Mixed-Use Property With
For Sale
$2,999,999
405 Petronia Street, Key West, FL 33040
Residential, Key West, FL
Property Size1,596 SF
Lot Size0.05 Acres
Price / SF$1,879
Days on Market344
Property Features for 405 Petronia Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
HNC(1-3) - Hist Nghborhd
Bedrooms
2
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 1, Bathroom 4, Bathroom 1, Bathroom 2, Bathroom 3
Appliances
Oven
Subdivision
Old Town - Unlisted (1.0)
View
Water
Standard status
Active
Size
1,596 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
6423
Building Details
Year built
1912
Number of units
3
Building materials
Combo Construction
Architectural style
Other
Listing Agency:
RE/MAX Keys Connection (KW)
(305) 296-1400
Listed By:
Bobby W Coe IV · License #3428120
(305) 363-9665
Added: Oct 4, 2025
Changed: Sep 4
Last Checked: Sep 12 at 4:06PM
MLS# 616727
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.
Investment Insights
Based on property information with market context.
This 1,596-square-foot mixed-use property combines a two-bedroom, two-bath residential component with office space and a separate restaurant structure. The property was built in 1912 and includes an oven, with combo construction materials noted in the property details. It is reported as fully rented, offering multiple existing components within a compact 0.05-acre site.
Located at 405 Petronia Street in Key West, the property falls within the HNC(1-3) - Hist Nghborhd zoning designation. Its Old Town setting and combination of residential, office, and restaurant uses provide a varied existing configuration in a well-established Key West location.
Located at 405 Petronia Street in Key West, the property falls within the HNC(1-3) - Hist Nghborhd zoning designation. Its Old Town setting and combination of residential, office, and restaurant uses provide a varied existing configuration in a well-established Key West location.
Key Highlights
- 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
Property Analytics
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Current Use
Lease Details
1
Office units
1
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,208
Businesses Nearby
Explore this area
Business Placement
Demographics for 33040, FL
35,958
Population
19,001
Households
1.9
Avg Household Size
44
Median Age
38%
College-Educated
92%
High-School Grad
17.7 sq mi
ZIP Area
2,032
Density / Sq Mi
$79,038
Median Household Income
$42,458
Median Earnings
$2,079
Median Rent
$766,400
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased property combining residential, office, and detached restaurant components in Key West’s Old Town area.
Where is this mixed-use property located?
The property is located at 405 Petronia Street 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 mixed‑use property with residential, office, and restaurant components; 2/2 residential component with two bedrooms and two bathrooms; Detached restaurant structure included
