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    311 Margaret St Key West, FL 33040

    For Sale
    $4,995,000

    Office Buildings,Other Services,Retail,Professional Service,Boat Care

    Days on Market:
    120
    Last Refresh:
    Dec 15 at 4:06 am

    Property Features for 311 Margaret St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    HRCC(1 - 4) - Hist Res Comm Core 1-4 SF Specl
    APN
    00002810-000100

    Building Details

    Year built
    1981
    Floors in Building
    2
    Flooring type
    Concrete
    Building materials
    Concrete
    Architectural style
    Other

    Berkshire Hathaway Keys Real Estate | Knight & Gardner Realty (305) 294-5155 [email protected]

    Listing agent Team Gardner/Langley (305) 294-5155 License #BK612006

    Listing date Aug 18, 2025

    MLS# 582797 Listing URL

    Copyright © 2025 Key West Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Seaport District Retail/Warehouse Opportunity

    Located in the Seaport District of Old Town Key West, this concrete building features a loading dock and is suitable for various commercial uses. The property is currently configured with approximately 5,000 square feet of retail, warehouse, and workshop space on the ground floor, complemented by around 3,750 square feet of office, storage, and apartment space on the second floor. The building is equipped with a generator, propane tanks, and 3-phase electric power. It also includes 9 parking spaces located in the front and on the side of the building, as well as a loading dock and side ramp for easy access. The property is elevated above the flood plane and is located in an HRCC 2 zone.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    KWE Supply Tool Store

    Suggested Use

    Law Firm Realty agency Spa & Massage Dental Office Restaurant Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Key West
    County
    Monroe
    State
    Florida
    Longitude
    -81.799413
    Latitude
    24.560815

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    FAQs

    What type of property is this?
    Retail space - Retail/warehouse with office space in Key West's Seaport District.
    Where is this retail space located?
    The property is located at 311 Margaret St Key West, FL.
    What is the asking price?
    The asking price for this property is $4,995,000.
    What are key features of this property?
    This property features: - Prime Seaport District location in Old Town Key West.; - Large concrete building with approximately 8,750 SF of combined retail/warehouse/workshop/office/storage space.; - HRCC 2 zoning offers a lot of opportunity.
    (305) 294-5155
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    311 Margaret St Key West, FL 33040
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    311 Margaret St Key West, FL 33040
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