Mixed-Use Income Property with
For Sale
$2,999,999
405 Petronia Street, Key West, FL 33040
MULTI_FAMILY - Key West, FL
Property Size1,596 SF
Lot Size0.05 Acres
Price / SF$1,879
Days on Market323
Property Features for 405 Petronia Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
HNC(1-3) - Hist Nghborhd
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 4, Bathroom 3, Bathroom 1
Appliances
Range
Subdivision
Old Town - Unlisted (1.0)
View
Water
Standard status
Active
APN
00016240-000000
Size
1,596 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
KW PT LOT 4 SQR 3 TR 4 H3-93 OR753-1759/60 OR872-487 OR1538-1434/35 OR2618-1210/11
Tax Annual Amount
6423
Legal Description
KW PT LOT 4 SQR 3 TR 4 H3-93 OR753-1759/60 OR872-487 OR1538-1434/35 OR2618-1210/11
Building Details
Year built
1999
Building materials
Combo Construction
Listing Agency:
RE/MAX Keys Connection (KW)
(305) 296-1400
Listed By:
Bobby W Coe IV · License #3428120
(305) 363-9665
Added: Oct 4, 2025
Changed: Jul 24
Last Checked: Aug 22 at 5:06PM
MLS# 616729
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 fully rented mixed-use property includes two residential units, office space, and a detached restaurant. The offering totals 1,596 square feet and is positioned for income production under its current tenant setup.
Located in the heart of Old Town Key West, the property falls under zoning described as HNC(1-3) - Hist Nghborhd. The listing also notes that seller financing is available, which may allow a buyer to begin promptly with a private showing.
The configuration combines residential and commercial uses within one package, including separate components for office operations and a detached restaurant, providing a multi-use footprint for prospective buyers seeking an already-leased structure.
Located in the heart of Old Town Key West, the property falls under zoning described as HNC(1-3) - Hist Nghborhd. The listing also notes that seller financing is available, which may allow a buyer to begin promptly with a private showing.
The configuration combines residential and commercial uses within one package, including separate components for office operations and a detached restaurant, providing a multi-use footprint for prospective buyers seeking an already-leased structure.
Key Highlights
- Mixed‑use property in the heart of Old Town Key West with residential, office, and a detached restaurant
- Fully rented income‑producing setup with 2/2 residential plus office and detached restaurant
- Year built: 1999
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
3,208
Businesses Nearby
Explore this area
Business Placement
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Fully rented mixed-use property with 2 residential units, office space, and a detached restaurant on a small Key West lot.
Where is this duplex located?
The property is located at 405 Petronia Street Key West, FL.
What is the asking price?
The asking price for this property is $2,999,999.
What are key features of this property?
This property features: Mixed‑use property in the heart of Old Town Key West with residential, office, and a detached restaurant; Fully rented income‑producing setup with 2/2 residential plus office and detached restaurant; Year built: 1999
