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532 Margaret St Key West, FL 33040

Sponsored
For Sale
$2,950,000

Restaurant - Key West, FL

Days on Market:
95
Last Refresh:
Jan 5 at 3:06 pm

Property Features for 532 Margaret 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, Bedroom 1
Bedrooms
1
Bathrooms
3
APN
00008110-000000

Building Details

Year built
1958
Floors in Building
2
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 Oct 3, 2025

MLS# 615015 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

Turnkey Restaurant in Old Town

This turnkey restaurant, completely remodeled from top to bottom, is located in the heart of Old Town Key West. The property offers a rare opportunity to own a fully updated and licensed 150-seat dining destination. Every inch of the property has been thoughtfully renovated, including brand-new electrical, plumbing, HVAC, flooring, lighting, and fixtures, creating a fresh, modern space that captures the charm and character of historic Key West. The layout features expansive indoor-outdoor dining areas, a stylish full-service bar, and newly designed restrooms, all tailored for comfort, ambiance, and efficient flow. The commercial-grade kitchen is fully equipped with state-of-the-art appliances, ample prep space, and storage, making it ideal for high-volume service across a wide range of culinary concepts. Adding to its versatility, the property also includes a beautifully updated 1-bedroom, 1-bathroom apartment upstairs, perfect for on-site living, staff housing, or additional rental income. The zoning is HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Southernmost Freshco Restaurant Bob's on Margaret Restaurant

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Key West
County
Monroe
State
Florida
Longitude
-81.797696
Latitude
24.557902

FAQs

What type of property is this?
Turn key restaurant - Remodeled 150-seat restaurant with apartment in historic Key West.
Where is this turn key restaurant located?
The property is located at 532 Margaret St Key West, FL.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: - Completely remodeled, turnkey restaurant in Old Town Key West.; - Licensed for 150 seats with expansive indoor-outdoor dining.; - State-of-the-art, fully equipped commercial-grade kitchen.
More about this property
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