$2,160,000
Key West, FL 33040
MLS# 615015
Status: Closed
1 beds | 3 baths | 2490 sqft
1 / 41
Property Description
Completely remodeled from top to bottom, this turnkey restaurant in the heart of Old Town Key West offers a rare opportunity to own a fully updated and licensed 150-seat dining destination. Every inch of the property has been thoughtfully renovated, including brand-new electrical, plumbing, HVAC, flooring, lighting, and fixtures, creating a fresh, modern space that still captures the charm and character of historic Key West. The layout features expansive indoor-outdoor dining areas, a stylish full-service bar, and newly designed restrooms, all tailored for comfort, ambiance, and efficient flow. The commercial-grade kitchen is fully equipped with state-of-the-art appliances, ample prep space, and storage, making it ideal for high-volume service across a wide range of culinary concepts. Adding to its versatility, the property also includes a beautifully updated 1-bedroom, 1-bathroom apartment upstairs—perfect for on-site living, staff housing, or additional rental income.
Details
Maps
Contract Information
Current Price: $2,160,000
Listing Date: 2025-05-12
Listing Board: Key West Association
Leased Price Monthly: $2,160,000
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: 53 x 65.5
Lot SqFt: 4974
Waterfront: No
# Parking Spaces: 1
# Stories: 2
Building SqFt: 2490
SqFt Source: Survey
Living Apx SqFt: 2490
Year Built: 1958
Total Bedrooms: 1
Full Baths: 1
Half Baths: 2
Total Baths: 3
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Appliances
Other: Commercial Kitchen
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Under Contract Date: 2026-10-01
Leased Date: 2026-10-19
Leased Price Monthly: $2,160,000
Status: Closed
Property Features
Type: Restaurant
Waterfront: None
Waterview: No Waterview
Dockage: None
Utilities: FKAA; Municipal Sewer
Construction: CBS; Combo Construction
Land Size: Less Than 1/4 Acre
Fee Includes: None
Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty
Last Updated: October - 19 - 2026
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.