$1,550,000
Key West, FL 33040
MLS# 597872
Status: Closed
2 beds | 5 baths | 3161 sqft
1 / 40
Property Description
MIXED USE owner occupied or investment opportunity offering turn key restaurant with 2nd floor 2-bedroom, 2-bathroom apartment located in the heart of Old Town, Key West. The possibilities are endless with over 3000sqf of indoor & outdoor dining that provide the opportunity to host a casual or formal dining experience at an established and local favorite neighborhood location with heavy foot traffic from hungry residents, snowbirds and tourists. A Large dreamy Chef's kitchen includes multiple cooking zones, large walk-in cooler, ample storage and separate entrance with off street parking for receiving deliveries and keeping waste out of site. The restaurant is licensed for 97 seats and includes all equipment, fixtures and furnishings. Recent renovations include updates to kitchen, dining rooms, garden patios and a new roof. Current Fire Marshal approved Occupancy load meets DPBR requirements for a 5-COP Liquor License. Buyer to verify and re-apply.
Details
Maps
Documents
Contract Information
Current Price: $1,550,000
Listing Date: 2021-09-26
Listing Board: Key West Association
Leased Price Monthly: $1,550,000
Limited Representation: No
As is Rght to Inspct: Yes
For Sale/Lease: For Sale
Potential Short Sale: No
Bank Owned: No
Species List: No
Location, Tax & Legal
Street #: 532
Street Name: Margaret
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
Style: Commercial
Lot Size: 5000
Lot SqFt: 4974
Waterfront: No
Off Street Parking: 1
# Stories: 2
Building SqFt: 2368
SqFt Source: Appraisal
Living Apx SqFt: 3161
Total Units: 2
Year Built: 1958
Total Bedrooms: 2
Full Baths: 2
Half Baths: 3
Total Baths: 5
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Appliances
Other: Commercia Equipment
Vehicle Storage
Car(s): 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Under Contract Date: 2021-12-06
Leased Date: 2021-12-16
Leased Price Monthly: $1,550,000
Status: Closed
Property Features
Deed Restrictions: Unknown
Type: Bar; Office Buildings; Other Comrcl Style; Restaurant; Other Services
Waterfront: None
Waterview: No Waterview
Dockage: None
Vehicle Storage: Off Street Parking
Cooling: Ceiling Fans(s); Central Air
Utilities: Buyer to Verify; FKAA; Municipal Sewer; Propane; Separate Meters
Interior Features: Other
Miscellaneous: Fencing; Handicap Access; Patio
Construction: CBS; Combo Construction
Floor: Combo; Concrete; Laminate; Other
Roof: Combo Roof; Gutters; Metal Roof; Other Roof
Land Size: Less Than 1/4 Acre
Fee Includes: None
Terms: Buyer Obtain Finance
Property Rights: Multi-Use/Commercial
Elevation Certificate 
Listing Office: Coastal Collection Real Estate Inc.
Last Updated: April - 30 - 2025
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