Skip To Content

532 Margaret Street

Key West, FL 33040
  • $2,060,000
  • STATUS: Active Under Contract
  • ON SITE: 70 Days
  • MLS #: 597872
Under Contract
UPDATED: 47 min ago
$2,060,000
  • 2
    BEDS
  • 0.11
    ACRES
  • 2
    BATHS
  • 3
    1/2 BATHS
  • 2,368
    SQFT
  • $870
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1958
County:

School Ratings & Info

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.

Monthly Payment Calculator



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 Key West Vacation Properties & Realty are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.propertyinkeywest.com/homes/121811921
Print Image

532 Margaret Street Key West, FL 33040

  • Price: $2,060,000
  • Status: Active Under Contract
  • On Site: 70 Days
  • Updated: 47 min ago
  • MLS #: 597872
2
Beds
2
Baths
3
½ Baths
0.11
Acres
2,368
SQFT
$870
$/SQFT
1958
Built
Neighborhood:
Old Town-N Of Truman
County:
Monroe
Area:
02 - Key West
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.
Exterior Features

Construction CbsCombo Construction Dockage None Land Size Less Than 1/4 Acre Lot Size 5000 Miscellaneous FencingHandicap AccessPatio Off Street Parking 1 Roof Combo RoofGuttersMetal RoofOther Roof Side N/A Style Commercial Vehicle Storage Off Street Parking Vehicle Storage Cars 1 Waterfront None Waterfront YN No Waterview No Waterview

Interior Features

Appliances Other Commercia Equipment Cooling Heating Ceiling FansCentral A/C Floor ComboConcreteLaminateOther Floors Interior Features Other Net Leasable Area 3161.00 Windows Doors French DoorsOther Windows/DoorsSingle Hung Windows

Property Features

Assoc Hoa YN No Assoc Right Of Refusal No Bank Owned No Bank Owned Financial Status No City Key West Commercial Type BarOffice BuildingsOther Comrcl StyleOther ServicesRestaurant Control Depth 0 Deed Restrictions Unknown Fee Includes None Fema List No Flood Zone Ae Key West Neighborhood Old Town-N Of Truman Listing Board Key West Association Mile Marker 1.00 Off Shore Island No Potential Short Sale No Potential Short Sale Financial Status No Property Rights Multi-Use/Commercial Property Type Commercial Sq Ft Source Appraisal Tax Year 2020 Taxes 8857.77 Terms Buyer Obtain Finance Total Units 2.00 Utilities Buyer To VerifyFkaaMunicipal SewerPropaneSeparate Meters Zoning Hnc(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med

Listing courtesy of Bernice Schafer of Coastal Collection Real Estate Inc..



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 Key West Vacation Properties & Realty are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
https://bt-photos.global.ssl.fastly.net/flkeys/1280_boomver_1_597872-2.jpg https://bt-photos.global.ssl.fastly.net/flkeys/1280_boomver_1_597872-2.jpg https://bt-photos.global.ssl.fastly.net/flkeys/1280_boomver_1_597872-2.jpg
Logo
Key West Vacation Properties & Realty
915 Eisenhower Drive
Key West FL, 33040