Advertise
    Location, address, ZIP or keywords
    Back to Search
    Key West Mixed-Use Investment

    405 Petronia Street Key West, FL 33040

    Claim this Listing
    For Sale
    $2,999,999

    MULTI_FAMILY - Key West, FL

    Property size:
    1,596 SF
    Lot size:
    0.05 Acres
    Price / SF:
    $1,879/SF
    Added:
    Oct 4, 2025
    Days on Market:
    283
    Last Refresh:
    Jul 13 at 1:06 am

    Property Features for 405 Petronia Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    HNC(1-3) - Hist Nghborhd
    Bathrooms
    4
    Rooms
    Bathroom 2, Bathroom 4, Bathroom 1, Bathroom 3
    Appliances
    Range
    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

    Building Details

    Year built
    1999
    Building materials
    Combo Construction

    Listing agent Bobby W Coe IV License #3428120

    Listing office RE/MAX Keys Connection (KW) 517 DUVAL STREET SUITE 200, Summerland Key, FL

    Listing date Oct 4, 2025

    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.

    Located in the heart of Old Town Key West, this mixed-use property offers a rare investment opportunity. The property is fully rented and income-producing. It features a 2-bedroom, 2-bathroom residential unit, an office space, and a detached restaurant. The lot size is 0.05 acres, and the property size is 1596 square feet. The zoning is HNC(1-3) - Hist Nghborhd.

    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 Location Intelligence

    Current Use by Public Records

    Mark G. DiCowden, ... Law Firm Mam's Best Food Restaurant

    Suggested Use

    HVAC Service Dental Office (Bike/Boat/Book/etc) Store Garden Center Pet Grooming Service Carpet & Flooring Store Auto Repair Shop Home Appliance Store (Bike/Boat/Book/etc) Store Barber Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar For Sale Nearby

    • $1,850,000
      1,745 SF

      Single-Story Office Corner Building

      Single-story office building with drive-through parking, central air, and five private offices on a highly visible corner lot.
      701 Simonton Street, Key West, FL 33040
      View Details
    • $1,599,000
      3,380 SF

      Multi-Unit Commercial Condo Building

      Three retail and office condo units in an X flood zone, including one vacant space for immediate use or lease.
      1200-1206 White Street, Key West, FL 33040
      View Details
    • $2,699,000
      2,396 SF

      Prime Corner Commercial Property, Key West

      Corner property with high visibility, multiple commercial uses allowed.
      1000 Truman Avenue, Key West, FL 33040
      View Details
    • $749,000
      1,491 SF

      New Mixed-Use Development in Key West

      Commercial space in new mixed-use development, completion end of 2026.
      3201 Flagler Avenue, Key West, FL 33040
      View Details
    • $439,000
      718 SF

      Turnkey Retail Condominium Suite

      Turnkey retail condo with updated flooring and paint, plus HOA coverage for building and common area maintenance.
      1012 Truman Avenue, Key West, FL 33040
      View Details
    • $599,000
      1,169 SF

      Updated Corner Commercial Condo

      First-floor corner unit with hurricane-rated impact windows and tenant in place, suited for retail or professional services.
      1200 White Street, Key West, FL 33040
      View Details
    • $599,000
      1,389 SF

      End-Unit Commercial Condo

      End-unit commercial condo in Old Town with hurricane-rated openings, half bath, and an office space that can be rented separately.
      1206 White Street, Key West, FL 33040
      View Details
    • $2,250,000
      3,876 SF

      Six-Unit Multifamily Property

      Six legal apartments total 10 bedrooms and 6 baths with off-street parking and separate electric and water meters.
      912 Pohalski Street, Key West, FL 33040
      View Details
    • $2,250,000
      3,876 SF

      Six-Unit Multifamily Building

      Six legal apartments feature separate electric and water meters, with off-street parking for residents.
      912 Pohalski Street, Key West, FL 33040
      View Details
    • $1,250,000

      Adjoining Office Condominiums with Patio

      Two adjoining office condo units are offered together, including a leased suite with private offices and patio.
      1421 First Street, Key West, FL 33040
      View Details
    • $1,700,000
      3,000 SF

      Value-Add Fourplex Investment Opportunity

      Fourplex with income potential after renovations in Key West, FL.
      1224 2nd Street, Key West, FL 33040
      View Details
    • $2,699,999
      3,568 SF

      Waterfront Multifamily with Boat Lift

      Duplex-style multifamily with fully self-contained units, gated entry, and over 80' concrete seawall with a boat lift.
      6 Egret Lane, Geiger Key, FL 33040
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Fully rented mixed-use property in Old Town Key West.
    Where is this mixed-use property 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
    Contact an agent
    (305) 363-9665
    We can help!
    Contact an agent
    Bobby W Coe IV
    Real Estate License ID: 3428120
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    405 Petronia Street, Key West, FL 33040
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!