Downtown Restaurant and
For Sale
$3,295,000
404 Southard Street #2, Key West, FL 33040
Large restaurant and bar currently leased, with a rebuild date of 2005 and more than three years remaining.
Property Size4,892 SF
Days on Market62
Property Features for 404 Southard Street #2
General Information
Standard status
Active
Size
4,892 SF
Zoning
HRO - Historic Residential/Office
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$17,309
Building Details
Building Size
4,892 SF
Year Built
1995
Year Renovated
2005
Tenancy
Single
Listing Agency:
Key West Luxury Real Estate Inc (KW)
(305) 849-8683
Listed By:
Darrin N Smith · License #3291885
(305) 849-8683
Source:
Laerrealty
Added: Jun 12
Changed: Aug 8
Last Checked: Jun 13 at 4:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Key West Luxury Real Estate Inc (KW)
Investment Insights
Based on property information with market context.
This large restaurant and bar is currently operated as a leased asset. The building is noted with an effective rebuild date of 2005. The property is presented as a turnkey ownership opportunity with an existing tenant in place, and the seller indicates the present tenant may be negotiable.
The property is described as being in the heart of downtown Key West at 404 Southard Street, #2. It is currently rented for $18,000 NNN per month, with over three years remaining on the lease.
For buyers, this configuration can appeal to those looking to acquire a working restaurant and bar rather than a vacant space. Because the lease term is stated to extend for more than three years and the property is already producing NNN income, the primary operational consideration is coordinating with the existing tenant during the remaining lease period. Interested parties should review lease details and confirm any negotiation terms directly with the seller.
The property is described as being in the heart of downtown Key West at 404 Southard Street, #2. It is currently rented for $18,000 NNN per month, with over three years remaining on the lease.
For buyers, this configuration can appeal to those looking to acquire a working restaurant and bar rather than a vacant space. Because the lease term is stated to extend for more than three years and the property is already producing NNN income, the primary operational consideration is coordinating with the existing tenant during the remaining lease period. Interested parties should review lease details and confirm any negotiation terms directly with the seller.
Key Highlights
- Large restaurant/bar currently leased for $18,000 NNN per month
- More than three years remaining on the current lease term
- Public remarks indicate an effective rebuild date of 2005
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,208
Businesses Nearby
108k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 35%
Hotels & Casinos 19%
Groceries 17%
Shops & Services 17%
La Concha Key West
Hotels & Casinos
20,542 visits/mo
0.2 miles
Wendy's
Dining
19,101 visits/mo
0.3 miles
Circle K
Shops & Services
13,410 visits/mo
0.3 miles
Fausto's Food Palace
Groceries
10,002 visits/mo
0.2 miles
River Street Sweets
Groceries
8,601 visits/mo
0.3 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
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- Milagro Restaurant and Bar — 1401 Simonton St, Key West, FL 33040
- Tipsy Rooster Liquor Store & Bar — 1325 Simonton St, Key West, FL 33040
Frequently Asked Questions
What type of property is this?
Bar & Pub - Large restaurant and bar currently leased, with a rebuild date of 2005 and more than three years remaining.
Where is this bar & pub located?
The property is located at 404 Southard Street #2 Key West, FL.
What is the asking price?
The asking price for this property is $3,295,000.
What are key features of this property?
This property features: Large restaurant/bar currently leased for $18,000 NNN per month; More than three years remaining on the current lease term; Public remarks indicate an effective rebuild date of 2005
