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$279,000
Marathon, FL 33050
MLS# 620752
1350 sqft
1 / 16
Property 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
Maps
Contract Information
Sub Type: Business Opp No-Real Estate
Listing Board: Marathon/Lower Keys
Amount of Rent: 3150
Limited Representation: No
Current Price: $279,000
Listing Date: 2026-07-26
List Price: $279,000
Location, Tax & Legal
Unit #: 116
City: MARATHON
Mile Marker: 53
Marathon Neighborhood: Marathon East - Gulf (Airport to Vaca)
Side: Bay/Gulf
Alternate Key #: 1412538
Parcel #: 00334860000000
Zoning: MU - Mixed Use Commercial Mixed Use
Legal: Key Colony Subdivision No 3 Pb4-10 Key Vaca Lots 2 17 And18 Less S'ly 7' And Half Vacated Alley Or448-566 Or507-302 Or56
Taxes: 0
Tax Year: 2025
Street #: 11400
Street Name: Overseas
Street Suffix: Highway
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
Subdivision: Key Colony Sub (53.0)
County: Monroe
Area: 15 - Sombrero Bch Rd to Vaca Cut Gulfside
General Property Description
Realtor.COM Type: Commercial
Waterfront: No
Lot Size: X
Lot SqFt: 42570
Business Type: Full Svc Restaurant
Business Name: Frank's Grill
Total Units: 3
Year Established: 2006-06-09
Off Street Parking: Yes
# Stories: 1
SqFt Source: Seller
Building SqFt: 1350
Style: Business Opportunity
Living Apx SqFt: 1350
Year Built: 1973
Remarks & Misc
Remarks – Consumer: 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.
Directions: 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
Type
Restaurant: 1
Business Info
Time left on Lease: 5 years
Dockage
None: 1
Cooling
Central Air: 1
Heating
Central: 1
Furnishings
Turnkey Finished: 1
Waterview
None: 1
View
None: 1
Building Style
Ground Level: 1
Construction
CBS: 1
Terms
Seller Finance Psble: 1
Porch/Balcony
Patio: 1
Show
Other - See Remarks: 1
Miscellaneous
High Traffc Location: 1
Loading Dock: 1
Business Opp
City: 1
Tenant Paid
Electric: 1
Garbage: 1
Gas: 1
Insurance: 1
Water: 1
Liquor License
2 Cop (Beer & Wine): 1
Status Change Info
Status: Active
Property Features
Type: Restaurant
Cooling: Central Air
Heating: Central
Furnishings: Turnkey Finished
Building Style: Ground Level
Construction: CBS
Dockage: None
View: None
Waterview: None
Liquor License: 2 Cop (Beer & Wine)
Miscellaneous: High Traffc Location; Loading Dock
Show: Other - See Remarks
Tenant Paid: Electric; Garbage; Gas; Insurance; Water
Terms: Seller Finance Psble
Listing Office: Coldwell Banker Schmitt Real Estate Co.
Last Updated: July - 27 - 2026
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