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    Turnkey Restaurant in Old Town

    532 Margaret Street Key West, FL 33040

    532 Margaret Street, Key West, FL, 33040
    $2,950,000
    For Sale
    Claim this Listing
    $2,950,000

    COMMERCIAL - Key West, FL

    Property Size2,490 SF
    Lot Size0.11 Acres
    Price / SF$1,184
    AddedMay 12, 2025
    Days on Market430
    Last RefreshJul 15 at 1:06 pm

    Property Features for 532 Margaret Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    HNC(1-3) - Hist Nghborhd
    Bedrooms
    1
    Bathrooms
    2
    Rooms
    Bathroom 1, Bedroom 1, Bathroom 2, Bathroom 3
    Standard status
    Active
    APN
    00008110-000000
    Size
    2,490 SF
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    KW PT LOT 1 SQR 47 OR520-1006 OR823-2116 OR842-147 OR1250-1952 OR1418-793 OR1481-1072 OR2780-961 OR2906-697 OR2911-534 O
    Tax Annual Amount
    12930

    Building Details

    Year built
    1958
    Floors in Building
    2
    Building materials
    CBS, Combo Construction

    Listing agent Team Gardner/Langley License #BK612006

    Listing office Berkshire Hathaway HomeServices Knight & Gardner Realty 336 Duval St., Key West, FL

    Listing date May 12, 2025

    MLS# 615015

    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 completely remodeled restaurant is located in the heart of Old Town Key West. The turnkey property offers a fully updated and licensed 150-seat dining destination. Every aspect of the property has been thoughtfully renovated, including new electrical, plumbing, HVAC, flooring, lighting, and fixtures. The updated space maintains the charm and character of historic Key West. The layout includes expansive indoor-outdoor dining areas, a full-service bar, and newly designed restrooms. The commercial-grade kitchen is fully equipped with appliances, prep space, and storage, suitable for high-volume service. The property also features a renovated 1-bedroom, 1-bathroom apartment upstairs, suitable for on-site living, staff housing, or rental income. The property is zoned HNC(1-3) - Hist Nghborhd and the lot size is 0.11 acres. The property size is 2490 square feet.

    Key Highlights

    • Fully updated and licensed 150‑seat turnkey restaurant in Old Town Key West.
    • Complete top‑to‑bottom remodel with new electrical, plumbing, HVAC, flooring, lighting, and fixtures.
    • Expansive indoor‑outdoor dining areas and stylish full‑service bar.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Southernmost Freshco Restaurant Bob's on Margaret Restaurant

    Suggested Use

    Dental Office HVAC Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store Pet Grooming Service Barber Shop Pharmacy Auto Parts Store (Bike/Boat/Book/etc) Store Tanning Salon

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

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    Similar Off Market Nearby

    • Three Fine Cooks Boutique Catering — 513 Fleming St #5, Key West, FL 33040
    • Small Chef at Large Catering — Key West, FL 33040
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    • Key West Catering Company — 1075 Duval St C12, Key West, FL 33040

    FAQs

    What type of property is this?
    Restaurant - Remodeled 150-seat restaurant with apartment in Key West.
    Where is this restaurant located?
    The property is located at 532 Margaret Street 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: Fully updated and licensed 150‑seat turnkey restaurant in Old Town Key West.; Complete top‑to‑bottom remodel with new electrical, plumbing, HVAC, flooring, lighting, and fixtures.; Expansive indoor‑outdoor dining areas and stylish full‑service bar.
    Contact an agent
    (305) 902-2447
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    Contact an agent
    Team Gardner/Langley
    Real Estate License ID: BK612006
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