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405 Petronia Street, Key West, FL 33040

$2,999,999
Property Type: Commercial Sale Baths: 4 Square Footage: 1,596 Lot Size (sq. ft.): 2,094 Status: Active
Current Price: $2,999,999 List Date: 10/04/2025 Last Modified: 4/17/2026

Overview

Description

Heart of Old Town Key West. Very rare FULLY RENTED income producing mixed-use property. 2/2 residential, office plus a detached restaurant. Seller financing is available to immediately start your investment opportunity! Call now for your private showing.

Listing Details MLS# 616729

Location, Tax & Legal

Street #
405
Street Name
Petronia
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-N of Truman
City
KEY WEST
Mile Marker
1
Marathon Neighborhood
N/A
Side
Median
Flood Zone
X
Alternate Key #
1016624
Parcel #
00016240-000000
Zoning
HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med
Legal
KW PT LOT 4 SQR 3 TR 4 H3-93 OR753-1759/60 OR872-487 OR1538-1434/35 OR2618-1210/11
Taxes
6422.55
Tax Year
2024

Contract Information

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

General Property Description

Realtor.COM Type
Multi-Family
Style
Commercial
Lot SqFt
2094
Waterfront
No
Building SqFt
1596
Living Apx SqFt
1596
Year Built
1999
Full Baths
4
Total Baths
4
Control Depth
0
Total Units
0

License Info

# of City License
3
Non Trans Rntl Lic
Yes

Association Info

Mandatory Home Owners Asc
No
1st Right of Refusal
No

More Information

Financial Status

Bank Owned
No
Potential Short Sale
No

Remarks & Misc

Remarks – Consumer
Heart of Old Town Key West. Very rare FULLY RENTED income producing mixed-use property. 2/2 residential, office plus a detached restaurant. Seller financing is available to immediately start your investment opportunity! Call now for your private showing.

Deed Restrictions

Unknown
Yes

Type

Office Buildings
Yes
Restaurant
Yes

Fee Includes

None
Yes

Dockage

None
Yes

Appliances

Range
Yes

Waterfront

None
Yes

Waterview

No Waterview
Yes

Construction

Combo Construction
Yes

Land Size

Less Than 1/4 Acre
Yes

Terms

Exchange
Yes
Seller Finance Psble
Yes

Utilities

Buyer to Verify
Yes

Property Features

Deed Restrictions: Unknown License Info: Non Trans Rntl Lic Type: Office Buildings; Restaurant Waterfront: None Waterview: No Waterview Dockage: None Utilities: Buyer to Verify Appliances: Range Construction: Combo Construction Land Size: Less Than 1/4 Acre Fee Includes: None Terms: Exchange; Seller Finance Psble
Listing Office: RE/MAX Keys Connection (KW)
Last Updated: April - 17 - 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.