Restaurant Building with In-Place
For Sale
$3,675,000
1215 Duval Street, Key West, FL 33040
Restaurant building for sale with an established, long-time restaurant tenant and a lease already in place.
Property Size2,244 SF
Days on Market41
Property Features for 1215 Duval Street
General Information
Standard status
Active
Size
2,244 SF
Zoning
HRCC - Historic Residential Commercial Core
Additional Details
Cap Rate
7%
Taxes and HOA fees
Annual Taxes
$10,517
Building Details
Building Size
2,244 SF
Year Built
1953
Tenancy
Single
Listing Agency:
Berkshire Hathaway HomeServices Knight & Gardner Realty
(305) 902-2447
Listed By:
Team Gardner/Langley · License #KWA.2032
(305) 902-2447
Source:
Laerrealty
Added: Jul 23
Changed: Aug 8
Last Checked: Aug 31 at 12:47PM
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 Berkshire Hathaway HomeServices Knight & Gardner Realty
Investment Insights
Based on property information with market context.
Offered for sale is a turn-key commercial restaurant building with an established, long-time successful restaurant tenant already in place under an existing lease. The business itself is not for sale; the real estate and income-producing lease are.
Located on Duval Street in Old Town, the property is presented as part of a high-traffic corridor with year-round foot traffic and ongoing demand for Key West commercial space. The listing information also references a 7.0% cap rate and positions the acquisition as a stabilized income stream from day one through the in-place tenant and lease.
For buyers seeking a restaurant real estate investment with continuity of occupancy, the property is being marketed as an opportunity centered on Duval Street exposure and an existing leased arrangement.
Located on Duval Street in Old Town, the property is presented as part of a high-traffic corridor with year-round foot traffic and ongoing demand for Key West commercial space. The listing information also references a 7.0% cap rate and positions the acquisition as a stabilized income stream from day one through the in-place tenant and lease.
For buyers seeking a restaurant real estate investment with continuity of occupancy, the property is being marketed as an opportunity centered on Duval Street exposure and an existing leased arrangement.
Key Highlights
- Commercial building built in 1953 at 1215 Duval Street in Key West
- Restaurant building with an established, long‑time restaurant tenant
- Lease already in place with the restaurant tenant (business not for sale)
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,178
Businesses Nearby
25k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Hotels & Casinos 46%
Circle K
Shops & Services
13,410 visits/mo
0.2 miles
The Reach Key West, Curio Collection by Hilton
Hotels & Casinos
8,622 visits/mo
0.2 miles
Best Western Hibiscus Motel
Hotels & Casinos
2,843 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant building for sale with an established, long-time restaurant tenant and a lease already in place.
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 $3,675,000.
What are key features of this property?
This property features: Commercial building built in 1953 at 1215 Duval Street in Key West; Restaurant building with an established, long‑time restaurant tenant; Lease already in place with the restaurant tenant (business not for sale)
