# 718 - 720 Caroline Street, Key West, FL 33040

> **TL;DR:** 0bd/2ba commercial, $2,095,000 ($612/sqft), built 1918, 3,424 sqft.
> View. Est. $9,078/mo. Listed 263 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $2,095,000 |
| Price/sqft | $612 |
| Bathrooms | 3 half |
| Square Feet | 3,424 |
| Year Built | 1918 |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 263 |

## Why This Home Stands Out

- **Views** - Water

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $9,078 |
| **Total** | **$9,078** |

## Key Amenities

- View

## Property Highlights

- Built in 1918

## Description

### Agent Description
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.

## Location

- **Address:** 718 - 720 Caroline Street, Key West, FL 33040
- **County:** Monroe
- **Neighborhood:** Old Town - Unrecord (1.0)
- **Coordinates:** 24.55987, -81.801265
- **Google Maps:** https://www.google.com/maps?q=24.55987,-81.801265

## Listing Agent

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

## Primary Photo

![718 - 720 Caroline Street - Primary Photo](http://lh.rdcpix.com/c60efc2054f75f116b3da06c8fc0f084l-f2669862048r.jpg)

*7 total photos available on [listing page](https://www.propertysimple.com/listing/718-720-caroline-street-key-west-fl-33040-l616452)*

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**MLS#:** 616452 | **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/718-720-caroline-street-key-west-fl-33040-l616452)

---

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