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532 Margaret Street

Key West, FL 33040
  • $2,060,000
  • STATUS: Active
  • ON SITE: 30 Days
  • MLS #: 597872
UPDATED: 151 min ago
$2,060,000
  • 2
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 3
    1/2 BATHS
  • 2,368
    SQFT
  • $870
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1958
County:

School Ratings & Info

Description

Seize the opportunity to purchase this established Restaurant location nestled amongst Local residents and Vacation Homes in the Historic District . This Beautiful Old Town Location is within walking distance from famous Duval St. and The Seaport which offers residential foot traffic and is easily accessible by car with two way traffic with on street parking for travelling patrons. Restaurant is licensed by the City of Key West for 97 seats and being sold as is which includes all equipment, fixtures and furnishings. The additional and separately metered 2nd floor commercial space, currently configured as two 1 bedroom 1 bath apartments/Office suites, can be utilized as a private office or rented for additional income. A Recent $140K + renovation includes a new roof and over 3000sqf of renovated updates which include 2 interior dining rooms with surrounding French doors and windows allowing natural light to fill the space with modern concrete flooring throughout , and 2 outdoor garden patio's with updated decking, a large bar that seats up to 10 with service station, resurfaced water fountain and ADA Compliant facilities. The large 3161 gross sqf floor plan allows for an effortless flow and efficient service.A Large dreamy Chef's kitchen offers multiple cooking zones, large walk in cooler, central AC and separate entrance with off street parking for receiving deliveries and keeping waste out of site. Restaurant is wired and ready to receive trending TOAST service stations, surround sound and is camera ready! Current Fire Marshal approved Occupancy load meets DPBR requirements for a 5-COP Liquor License. Buyer to verify and re-apply.

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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 Better Homes and Gardens Real Estate / Destinations are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.yourfloridakeyshome.com/homes/121811921
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532 Margaret Street Key West, FL 33040

  • Price: $2,060,000
  • Status: Active
  • Updated: 151 min ago
  • MLS #: 597872
2
Beds
0
Baths
3
½ Baths
0.11
Acres
2,368
SQFT
$870
$/SQFT
1958
Built
Neighborhood:
Old Town-N Of Truman
County:
Monroe
Area:
03 - Key West
Property Description
Seize the opportunity to purchase this established Restaurant location nestled amongst Local residents and Vacation Homes in the Historic District . This Beautiful Old Town Location is within walking distance from famous Duval St. and The Seaport which offers residential foot traffic and is easily accessible by car with two way traffic with on street parking for travelling patrons. Restaurant is licensed by the City of Key West for 97 seats and being sold as is which includes all equipment, fixtures and furnishings. The additional and separately metered 2nd floor commercial space, currently configured as two 1 bedroom 1 bath apartments/Office suites, can be utilized as a private office or rented for additional income. A Recent $140K + renovation includes a new roof and over 3000sqf of renovated updates which include 2 interior dining rooms with surrounding French doors and windows allowing natural light to fill the space with modern concrete flooring throughout , and 2 outdoor garden patio's with updated decking, a large bar that seats up to 10 with service station, resurfaced water fountain and ADA Compliant facilities. The large 3161 gross sqf floor plan allows for an effortless flow and efficient service.A Large dreamy Chef's kitchen offers multiple cooking zones, large walk in cooler, central AC and separate entrance with off street parking for receiving deliveries and keeping waste out of site. Restaurant is wired and ready to receive trending TOAST service stations, surround sound and is camera ready! 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 4974 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 2.00 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 Better Homes and Gardens Real Estate / Destinations are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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Better Homes and Gardens Real Estate / Destinations
99353 Overseas Hwy
Key Largo FL, 33037