11400 Overseas Highway 116,MARATHON, FL 33050
MARATHON, FL 33050
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.
Details
| MLS # | 620752 |
|---|---|
| Listing Type | For Sale |
| Style | Business Opportunity |
| Building Name | Frank's Grill |
| Sub-Type | Resale |
| Status | Active |
| Year | 1973 |
| Days On Site | 29 |
| Listing Provided By | Coldwell Banker Schmitt Real Estate Co. | Joshua James Mothner |
Features
| SQ Feet | 1,350 |
|---|---|
| Story(s) | 1 |
| Units | 3 |
| Zoning | MU - Mixed Use Commercial Mixed |
| Acreage | 0.98 |
| Property View | None |
Area Information
| State | FL |
|---|---|
| County | Monroe |
| City | MARATHON |
| Zip Code | 33050 |
| Area | 15 Sombrero Bch Rd to Vaca Cut Gulfside |
| Community Name | Key Colony Sub (53.0) |
| Listing VS Median (in Key Colony Sub (53.0)) | |
Price: $489,000 low | high Med: $1,249,500 sqft: 1,350 low | high Med: 1,317 $ / sqft: $362 low | high Med: $956 On site: 29 low | high Med: 240.5 | |
Market Activity 33050
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The data relating to real estate for sale on this web site come s in part from the Internet Data Exchange program of the Marathon and Lower Keys Association of REALTORS®, Inc. MLS. Real Estate listings held by brokerage firms other than Key Colony Beach Realty, Inc. are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office.
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Learn More About This Property
| State | FL |
|---|---|
| County | Monroe |
| City | MARATHON |
| Zip Code | 33050 |
| Area | 15 Sombrero Bch Rd to Vaca Cut Gulfside |
| Community Name | Key Colony Sub (53.0) |
| Listing VS Median (in Key Colony Sub (53.0)) | |
Price: $489,000 low | high Med: $1,249,500 sqft: 1,350 low | high Med: 1,317 $ / sqft: $362 low | high Med: $956 On site: 29 low | high Med: 240.5 | |
