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532 Margaret Street

Key West, FL 33040
  • $3,950,000
  • STATUS: Active
  • ON SITE: 34 Days
  • MLS #: 615015
UPDATED: 61 min ago
$3,950,000
  • 1
    BEDS
  • 0.11
    ACRES
  • 1
    BATHS
  • 2
    1/2 BATHS
  • 2,490
    SQFT
  • $1,586
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1958
County:

School Ratings & Info

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.

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Bascom Grooms Real Estate are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.realtorkeywestfl.com/homes/163748952
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532 Margaret Street Key West, FL 33040

  • Price: $3,950,000
  • Status: Active
  • On Site: 34 Days
  • Updated: 61 min ago
  • MLS #: 615015
1
Beds
1
Baths
2
½ Baths
0.11
Acres
2,490
SQFT
$1,586
$/SQFT
1958
Built
Neighborhood:
Old Town-N Of Truman
County:
Monroe
Area:
02 - Key West
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.
Exterior Features

Construction CBSCombo Construction Dockage None Land Size Less Than 1/4 Acre Lot Size 53 x 65.5 Parking Spaces 1 Side Median Style Commercial Waterfront None Waterfront YN No Waterview No Waterview

Interior Features

Appliances Other Commercial Kitchen Net Leasable Area 2490.00

Property Features

Assoc Hoa YN No Assoc Right Of Refusal No Bank Owned No Bank Owned Financial Status No City KEY WEST Commercial Type Restaurant Control Depth 0 Fee Includes None Fema List No Flood Zone AE Key West Neighborhood Old Town-N of Truman Legal KW PT LOT 1 SQR 47 OR520-1006 OR823-2116 OR842-147 OR1250-1952 OR1418-793 OR1481-1072 OR2780-961 OR2906-697 OR2911-534 O Listing Board Key West Association Mile Marker 1.00 Off Shore Island No Potential Short Sale No Potential Short Sale Financial Status No Property Type Commercial Sq Ft Source Survey Tax Year 2024 Taxes 12930.38 Total Units 0.00 Utilities FKAAMunicipal Sewer Zoning HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med

Listing courtesy of Team Gardner/Langley of Berkshire Hathaway HomeServices Knight & Gardner Realty: .


The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Bascom Grooms Real Estate are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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Bascom Grooms Real Estate
1110 Truman Ave
Key West FL, 33040