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Key West Restaurant Opportunity
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509 Southard St, Key West, FL 33040

Restaurant for sale near Duval Street with indoor and outdoor seating.

Property Size2,059 SF
Price / SF$109.28
Days on Market158

Property Features for 509 Southard St

General Information

Standard status Active
Size 2,059 SF
Property subtype Business for Sale
Lease Type NNN
Listing Agency: RE/MAX Keys Connection
Listed By: Bobby Coe · License #3428120
Source: Crexi
Added: Mar 7 Changed: Aug 8 Last Checked: Aug 8 at 6:21AM

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 RE/MAX Keys Connection

Investment Insights

Based on property information with market context.

This restaurant is known for its food, location, and atmosphere, offering a dining experience that attracts both locals and visitors. The property is located near Duval Street, benefiting from foot traffic while providing an 'Off Duval' experience. The space includes a main dining room with a bar area, and a separate dining room suitable for private parties or special events. The kitchen is spacious and efficient. Outdoor street-side dining is also available. The property size is 2059 square feet.

Key Highlights

  • Prime location near Duval Street with high foot traffic.
  • Known for amazing food and a groovy atmosphere, attracting both locals and tourists.
  • Offers both main dining room with bar and separate private dining room.

Property Analytics

Current Use

The Cafe Restaurant

Suggested Use

Top Pick HVAC Service Auto Parts Store Dental Office Garden Center Pet Grooming Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,930
Businesses Nearby
110k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 36% Hotels & Casinos 19% Groceries 17% Shops & Services 16%
La Concha Key West Hotels & Casinos
20,542 visits/mo 0.3 miles
Wendy's Dining
19,101 visits/mo 0.3 miles
Circle K Shops & Services
13,410 visits/mo 0.5 miles
Fausto's Food Palace Groceries
10,002 visits/mo 0.3 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

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Restaurant for sale near Duval Street with indoor and outdoor seating.
Where is this conventional restaurant located?
The property is located at 509 Southard St Key West, FL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Prime location near Duval Street with high foot traffic.; Known for amazing food and a groovy atmosphere, attracting both locals and tourists.; Offers both main dining room with bar and separate private dining room.
(305) 296-1400 Call to check price and availability
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