1,350 SqFt
1,350 SqFt
Key Details
Property Type Apartment
Sub Type Business Opportunity
Listing Status Active
Purchase Type For Sale
Square Footage 1,350 sqft
Price per Sqft $362
Subdivision Key Colony Sub (53.0)
MLS Listing ID 620752
Year Built 1973
Tax Year 2025
Lot Size 0.977 Acres
Acres 0.98
Lot Dimensions X
Property Sub-Type Business Opportunity
Land Area 1350
Property Description
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.
Location
State FL
County Monroe
Area 15 - Sombrero Bch Rd To Vaca Cut Gulfside
Zoning MU - Mixed Use Commercial Mixed Use
Direction US Highway 1 to 116th Street Gulf. Go North on 116th street and enter Towne Square Mall. Frank's Grill is in the Northeast corner of the plaza
Interior
Heating Central
Cooling Central Air
Exterior
View None
Porch Patio
Garage No
Building
Story 1
Level or Stories 1
Others
Tax ID 00334860000000
Miscellaneous High Traffic Location, Loading Dock
Acceptable Financing Seller Finance Psble
Listing Terms Seller Finance Psble