Restaurant Property with Existing
For Sale
Under Contract
$3,475,000
1215 Duval Street, Key West, FL 33040
Commercial Sale, Key West, FL
Property Size2,244 SF
Lot Size0.06 Acres
Price / SF$1,548
Days on Market94
Property Features for 1215 Duval Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
HRCC - Historic Residenti
Bathrooms
2
Half bathrooms
2
Rooms
Bathroom 1, Bathroom 3, Bathroom 2
Parking features
Off Street
Appliances
No Appliances
Subdivision
Old Town - Unlisted (1.0)
View
Water
Standard status
Active Under Contract
APN
00028460000000
Size
2,244 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Kw Pt Lt 4 Sqr 8 Tr 11 (L-215) Or259-577/78 Or478-613 Or713-17 Or1011-1307/08 Or1401-1894/96 Or1645-1088/89 Or2055-261/6
Tax Annual Amount
10517
Legal Description
Kw Pt Lt 4 Sqr 8 Tr 11 (L-215) Or259-577/78 Or478-613 Or713-17 Or1011-1307/08 Or1401-1894/96 Or1645-1088/89 Or2055-261/6
Building Details
Year built
1953
Building materials
CBS
Roof type
Metal
Listing Agency:
Berkshire Hathaway HomeServices Knight & Gardner Realty
(305) 294-5155
Listed By:
Team Gardner/Langley
(305) 902-2447
Added: Jul 21
Changed: Oct 21
Last Checked: Oct 22 at 10:06AM
MLS# 620701
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.
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Investment Insights
Based on property information with market context.
This 2,244-square-foot commercial property is occupied by a restaurant tenant under an existing lease. The restaurant business is not part of the sale. Built in 1953, the building has CBS construction, a metal roof, and off-street parking on a 0.06-acre parcel.
The lease is offered at a 7.04% cap rate. The property is located at 1215 Duval Street in Key West.
The lease is offered at a 7.04% cap rate. The property is located at 1215 Duval Street in Key West.
Key Highlights
- Restaurant tenant in place under an existing lease; the business is not included
- 7.04% cap rate
- 2,244 square feet on a 0.06‑acre parcel
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,551
Businesses Nearby
95k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 63%
Shops & Services 37%
Whataburger
Dining
27,666 visits/mo
0.3 miles
Circle K
Shops & Services
15,796 visits/mo
0.2 miles
Golden Corral
Dining
14,775 visits/mo
0.4 miles
SONIC Drive In
Dining
8,586 visits/mo
0.3 miles
Wells Fargo
Shops & Services
6,530 visits/mo
0.1 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - An established restaurant tenant occupies the property under lease; the restaurant business is not included in the sale.
Where is this conventional restaurant located?
The property is located at 1215 Duval Street Key West, FL.
What is the asking price?
The asking price for this property is $3,475,000.
What are key features of this property?
This property features: Restaurant tenant in place under an existing lease; the business is not included; 7.04% cap rate; 2,244 square feet on a 0.06‑acre parcel
