








































































Landmark Restaurant & Bar & Banquet Hall 700 West Ocean Drive, Key Colony Beach, FL 33051
Property Description
Prime trophy property on Key Colony Beach now for sale. This landmark & well known Restaurant and Bar has been owned, and in the past operated, by the same owner since 1990. Large 1.27 Acre lot in the heart of Key Colony Beach is very visible and has ample parking for customers and employees with 312' of frontage on W. Ocean Dr. There are two free-standing buildings on site. The main building houses the Restaurant, Bar and Banquet Hall & totals 8,436 sf. of finished sq. ft. Second building totals 2,790 sf. and has another kitchen and work areas that are somewhat unused. This is a whopping total of 11,226 sf. of finished sq. ft. for both buildings which is extremely hard to find anywhere in the Keys. Existing State Food Service License for 150- 249 Seats, KCB Cafe/Restaurant License for 150 Seats and a full liquor 5-COP-SRX liquor license that is non transferrable. Also, there is a 2b/1 ba apartment on the 2nd floor. There is an opportunity to fully utilize the building by adding Catering and more Special Events, Weddings, Parties, Meetings, etc. Zoning on Key Colony Beach is B-1, Neighborhood Business District which does allow for many Commercial uses. Property is currently leased and existing business and F, F & E not included at this time. See List Broker for details. In addition to this parcel, there is an adjoining 28,205 sf. Vacant Land parcel that may or may not be included. Roughly 147' x 191' rectangle shape. Zoning in this parcel is R-3, Multi -Unit Residential and may allow for up to 5 units to be built. Note KCB is ROGO Exempt. MLS# 613589 Price for this vacant lot is an additional $1 Million. Seller may consider Owner Financing to a Qualified & Creditworthy Buyer at Owners sole discretion.
Area Description
In addition to this parcel, there is an adjoining 28,205 sf. Vacant Land parcel that may or may not be included.
Highlights
Prime trophy property on Key Colony Beach, Catering & Special Events offer opportunities for growth, Adjoining 28,205 SF vacant land parcel is available for an additional $1 million, 1.27-acre lot features 312' of frontage
on W. Ocean Drive
Full Address: 700 West Ocean Drive, Key Colony Beach, FL 33051
Listing Type: FOR SALE
Status: Active
Zoning: B - 1 - Key Colony Business Res
Region: S-SE
County: Monroe County
Use Type: Restaurant & Banquet Hall
Property ID: 4069702
Building Construction: C.B.S.
Building Sf: 11226
Parcel Num: 00074740-000000
Number Units: 1
Number Buildings: 2
Year Built: 1968
Year Renovation: 1990
Free Standing: Yes
Commission Comments: COOPERATIVE COMMISSIONS OR 25% REFERRAL FEES WITH NO HASSLE TO BROKERS!
Tenancy Type: Single-Tenant
Prime trophy property on Key Colony Beach, Catering & Special Events offer opportunities for growth, Adjoining 28,205 SF vacant land parcel is available for an additional $1 million, 1.27-acre lot features 312' of frontage
on W. Ocean Drive