Turnkey 150-Seat
For Sale
$2,950,000
532 Margaret Street, Key West, FL 33040
Commercial Sale, Key West, FL
Property Size2,490 SF
Lot Size0.11 Acres
Price / SF$1,184
Days on Market468
Property Features for 532 Margaret Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
HNC(1-3) - Hist Nghborhd
Bedrooms
1
Bathrooms
2
Full bathrooms
1
Half bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 1, Bathroom 3
Subdivision
Old Town - Unlisted (1.0)
View
Water
Standard status
Active
APN
00008110-000000
Size
2,490 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
KW PT LOT 1 SQR 47 OR520-1006 OR823-2116 OR842-147 OR1250-1952 OR1418-793 OR1481-1072 OR2780-961 OR2906-697 OR2911-534 O
Tax Annual Amount
12930
Legal Description
KW PT LOT 1 SQR 47 OR520-1006 OR823-2116 OR842-147 OR1250-1952 OR1418-793 OR1481-1072 OR2780-961 OR2906-697 OR2911-534 O
Amenities
apartment
Building Details
Year built
1958
Floors in Building
2
Building materials
CBS, Combo Construction
Listing Agency:
Berkshire Hathaway HomeServices Knight & Gardner Realty
(305) 294-5155
Listed By:
Team Gardner/Langley · License #BK612006
(305) 902-2447
Added: May 12, 2025
Changed: Aug 19
Last Checked: Aug 22 at 5:06PM
MLS# 615015
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 turnkey restaurant was completely remodeled from top to bottom and is presented as a fully updated, licensed dining operation. The layout includes expansive indoor-outdoor dining areas, a stylish full-service bar, newly designed restrooms, and a commercial-grade kitchen equipped with state-of-the-art appliances, ample prep space, and storage to support high-volume service.
The property also includes an updated 1-bedroom, 1-bathroom apartment upstairs, offering additional on-site living options or potential supplemental income. Renovations include new electrical, plumbing, HVAC, flooring, lighting, and fixtures throughout.
The building is zoned HNC(1-3) - Hist Nghborhd. The offering includes the restaurant’s turnkey improvements and operating-ready interior features.
The property also includes an updated 1-bedroom, 1-bathroom apartment upstairs, offering additional on-site living options or potential supplemental income. Renovations include new electrical, plumbing, HVAC, flooring, lighting, and fixtures throughout.
The building is zoned HNC(1-3) - Hist Nghborhd. The offering includes the restaurant’s turnkey improvements and operating-ready interior features.
Key Highlights
- Licensed restaurant with 150‑seat dining capacity in Old Town Key West
- Completely remodeled interior with brand‑new electrical, plumbing, HVAC, flooring, lighting, and fixtures
- Indoor‑outdoor dining areas plus a full‑service bar and newly designed restrooms
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,600
Businesses Nearby
115k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 27%
Groceries 21%
Hotels & Casinos 18%
Apparel 15%
La Concha Key West
Hotels & Casinos
20,542 visits/mo
0.5 miles
Wendy's
Dining
19,101 visits/mo
0.5 miles
Fausto's Food Palace
Groceries
10,002 visits/mo
0.4 miles
Chevron
Shops & Services
9,727 visits/mo
0.3 miles
River Street Sweets
Groceries
8,601 visits/mo
0.5 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 - Fully remodeled restaurant with indoor-outdoor dining, full-service bar, and a fully equipped commercial kitchen.
Where is this conventional restaurant located?
The property is located at 532 Margaret Street Key West, FL.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Licensed restaurant with 150‑seat dining capacity in Old Town Key West; Completely remodeled interior with brand‑new electrical, plumbing, HVAC, flooring, lighting, and fixtures; Indoor‑outdoor dining areas plus a full‑service bar and newly designed restrooms
