139 Seaside Avenue, Key Largo, FL 33037
$9,000,000
Property Type:
Commercial Sale
Bedrooms:
5
Baths:
7
Square Footage:
6,740
Lot Size (sq. ft.):
103,364
Status:
Closed
Current Price:
$9,000,000
List Date:
5/05/2023
Last Modified:
8/31/2026
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.
More Information MLS# 602684
Contract Information
Current Price: $9,000,000
Listing Date: 2022-10-06
Listing Board: Key West Association
Sold Price: $9,000,000
Limited Representation: No
Potential Short Sale: No
Bank Owned: No
Location Tax Legal
Street #: 139
Street Name: Seaside
Street Suffix: Avenue
Key/Island: Key Largo
State/Province: FL
Zip Code: 33037
Subdivision: Seaside Sub (94.5)
County: Monroe
Area: 26 - Key Largo S of MM 96.9
General Property Description
Realtor.COM Type: Commercial
Style: Commercial
Lot Size: 2.37 ac
Lot SqFt: 103364
Waterfront: Yes
Control Depth: 5
Business Name: Snappers Key Largo
Year Established: 1960-01-01
# Parking Spaces: Ample
Off Street Parking: Ample
# Stories: 2
Total # Buildings: 3
Building SqFt: 6740
SqFt Source: Property Data Card
Living Apx SqFt: 6740
Total Units: 6
Year Built: 1958
Total Bedrooms: 5
Full Baths: 5
Half Baths: 2
Total Baths: 7
Status Change Info
Under Contract Date: 2024-03-20
Sold Date: 2024-03-21
Sold Price: $9,000,000
Sold Comments: Great job RE/MAX All Keys Commercial Team
Status: Closed
License Info
# of Transient Licns: 4
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Property Info
# Boat Slips: 12
# Kitchens: 1
# Efficiencies: 4
Dockage
Seawall: Concrete
Vehicle Storage
Car(s): 4+
Auction Info
Auction: No
Financial Status
Bank Owned: No
Potential Short Sale: No
Property Features
License Info: SRX (Non-Transferab)
Type: Apartment 3 or more; Bar; Marina; Restaurant
Waterfront: Oceanfront
Waterview: Ocean View
Dockage: Boat Slip; First Come Dock; Other Dockage
Vehicle Storage: Guest Parking; Off Street Parking
Cooling: Ceiling Fans(s); Central Air
Utilities: FKAA; Municipal Sewer; Propane
Interior Features: Furnished
Miscellaneous: High Traffc Location; High Visibility; Highway Frontage; Open Water View
Construction: CBS; Frame
Electric: Circuit Breakers; Three Phase
Land Size: 2 Less Than 5 Acres
Fee Includes: None
Terms: No Seller Finance
Title: Negotiable
Property Rights: Beverage License; Transient License
Confidential and Non-Discloser Agreement ›Listing Office: RE/MAX Keys Connection (KW)
Last Updated: August - 31 - 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.