3-Unit Storefront
For Sale
$1,995,000
718 - 720 Caroline Street, Key West, FL 33040
Three commercial spaces are occupied by existing businesses.
Property Size3,424 SF
Price / SF$582.65
Days on Market415
Property Features for 718 - 720 Caroline Street
General Information
Standard status
Active
Size
3,424 SF
Property subtype
Commercial
Occupancy
100%
Additional Details
Cap Rate
6.7%
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,780
Building Details
Building Size
3,424 SF
Year Built
1918
Buildings
1
Tenancy
Multi
Listing Agency:
Berkshire Hathaway HomeServices Knight & Gardner Realty
Listed By:
Team Gardner/Langley · License #KWA.2032
(305) 902-2447
Source:
Bascomgrooms
Added: Sep 11, 2025
Changed: Oct 29
Last Checked: Oct 26 at 12:35PM
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 Berkshire Hathaway HomeServices Knight & Gardner Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,424-square-foot storefront building at 718–720 Caroline Street in Key West contains three commercial units. Constructed in 1918, the property is fully occupied, with a reported 6.7% cap rate. The businesses operating in the building are not included in the sale.
Key Highlights
- Three commercial units in a 3,424‑square‑foot storefront building
- Fully occupied by existing businesses
- Built in 1918
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,704
Businesses Nearby
104k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 32%
Hotels & Casinos 20%
Apparel 19%
Groceries 18%
La Concha Key West
Hotels & Casinos
20,542 visits/mo
0.3 miles
Wendy's
Dining
19,101 visits/mo
0.2 miles
Fausto's Food Palace
Groceries
10,002 visits/mo
0.3 miles
River Street Sweets
Groceries
8,601 visits/mo
0.3 miles
The Cafe
Dining
8,463 visits/mo
0.4 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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- Karro Events and Floral — 818 White St, Key West, FL 33040
- Love In Bloom Florist — 134 Simonton St, Key West, FL 33040
Frequently Asked Questions
What type of property is this?
Storefront property - Three commercial spaces are occupied by existing businesses.
Where is this storefront property located?
The property is located at 718 - 720 Caroline Street Key West, FL.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Three commercial units in a 3,424‑square‑foot storefront building; Fully occupied by existing businesses; Built in 1918
