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532 Margaret Street

Key West, FL 33040
  • $2,950,000
  • STATUS: Active
  • ON SITE: 336 Days
  • MLS #: 615015
UPDATED: 24 min ago
$2,950,000
  • 1
    BEDS
  • 0.11
    ACRES
  • 1
    BATHS
  • 2
    1/2 BATHS
  • 2,490
    SQFT
  • $1,185
    $/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 Keys Home Network are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.keyshomenetwork.com/homes/163748952
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532 Margaret Street Key West, FL 33040

  • Price: $2,950,000
  • Status: Active
  • On Site: 336 Days
  • Updated: 24 min ago
  • MLS #: 615015
1
Beds
1
Baths
2
½ Baths
0.11
Acres
2,490
SQFT
$1,185
$/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 Materials CBSCombo Construction Dockage None Exterior Features [] Parking Features [] Parking Spaces 1 Stories 2 View [] Waterview No Waterview Window Features []

Interior Features

Appliances [] Appliances Other Commercial Kitchen Cooling [] Flooring [] Interior Features []

Property Features

Association Fee Includes None Association YN No Association1st Right Of Refusal No Bank Owned No Business Type Restaurant Control Depth 0 Electric [] Flood Zone AE For Sale Lease For Sale Frontage Type [] KWNeighborhood Old Town-N of Truman Land Size Less Than 1/4 Acre Listing Terms [] Marathon Nbhd N/A Mile Marker 1 Off Shore Island YN No Potential Short Sale No Property Sub Type Commercial Special Licenses [] Tax Annual Amount 12930.38 Tax Legal Description 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 Tax Year 2024 Tenant Pays [] Utilities [] Utilities Info FKAAMunicipal Sewer Waterfrnt No Waterfront None Waterfront Features [] Waterfront YN No 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 Keys Home Network are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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Keys Home Network
333 Fleming Street
Key West FL, 33040