$3,850,000
Key West, FL 33040
MLS# 598514
Status: Closed
6 beds | 4 baths | 7468 sqft
1 / 77
Property Description
Incredible investment opportunity in the Heart of downtown Key West to own an entire building home to a well-established bar that includes a highly sought after FULL 5 COP LIQUOR LICENSE which includes package liquor sales! 2 Commercial Units are downstairs, the BottleCap Lounge & a small commercial kitchen home to Frank's Kitchen, a TO-GO kitchen with no seating or hood fan. Frank's runs food over to BottleCap patrons which is a bonus. The concrete building is 7468 sft of internal area & 1298 sft of patio & walkways. Upstairs are 4 residential apartments --- 2 two bedrooms / one bath & 2 one bedroom / one bath. The BottleCap has tremendous history dating back to 1934 when it was first established. It consists of a separate cozy bar with a pool table & leads through to an enormous airconditioned lounge and games room that boasts a gorgeous long bar with a cool vibe, pool tables, games, a DJ Booth, a dance floor, state of the art light system with lasers, excellent surround sound system & updated bathrooms. Both lead out to an outdoor patio with lots of seating & a counter-top bar to watch the passersby. The BottleCap is frequented by locals, famous artists & tourists wanting to escape the craziness of Duval St & meet locals. The location is ideal being on the corner of Simonton St & Catherine St & only one block from Duval. It sits in the corridor between the larger hotels on the south side of the island & famous Duval St. This is a fantastic opportunity to purchase an entire building in an ideal location, X Flood Zone with apartments above and a well-established bar below. There is significant untapped potential for enormous growth for the savvy investor or owner-operator.
Details
Maps
Contract Information
Listing Board: Key West Association
Limited Representation: No
Potential Short Sale: No
Bank Owned: No
Current Price: $3,850,000
Listing Date: 2021-11-16
Sold Price: $3,850,000
Location, Tax & Legal
KW Neighborhood: Old Town-S of Truman
City: KEY WEST
Mile Marker: 1
Marathon Neighborhood: N/A
Side: N/A
Flood Zone: 0.2 PCT ANNUAL CHANC
Alternate Key #: 1028380
Parcel #: 00027600-000000
Zoning: HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med
Legal: KW PT LOT 1 SQR 5 TR 11 G48-60/61
Taxes: 15496.55
Tax Year: 2020
Street #: 1128
Street Name: Simonton
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Subdivision: Old Town - Unlisted (1.0)
County: Monroe
Area: 02 - Key West
General Property Description
Realtor.COM Type: Commercial
Waterfront: No
Control Depth: 0
Lot Size: 51.33 x 100
Lot SqFt: 5133
Business Name: Bottlecap
Year Established: 1934-01-01
# Parking Spaces: 3
# Stories: 2
SqFt Source: Property Data Card
Total # Buildings: 1
Building SqFt: 7468
Style: Commercial
Living Apx SqFt: 7468
Year Built: 1983
Total Bedrooms: 6
Full Baths: 4
Total Baths: 4
Remarks & Misc
Remarks – Consumer: Incredible investment opportunity in the Heart of downtown Key West to own an entire building home to a well-established bar that includes a highly sought after FULL 5 COP LIQUOR LICENSE which includes package liquor sales! 2 Commercial Units are downstairs, the BottleCap Lounge & a small commercial kitchen home to Frank's Kitchen, a TO-GO kitchen with no seating or hood fan. Frank's runs food over to BottleCap patrons which is a bonus. The concrete building is 7468 sft of internal area & 1298 sft of patio & walkways. Upstairs are 4 residential apartments --- 2 two bedrooms / one bath & 2 one bedroom / one bath. The BottleCap has tremendous history dating back to 1934 when it was first established. It consists of a separate cozy bar with a pool table & leads through to an enormous airconditioned lounge and games room that boasts a gorgeous long bar with a cool vibe, pool tables, games, a DJ Booth, a dance floor, state of the art light system with lasers, excellent surround sound system & updated bathrooms. Both lead out to an outdoor patio with lots of seating & a counter-top bar to watch the passersby. The BottleCap is frequented by locals, famous artists & tourists wanting to escape the craziness of Duval St & meet locals. The location is ideal being on the corner of Simonton St & Catherine St & only one block from Duval. It sits in the corridor between the larger hotels on the south side of the island & famous Duval St. This is a fantastic opportunity to purchase an entire building in an ideal location, X Flood Zone with apartments above and a well-established bar below. There is significant untapped potential for enormous growth for the savvy investor or owner-operator.
Directions: corner of Simonton St. and Catherine St. across from Camille's Restaurant and First State Bank.
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
License Info
5-Cop (Transferable): 1
Type
Apartment 3 or more: 1
Bar: 1
Restaurant: 1
Fee Includes
None: 1
Dockage
None: 1
Appliances
Dishwasher: 1
Dryer: 1
Range: 1
Refrigerator: 1
Washer: 1
Property Info
1 Bed/Bath: 2
2 Bed/Bath: 2
Cooling
Central Air: 1
Waterfront
None: 1
Waterview
No Waterview: 1
Floor
Tile: 1
Wood: 1
Windows/Doors
Impact Rstnce Window: 1
Construction
CBS: 1
Land Size
Less Than 1/4 Acre: 1
Terms
No Seller Finance: 1
Utilities
FKAA: 1
Municipal Sewer: 1
Roof
Tile Roof: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Sold Date: 2022-02-17
Sold Price: $3,850,000
Status: Closed
Property Features
License Info: 5-Cop (Transferable)
Type: Apartment 3 or more; Bar; Restaurant
Waterfront: None
Waterview: No Waterview
Dockage: None
Cooling: Central Air
Utilities: FKAA; Municipal Sewer
Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer
Construction: CBS
Floor: Tile; Wood
Roof: Tile Roof
Land Size: Less Than 1/4 Acre
Fee Includes: None
Terms: No Seller Finance
Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty
Last Updated: October - 03 - 2025
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