532 Margaret Street, Key West, FL 33040
$2,950,000
Property Type:
Commercial Sale
Bedrooms:
1
Baths:
3
Square Footage:
2,490
Lot Size (sq. ft.):
4,974
Status:
Active
Current Price:
$2,950,000
List Date:
5/13/2025
Last Modified:
4/30/2026
Overview
Description
Listing Details MLS# 615015
Location, Tax & Legal
- Street #
- 532
- Street Name
- Margaret
- 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
- Off Shore Island
- No
- Mile Marker
- 1
- Marathon Neighborhood
- N/A
- Side
- Median
- Flood Zone
- AE
- Alternate Key #
- 1008371
- Parcel #
- 00008110-000000
- Zoning
- HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med
- Legal
- KW PT LOT 1 SQR 47 OR520-1006 OR823-2116 OR842-147 OR1250-1952 OR1418-793 OR1481-1072 OR2780-961 OR2906-697 OR2911-534 O
- Taxes
- 12930.38
- Tax Year
- 2024
Contract Information
- Listing Board
- Key West Association
- Limited Representation
- No
- As is Rght to Inspct
- Yes
- For Sale/Lease
- For Sale
- Potential Short Sale
- No
- Bank Owned
- No
- Species List
- No
General Property Description
- Realtor.COM Type
- Commercial
- Style
- Commercial
- Lot SqFt
- 4974
- Waterfront
- No
- # Parking Spaces
- Yes
- # Stories
- 2
- Building SqFt
- 2490
- SqFt Source
- Survey
- Living Apx SqFt
- 2490
- Year Built
- 1958
- Total Bedrooms
- Yes
- Full Baths
- Yes
- Half Baths
- 2
- Total Baths
- 3
- Control Depth
- 0
- Total Units
- 0
Association Info
- Mandatory Home Owners Asc
- No
- 1st Right of Refusal
- No
Appliances
- Other
- Commercial Kitchen
More Information
Financial Status
- Bank Owned
- No
- Potential Short Sale
- No
Remarks & Misc
- Remarks – Consumer
- 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.
Type
- Restaurant
- Yes
Fee Includes
- None
- Yes
Dockage
- None
- Yes
Waterfront
- None
- Yes
Waterview
- No Waterview
- Yes
Construction
- CBS
- Yes
- Combo Construction
- Yes
Land Size
- Less Than 1/4 Acre
- Yes
Utilities
- FKAA
- Yes
- Municipal Sewer
- Yes
Property Features
Type:
Restaurant
Waterfront:
None
Waterview:
No Waterview
Dockage:
None
Utilities:
FKAA; Municipal Sewer
Construction:
CBS; Combo Construction
Land Size:
Less Than 1/4 Acre
Fee Includes:
None
Listing Office:
Berkshire Hathaway HomeServices Knight & Gardner Realty
Last Updated: April - 30 - 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.