# 532 Margaret Street, Key West, FL 33040

> **TL;DR:** 1bd/2ba commercial, $2,950,000 ($1185/sqft), built 1958, 2,490 sqft.
> View. Est. $12,783/mo. Listed 385 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $2,950,000 |
| Price/sqft | $1185 |
| Bedrooms | 1 |
| Bathrooms | 1 full, 2 half |
| Square Feet | 2,490 |
| Year Built | 1958 |
| Lot Size | 4,792 sqft (0.11 acres) |
| Stories | 2 |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 385 |

## Why This Home Stands Out

- **Views** - Water

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $12,783 |
| **Total** | **$12,783** |

## Key Amenities

- View

## Property Highlights

- Built in 1958
- 0.11 acre lot
- 2 stories

## Description

### Agent Description
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.

## Location

- **Address:** 532 Margaret Street, Key West, FL 33040
- **County:** Monroe
- **Neighborhood:** Old Town - Unlisted (1.0)
- **Coordinates:** 24.557902, -81.797696
- **Google Maps:** https://www.google.com/maps?q=24.557902,-81.797696

## Listing Agent

- **Name:** Team Gardner/Langley
- **Brokerage:** Berkshire Hathaway HomeServices Knight & Gardner Realty
- **Phone:** 3059022447
- **Email:** commercial@keysrealestate.com

## Primary Photo

![532 Margaret Street - Primary Photo](http://lh.rdcpix.com/480d18cb7c8320a7229b4a4bcc82fafal-f2383626120r.jpg)

*41 total photos available on [listing page](https://www.propertysimple.com/listing/532-margaret-street-key-west-fl-33040-l615015)*

---

**MLS#:** 615015 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 Key West Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/532-margaret-street-key-west-fl-33040-l615015)

---

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