718 - 720 Caroline Street, Key West, FL 33040
$2,095,000
Property Type:
Commercial Sale
Baths:
3
Square Footage:
3,424
Status:
Active
Current Price:
$2,095,000
List Date:
9/11/2025
Last Modified:
2/17/2026
Overview
Description
Listing Details MLS# 616452
Location, Tax & Legal
- Street #
- 718 - 720
- Street Name
- Caroline
- Street Suffix
- Street
- Key/Island
- Key West
- State/Province
- FL
- Zip Code
- 33040
- Subdivision
- Old Town - Unrecord (1.0)
- County
- Monroe
- Area
- 01 - 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 #
- 8980907
- Parcel #
- 00003560-000101
- Zoning
- HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med
- Legal
- UNIT 718-A CAROLINE STREET CONDOMINIUM OR2157-2357/58 OR2375-2417/19 OR2643-2188/89 OR2841-356/58
- Taxes
- 2780.73
- Tax Year
- 2024
Contract Information
- Listing Board
- Key West Association
- Limited Representation
- No
- As is Rght to Inspct
- Yes
- Potential Short Sale
- No
- Bank Owned
- No
- Species List
- No
General Property Description
- Realtor.COM Type
- Commercial
- Style
- Commercial
- Waterfront
- No
- Building SqFt
- 3424
- SqFt Source
- Seller
- Living Apx SqFt
- 3424
- Total Units
- 3
- Year Built
- 1918
- Half Baths
- 3
- Total Baths
- 3
- Control Depth
- 0
- Lot SqFt
- 0
Association Info
- Mandatory Home Owners Asc
- Yes
- 1st Right of Refusal
- No
Financial Status
- Bank Owned
- No
- Potential Short Sale
- No
More Information
Remarks & Misc
- Remarks – Consumer
- Introducing a prime investment opportunity at 718-720 Caroline Street, Key West, FL now offered at a 6.5% cap rate. This historic property boasts a 3,424 SF building with three commercial units, offering versatile retail or street retail spaces for savvy investors. Built in 1918 this meticulously-maintained property captures the essence of Key West's rich architectural heritage. With a current 100% occupancy rate, it presents a lucrative prospect for investors seeking a flourishing market with a strong tenant base. Don't miss the chance to own a piece of Key West's history and secure a profitable venture in this sought-after commercial district. Businesses not for sale, please do no disturb the businesses.
Type
- Office Buildings
- Yes
- Retail
- Yes
- Other Services
- Yes
Fee Includes
- Building Insurance
- Yes
- Common Area Mnt
- Yes
- Exterminating
- Yes
Dockage
- None
- Yes
Appliances
- No Appliances
- Yes
Waterfront
- None
- Yes
Waterview
- No Waterview
- Yes
Construction
- Frame
- Yes
Land Size
- Less Than 1/4 Acre
- Yes
Utilities
- FKAA
- Yes
- Municipal Sewer
- Yes
- Separate Meters
- Yes
Property Features
Type:
Office Buildings; Retail; Other Services
Waterfront:
None
Waterview:
No Waterview
Dockage:
None
Utilities:
FKAA; Municipal Sewer; Separate Meters
Appliances:
No Appliances
Construction:
Frame
Land Size:
Less Than 1/4 Acre
Fee Includes:
Building Insurance; Common Area Mnt; Exterminating
Listing Office:
Berkshire Hathaway HomeServices Knight & Gardner Realty
Last Updated: February - 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.