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    Key West, FL
    Conventional Restaurant

    Key West, FL Conventional Restaurants for Sale

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    Stock Island, FL Summerland Key, FL Big Pine Key, FL Cudjoe Key, FL
    10 properties
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    Mixed-Use Property With Restaurant
    Updated: Oct 4, 2025
    Mixed-Use Property With Restaurant

    405 Petronia Street, Key West, FL 33040

    $2,999,999
    1,596 sqft 0.05 AC lot
    Fully rented mixed‑use property with residential, office, and restaurant components
    2/2 residential component with two bedrooms and two bathrooms
    Detached restaurant structure included
    1,596 square feet on a 0.05‑acre lot
    HNC(1‑3) - Hist Nghborhd zoning
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    Mixed-Use Property with Detached Restaurant
    Updated: Oct 4, 2025
    Mixed-Use Property with Detached Restaurant

    405 Petronia Street, Key West, FL 33040

    $2,999,999
    1,596 sqft 0.05 AC lot
    1,596‑square‑foot mixed‑use property on a 0.05‑acre lot
    2/2 residential component alongside office space
    Detached restaurant included with the property
    Fully rented income‑producing asset
    Zoned HNC(1‑3) - Hist Nghborhd
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    Restaurant Condominium with Outdoor Seating
    Restaurant Condominium with Outdoor Seating

    1075 Duval Street, Key West, FL 33040

    $1,349,000

    Two combined condominium units include a dining area, commercial kitchen, and exterior seating area.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Downtown Restaurant and Bar
    Downtown Restaurant and Bar

    404 Southard Street 2, Key West, FL 33040

    $3,295,000
    4,892 sqft

    Large restaurant and bar currently leased, with a rebuild date of 2005 and more than three years remaining.

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    Restaurant Condominium with Outdoor Seating
    Restaurant Condominium with Outdoor Seating

    1075 Duval Street, Key West, FL 33040

    $1,349,000

    Two combined condominium units include a dining area, commercial kitchen, and outdoor seating.

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    Remodeled 150-Seat Restaurant
    Remodeled 150-Seat Restaurant

    532 Margaret Street, Key West, FL 33040

    $2,500,000
    2,490 sqft 0.11 AC lot

    Licensed dining property includes indoor-outdoor seating, a full-service bar, commercial kitchen, and an upstairs one-bedroom apartment.

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    Mobile Seafood Restaurant
    Mobile Seafood Restaurant

    1 Mundy The Pirate Seafood Way, Key West, FL 33040

    $150,000

    Licensed mobile operation serving local seafood throughout Key West and Stock Island, with shipping also available.

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    Restaurant Condominium with Outdoor Seating
    Restaurant Condominium with Outdoor Seating

    1075 Duval Street, #C1 & C2, Key West, FL 33040

    $1,349,000
    1,592 sqft

    Combined condominium units include a dining area, commercial kitchen, and outdoor seating.

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    Restaurant Building with In-Place Lease
    Restaurant Building with In-Place Lease

    1215 Duval Street, Key West, FL 33040

    $3,475,000

    Restaurant building for sale with an established, long-time restaurant tenant and a lease already in place.

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    Leased Restaurant and Bar Property
    Leased Restaurant and Bar Property

    2-404 Southard St, Key West, FL 33040

    $3,295,000

    Large restaurant and bar is currently rented on a triple-net basis with more than three years remaining on the lease.

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    Based on your search, we've compiled 14 Potential Opportunities for your consideration. Besides 10 Active listings in Key West, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Established Restaurant with Beer and Wine License
    Established Restaurant with Beer and Wine License

    116-11400 Overseas Hwy, Marathon, FL 33050

    $489,000

    Operating restaurant business with furnishings, equipment, inventory, recipes, and an existing beer and wine license.

    View details
    Restaurant Space in Mall Plaza
    Restaurant Space in Mall Plaza

    11400 Overseas Highway 116, Marathon, FL 33050

    $489,000

    Restaurant space located in the northeast corner of Towne Square Mall, off 116th Street Gulf along U.S. Highway 1.

    View details
    Leased Restaurant and Office Property
    Leased Restaurant and Office Property

    24171 Overseas Highway, Summerland Key, FL 33042

    $1,600,000

    Existing restaurant and office improvements operate under SC - Sub Urban Commercial District zoning with leases in place.

    View details
    25-Room Hotel with Restaurant
    25-Room Hotel with Restaurant

    Summerland Key, FL 33042

    $12,250,000

    Hospitality property combining lodging, dining, licensed beverage operations, and a dive business.

    View details

    Key West, FL Conventional Restaurants Market Trends and Statistics

    Explore 10 conventional restaurants for sale in Key West, FL, showcased through 10 active listings on our real estate platform. These investment opportunities span a total of 12,166 square feet of properties for sale, with an estimated market value of $22,761,998.

    Sale prices for conventional restaurants in Key West, FL start at $150,000, averaging $2,276,199, and reaching up to $3,475,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 12
    Bars & Pubs 9
    Commercial kitchens 4
    Drive through restaurants 1

    Demographics Overview

    Population 36K
    Population Growth (5Y) +3.8%
    Median Household Income $79,038
    College Educated 17.6%

    High-Yield Neighborhoods for Investment

    Identify Key West submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    33040 $2.4M

    Taxes & Financing

    Tax Rate (average for all types) 0.71%
    Property Tax per SF $10.90 per SF
    Tax Rate vs County Average 0.03 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Monroe County

    New Delisted

    Total CRE Inventory on Market (SF)

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    Popular Searches in Key West, FL

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    Most Searched ZIP Codes in Key West, FL

    • 33040

    Featured Key West Real Estate Agencies

    Realmo connects you with licensed Key West CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Berkshire Hathaway Keys Real Estate | Knight & Gardner Realty
    336 Duval St Key West, FL 33040
    Phone: 13052945155
    www.keysrealestate.com
    Truman & Co. Real Estate Services
    1205 Truman Avenue Key West, FL 33040
    Phone: 13052922244
    www.trumanandcompany.com
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