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About This Home
This 1-bedroom, 2-bathroom commercial at 532 Margaret Street in Key West, FL is listed for $2,950,000 ($1,185 per sqft). Built in 1958, the home offers 2,490 sqft of living space on a 0.11 acres lot.
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.
Key Features
- Built in 1958
- 0.11 acre lot
- 2 stories
Property Details
Amenities
Monthly Cost Estimate
$15,777/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
532 Margaret Street
Key West, FL 33040
Old Town - Unlisted (1.0)
Property Details
Construction
Views
Questions & Answers
This 1-bedroom, 2-bathroom commercial at 532 Margaret Street is listed at $2,950,000 ($1,185/sqft). The estimated monthly payment is $12,783 based on 20% down at 6.5% interest.
Key features include: Built in 1958, 0.11 acre lot, 2 stories.
This property is listed by Team Gardner/Langley and can be reached at 3059022447 or commercial@keysrealestate.com.
