532 Margaret St, Key West, FL 33040

$2,950,000
1
BD
3
BA
2,490
SqFt

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List Price
$2,950,000
MLS#
615015
Days on Market
440
Year Built
1958
Bedrooms
1
Bathrooms
3
Half-baths
2
Acres
0.11
Living Area
2,490
Region
Key West
Neighborhood
Old Town-N of Truman
Subdivision
Old Town - Unlisted (1.0)

Property Description

Completely remodeled from top to bottom, this turnkey restaurant in the heart of Old Town Key West offers a rare opportunity to own a fully updated and licensed 150-seat dining destination. Every inch of the property has been thoughtfully renovated, including brand-new electrical, plumbing, HVAC, flooring, lighting, and fixtures, creating a fresh, modern space that still captures the charm and character of historic Key West. The layout features expansive indoor-outdoor dining areas, a stylish full-service bar, and newly designed restrooms, all tailored for comfort, ambiance, and efficient flow. The commercial-grade kitchen is fully equipped with state-of-the-art appliances, ample prep space, and storage, making it ideal for high-volume service across a wide range of culinary concepts. Adding to its versatility, the property also includes a beautifully updated 1-bedroom, 1-bathroom apartment upstairs—perfect for on-site living, staff housing, or additional rental income.

Additional Information

Lot Size
4,974

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Listing courtesy of Berkshire Hathaway HomeServices Knight & Gardner Realty.