No Business Type: Full Svc Restaurant Business Name: Frank's Grill Year Established: 2006-06-09 Off Street Parking: Yes # Stories: 1 Building SqFt: 1350 SqFt Source: Seller Living Apx SqFt: 1350 Total Units: 3 Year Built: 1973

Status Change Info

Status: Active

Business Info

Time left on Lease: 5 years

Property Features

Type: Restaurant Cooling: Central Air Heating: Central Furnishings: Turnkey Finished Building Style: Ground Level Construction: CBS Dockage: None View: None Waterview: None Liquor License: 2 Cop (Beer & Wine) Miscellaneous: High Traffc Location; Loading Dock Show: Other - See Remarks Tenant Paid: Electric; Garbage; Gas; Insurance; Water Terms: Seller Finance Psble
Listing Office: Coldwell Banker Schmitt Real Estate Co.
Last Updated: July - 28 - 2026
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.

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