1128 Simonton Street, Key West, FL 33040 (MLS# 598514)

1128 Simonton Street, Key West, FL 33040

$3,850,000

Property Type: Commercial Sale Bedrooms: 6 Baths: 4 Square Footage: 7,468 Lot Size (sq. ft.): 5,133 Status: Closed

Current Price: $3,850,000 List Date: 11/16/2021 Last Modified: 10/03/2025

Overview

Description

Incredible investment opportunity in the Heart of downtown Key West to own an entire building home to a well-established bar that includes a highly sought after FULL 5 COP LIQUOR LICENSE which includes package liquor sales! 2 Commercial Units are downstairs, the BottleCap Lounge & a small commercial kitchen home to Frank's Kitchen, a TO-GO kitchen with no seating or hood fan. Frank's runs food over to BottleCap patrons which is a bonus. The concrete building is 7468 sft of internal area & 1298 sft of patio & walkways. Upstairs are 4 residential apartments --- 2 two bedrooms / one bath & 2 one bedroom / one bath. The BottleCap has tremendous history dating back to 1934 when it was first established. It consists of a separate cozy bar with a pool table & leads through to an enormous airconditioned lounge and games room that boasts a gorgeous long bar with a cool vibe, pool tables, games, a DJ Booth, a dance floor, state of the art light system with lasers, excellent surround sound system ... (Read more)

Listing Details MLS# 598514

Location, Tax & Legal

Street #: 1128
Street Name: Simonton
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Subdivision: Old Town - Unlisted (1.0)
County: Monroe
Area: 02 - Key West
KW Neighborhood: Old Town-S of Truman
City: KEY WEST
Mile Marker: 1
Marathon Neighborhood: N/A
Side: N/A
Flood Zone: 0.2 PCT ANNUAL CHANC
Alternate Key #: 1028380
Parcel #: 00027600-000000
Zoning: HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med
Legal: KW PT LOT 1 SQR 5 TR 11 G48-60/61
Taxes: 15496.55
Tax Year: 2020

Contract Information

Listing Board: Key West Association
Limited Representation: No
Potential Short Sale: No
Bank Owned: No

General Property Description

Realtor.COM Type: Commercial
Style: Commercial
Lot SqFt: 5133
Waterfront: No
Business Name: Bottlecap
Year Established: 1934-01-01
# Parking Spaces: 3
# Stories: 2
Total # Buildings: Yes
Building SqFt: 7468
SqFt Source: Property Data Card
Living Apx SqFt: 7468
Year Built: 1983
Total Bedrooms: 6
Full Baths: 4
Total Baths: 4
Control Depth: 0

Status Change Info

Sold Date: 2022-02-17

Association Info

Mandatory Home Owners Asc: No
1st Right of Refusal: No

Property Info

1 Bed/Bath: 2
2 Bed/Bath: 2

More Information

Financial Status

Bank Owned: No
Potential Short Sale: No

Remarks & Misc

Remarks – Consumer: Incredible investment opportunity in the Heart of downtown Key West to own an entire building home to a well-established bar that includes a highly sought after FULL 5 COP LIQUOR LICENSE which includes package liquor sales! 2 Commercial Units are downstairs, the BottleCap Lounge & a small commercial kitchen home to Frank's Kitchen, a TO-GO kitchen with no seating or hood fan. Frank's runs food over to BottleCap patrons which is a bonus. The concrete building is 7468 sft of internal area & 1298 sft of patio & walkways. Upstairs are 4 residential apartments --- 2 two bedrooms / one bath & 2 one bedroom / one bath. The BottleCap has tremendous history dating back to 1934 when it was first established. It consists of a separate cozy bar with a pool table & leads through to an enormous airconditioned lounge and games room that boasts a gorgeous long bar with a cool vibe, pool tables, games, a DJ Booth, a dance floor, state of the art light system with lasers, excellent surround sound system & updated bathrooms. Both lead out to an outdoor patio with lots of seating & a counter-top bar to watch the passersby. The BottleCap is frequented by locals, famous artists & tourists wanting to escape the craziness of Duval St & meet locals. The location is ideal being on the corner of Simonton St & Catherine St & only one block from Duval. It sits in the corridor between the larger hotels on the south side of the island & famous Duval St. This is a fantastic opportunity to purchase an entire building in an ideal location, X Flood Zone with apartments above and a well-established bar below. There is significant untapped potential for enormous growth for the savvy investor or owner-operator.
Directions: corner of Simonton St. and Catherine St. across from Camille's Restaurant and First State Bank.

License Info

5-Cop (Transferable): Yes

Type

Apartment 3 or more: Yes
Bar: Yes
Restaurant: Yes

Fee Includes

None: Yes

Dockage

None: Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Cooling

Central Air: Yes

Waterfront

None: Yes

Waterview

No Waterview: Yes

Floor

Tile: Yes
Wood: Yes

Windows/Doors

Impact Rstnce Window: Yes

Construction

CBS: Yes

Land Size

Less Than 1/4 Acre: Yes

Terms

No Seller Finance: Yes

Utilities

FKAA: Yes
Municipal Sewer: Yes

Roof

Tile Roof: Yes

Property Features

License Info: 5-Cop (Transferable) Type: Apartment 3 or more; Bar; Restaurant Waterfront: None Waterview: No Waterview Dockage: None Cooling: Central Air Utilities: FKAA; Municipal Sewer Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer Construction: CBS Floor: Tile; Wood Roof: Tile Roof Land Size: Less Than 1/4 Acre Fee Includes: None Terms: No Seller Finance

Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty

Last Updated: October - 03 - 2025

The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.

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