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    Historic Key West Commercial Property

    718 - 720 Caroline Street Key West, FL 33040

    718 - 720 Caroline Street, Key West, FL, 33040
    $2,095,000
    For Sale
    Claim this Listing
    $2,095,000

    COMMERCIAL - Key West, FL

    Property Size3,424 SF
    Price / SF$611.86
    AddedSep 11, 2025
    Days on Market308
    Last RefreshJul 15 at 2:06 pm

    Property Features for 718 - 720 Caroline Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    HNC(1-3) - Hist Nghborhd
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3
    Appliances
    No Appliances
    Standard status
    Active
    APN
    00003560-000101
    Size
    3,424 SF

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    UNIT 718-A CAROLINE STREET CONDOMINIUM OR2157-2357/58 OR2375-2417/19 OR2643-2188/89 OR2841-356/58
    Tax Annual Amount
    2781

    Building Details

    Year built
    1918
    Number of units
    3
    Building materials
    Frame

    Listing agent Team Gardner/Langley License #BK612006

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

    Listing date Sep 11, 2025

    MLS# 616452

    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.

    Located at 718-720 Caroline Street, Key West, FL, this commercial property presents an investment opportunity with a 6.5% cap rate. The historic building, constructed in 1918, features 3,424 square feet of space. The property is divided into three commercial units, suitable for retail or street retail businesses. The property is zoned HNC(1-3) - Hist Nghborhd. The property is meticulously maintained and reflects Key West's architectural heritage. Currently, the property has a 100% occupancy rate, offering a strong tenant base. This property offers a chance to own a piece of Key West's history and establish a profitable venture in a sought-after commercial district.

    Key Highlights

    • 6.5% Cap Rate: Presents a strong return on investment.
    • 100% Occupancy: Ensures immediate income stream with established tenants.
    • Prime Location on Caroline Street in Key West's sought‑after commercial district.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Dental Office HVAC Service Auto Parts Store Auto Repair Shop Garden Center Pet Grooming Service Carpet & Flooring Store (Bike/Boat/Book/etc) Store Home Appliance Store Veterinary Clinic

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

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    FAQs

    What type of property is this?
    Storefront property - Prime investment: historic Key West commercial property with high occupancy.
    Where is this storefront property located?
    The property is located at 718 - 720 Caroline Street Key West, FL.
    What is the asking price?
    The asking price for this property is $2,095,000.
    What are key features of this property?
    This property features: 6.5% Cap Rate: Presents a strong return on investment.; 100% Occupancy: Ensures immediate income stream with established tenants.; Prime Location on Caroline Street in Key West's sought‑after commercial district.
    Contact an agent
    (305) 902-2447
    We can help!
    Contact an agent
    Team Gardner/Langley
    Real Estate License ID: BK612006
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