402 Appelrouth Lane, Key West, FL 33040
$2,490,000
Property Type:
Commercial Sale
Bedrooms:
3
Baths:
8
Lot Size (sq. ft.):
3,636
Status:
Active
Current Price:
$2,490,000
List Date:
10/25/2025
Last Modified:
3/02/2026
Overview
Description
Listing Details MLS# 617030
Location, Tax & Legal
- Street #
- 402
- Street Name
- Appelrouth
- Street Suffix
- Lane
- Key/Island
- Key West
- State/Province
- FL
- Zip Code
- 33040
- Subdivision
- Jack Sq Prof Cent (1.0)
- County
- Monroe
- Area
- 01 - Key West
- KW Neighborhood
- Old Town-N of Truman
- City
- KEY WEST
- Mile Marker
- 1
- Marathon Neighborhood
- N/A
- Side
- Median
- Flood Zone
- X Flood Zone
- Alternate Key #
- 8775628
- Parcel #
- 00010000-000101
- Zoning
- HRO - Historic Residential/Office
- Legal
- Jackson Square Professional Center a Condominium KW PT Lot 4 SQR 50
- Taxes
- 14665
- Tax Year
- 2025
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
- 3636
- Waterfront
- No
- # Stories
- 3
- Year Built
- 1943
- Total Bedrooms
- 3
- Full Baths
- 6
- Half Baths
- 2
- Total Baths
- 8
- Control Depth
- 0
Association Info
- Mandatory Home Owners Asc
- No
- 1st Right of Refusal
- No
Financial Status
- Bank Owned
- No
- Potential Short Sale
- No
More Information
Remarks & Misc
- Remarks – Consumer
- **6%+ Cap Rate Opportunity ** Now offered at $2,490,000, this income producing Old Town property offers strong cash flow and immediate investor appeal. Located just steps from Duval Street, 402 Appelrouth Lane offers a rare investment opportunity in a premier X Flood Zone location. This mixed use property has income potential from residential and commercial units. With over 5000sqft of interior space this iconic structure showcases tall ceilings, historic architectural character and custom artistic details that give it Old Town Charm. Appelrouth Lane is known for strong foot traffic, established neighboring businesses and a desirable central location. just minutes from restaurants, galleries, shopping and Key West nightlife. Opportunities like this are exceptionally rare.
- Directions
- Located between the 500 blocks of Duval Street and Whitehead
Type
- Apartment 3 or more
- Yes
- Office Buildings
- Yes
- Professional Service
- Yes
Fee Includes
- None
- Yes
Dockage
- None
- Yes
Accounts & Meters
- # Water Meters
- Yes
- # Electric Meters
- 3
Appliances
- Refrigerator
- Yes
Cooling
- Ceiling Fans(s)
- Yes
- Central Air
- Yes
- Wall/Window Unit(s)
- Yes
Waterfront
- None
- Yes
Waterview
- No Waterview
- Yes
Floor
- Combo
- Yes
- Wood
- Yes
Construction
- Frame
- Yes
Land Size
- Less Than 1/4 Acre
- Yes
Utilities
- FKAA
- Yes
- Municipal Sewer
- Yes
Property Rights
- Multi-Use/Commercial
- Yes
Miscellaneous
- High Traffc Location
- Yes
- High Visibility
- Yes
Roof
- Metal Roof
- Yes
Property Features
Type:
Apartment 3 or more; Office Buildings; Professional Service
Waterfront:
None
Waterview:
No Waterview
Dockage:
None
Cooling:
Ceiling Fans(s); Central Air; Wall/Window Unit(s)
Utilities:
FKAA; Municipal Sewer
Appliances:
Refrigerator
Miscellaneous:
High Traffc Location; High Visibility
Construction:
Frame
Floor:
Combo; Wood
Roof:
Metal Roof
Land Size:
Less Than 1/4 Acre
Fee Includes:
None
Property Rights:
Multi-Use/Commercial
Listing Office:
Preferred Properties (KW)
Last Updated: March - 02 - 2026
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.