1240 Overseas Hwy

For Sale

1240 Overseas Hwy, MARATHON, FL 33050

This MARATHON property for sale is located at 1240 Overseas Hwy. The current listed sale price for 1240 Overseas Hwy is $3,500,000.

Contacts

broker
Elizabeth Jolin

Coldwell Banker Schmitt Real Estate Co.

Property Details

  • Property Type Other
  • # of Floors 1
  • Year Built 1976
  • Date Updated Sep 6, 2025
Multi-Parcel Waterfront Offering - Iconic 7 Mile Grill. This rare multi-parcel package in Marathon, FL 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.
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Getting around

  • 34/100

    Walk Score ®

  • 77/100

    Bike Score ®

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Location

  • City MARATHON, FL
  • Neighborhood Riggs
  • Zip Code 33050

Points of Interest

  • Mobil

    0.17 miles

  • Racetrac

    1.47 miles

  • Tom Thumb

    2.37 miles

  • Exxon

    2.73 miles

  • Valero

    3.26 miles

  • Tesla Supercharger

    4.20 miles

  • Citgo

    4.96 miles

  • Shell

    5.01 miles

  • Chevron

    8.87 miles

  • Walgreens

    4.87 miles

  • The Hammocks at Marathon

    0.33 miles

  • Faro Blanco Resort & Yacht Club

    0.44 miles

  • Courtyard Marathon Florida Keys

    0.58 miles

  • Knight's Key Inn

    0.72 miles

  • Hawks Nest Marathon

    0.75 miles

  • Skipjack Resort and Marina

    1.97 miles

  • Sea Dell Motel

    2.05 miles

  • Tropical Cottages

    2.68 miles

  • The Reef at Marathon

    2.97 miles

  • Kingsail Motel

    3.11 miles

  • Isla Bella Market

    0.58 miles

  • Publix

    2.29 miles

  • Winn-Dixie

    2.47 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Elizabeth Jolin

Coldwell Banker Schmitt Real Estate Co.

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