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
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