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Listed by Team Gardner/Langley Berkshire Hathaway HomeServices Knight & Gardner Realty
$2,950,000
Est. payment /mo
1 Bed
3 Baths
2,490 SqFt
Active
532 Margaret ST Key West, FL 33040
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Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,490 sqft
Price per Sqft $1,184
Subdivision Old Town - Unlisted (1.0)
MLS Listing ID 615015
Bedrooms 1
Full Baths 1
Half Baths 2
HOA Y/N No
Year Built 1958
Annual Tax Amount $12,930
Tax Year 2024
Lot Size 4,974 Sqft
Acres 0.11
Lot Dimensions 53 x 65.5
Property Sub-Type Commercial
Land Area 2490
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.
Location
State FL
County Monroe
Area 02 - Key West
Zoning HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med
Interior
Appliance Other
Exterior
Utilities Available FKAA, Municipal Sewer
Waterfront Description None
Garage No
Building
Story 2
Level or Stories 2
Others
HOA Fee Include None
Tax ID 00008110-000000
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