Mixed-Use Income
For Sale
$2,999,999
405 Petronia Street, Key West, FL 33040
MULTI_FAMILY - Other - Key West, FL
Property Size1,596 SF
Lot Size0.05 Acres
Price / SF$1,879
Days on Market328
Property Features for 405 Petronia Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
HNC(1-3) - Hist Nghborhd
Bedrooms
2
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 1, Bathroom 4, Bedroom 1, Bedroom 2, Bathroom 3
Appliances
Oven
Subdivision
Old Town - Unlisted (1.0)
View
Water
Standard status
Active
Size
1,596 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
6423
Building Details
Year built
1912
Number of units
3
Building materials
Combo Construction
Architectural style
Other
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 27 at 4:06PM
MLS# 616727
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 income property includes two 2-bedroom residential units along with office space, and a detached restaurant. The property is configured to support multiple revenue streams on a compact footprint.
Located in the heart of Old Town Key West, the property falls under zoning HNC(1-3) - Hist Nghborhd.
With 1,596 square feet of property size on a 0.05-acre lot, this offering presents an income-producing setup designed to combine residential, office, and restaurant components in one location.
Located in the heart of Old Town Key West, the property falls under zoning HNC(1-3) - Hist Nghborhd.
With 1,596 square feet of property size on a 0.05-acre lot, this offering presents an income-producing setup designed to combine residential, office, and restaurant components in one location.
Key Highlights
- Year built 1912 mixed‑use property in the heart of Old Town Key West
- Fully rented income‑producing setup with 2 residential units, an office, and a detached restaurant
- Includes multiple bedrooms and bathrooms: Bedroom 1, Bedroom 2 and Bathrooms 1–4
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
2
Residential units
100%
Occupancy
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?
Triplex - Fully rented mixed-use building with 2-bedroom residential units, office space, and a detached restaurant.
Where is this triplex 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: Year built 1912 mixed‑use property in the heart of Old Town Key West; Fully rented income‑producing setup with 2 residential units, an office, and a detached restaurant; Includes multiple bedrooms and bathrooms: Bedroom 1, Bedroom 2 and Bathrooms 1–4
