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    405 Petronia St Key West, FL 33040

    Sponsored
    For Sale
    $2,999,999

    Office Buildings,Restaurant - Key West, FL

    Days on Market:
    94
    Last Refresh:
    Jan 5 at 3:06 pm

    Property Features for 405 Petronia St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4
    Bathrooms
    4
    APN
    00016240-000000
    Appliances
    Range

    Building Details

    Year built
    1999
    Architectural style
    Other

    Internet Realty/Florida Keys Inc (KW) (305) 745-9088

    Listing agent Bobby W Coe IV (305) 296-1400 License #3428120

    Listing date Oct 4, 2025

    MLS# 616729 Listing URL

    Copyright © 2026 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

    Key West Mixed-Use Investment Property

    Located in the heart of Old Town Key West, this mixed-use property is a fully rented, income-producing investment opportunity. The property features a 2-bedroom, 2-bathroom residential unit, an office space, and a detached restaurant. Seller financing is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mark G. DiCowden, ... Personal Injury Attorney Mam's Best Food Kosher Restaurant

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Food Market Pharmacy Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Key West
    County
    Monroe
    State
    Florida
    Longitude
    -81.801524
    Latitude
    24.552483

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    FAQs

    What type of property is this?
    Mixed-use property - Fully rented mixed-use property in the heart of Old Town.
    Where is this mixed-use property located?
    The property is located at 405 Petronia St Key West, FL.
    What is the asking price?
    The asking price for this property is $2,999,999.
    What are key features of this property?
    This property features: - Fully rented income-producing mixed-use property.; - Located in the heart of Old Town Key West.; - Includes a 2/2 residential unit, office space, and a detached restaurant.
    (305) 363-9665
    Request Owner's contact information
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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
    405 Petronia St Key West, FL 33040
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