532 Margaret StreetKEY WEST,
Florida FL33040
StatusClosed
Sold Date12/16/2021
Bedrooms2
Total Baths5
Full Baths2
Partial Baths3
SqFt
2,368
CountyMonroe
SubdivisionOld Town - Unlisted (1.0)
Year Built1958
Property TypeCommercial
Property Sub TypeCommercial
Description
MIXED USE owner occupied or investment opportunity offering turn key restaurant with 2nd floor 2-bedroom, 2-bathroom apartment located in the heart of Old Town, Key West. The possibilities are endless with over 3000sqf of indoor & outdoor dining that provide the opportunity to host a casual or formal dining experience at an established and local favorite neighborhood location with heavy foot traffic from hungry residents, snowbirds and tourists. A Large dreamy Chef's kitchen includes multiple cooking zones, large walk-in cooler, ample storage and separate entrance with off street parking for receiving deliveries and keeping waste out of site. The restaurant is licensed for 97 seats and includes all equipment, fixtures and furnishings. Recent renovations include updates to kitchen, dining rooms, garden patios and a new roof.Current Fire Marshal approved Occupancy load meets DPBR requirements for a 5-COP Liquor License. Buyer to verify and re-apply.
Status
Closed
SqFt
2,368
Address
532 Margaret Street
City
KEY WEST
State
Florida
Postal Code
33040
County
Monroe
Bedrooms
2
Subdivision
Old Town - Unlisted (1.0)
Zoning
HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med
Property Type
Commercial
Property Sub Type
Commercial
Year Built
1958
Total Baths
5
Full Baths
2
Half Baths
3
Partial Baths
3
1st Right of Refusal
no
As Is/Right To Inspect
yes
Control Depth
0
Deed Restrictions
Unknown
FEMA List
no
Legal
KW PT LOT 1 SQR 47 OR520-1006 OR823-2116/17 OR842-147 OR1250-1952/55 OR1418-793/94 OR1481-1072/73 OR2780-961/63 OR2906-6
IDX City Name
Key West
IDX County Name
Monroe
Latitude
24.557902
Longitude
-81.797696
Miscellaneous
Fencing, Handicap Access, Patio
Property Rights
Multi-Use/Commercial
Total Units
2
Type 2
Bar,Office Buildings,Other Comrcl Style,Other Services,Restaurant
Utilities
Buyer to Verify, FKAA, Municipal Sewer, Propane, Separate Meters
Vehicle Storage: Car(s)
1
Windows/Doors
French Doors, Other Windows/Doors, Single Hung Windows
Sold Date
2021-12-16T00:00:00+00:00
Sold Price
$1,550,000
Listing Price
$2,060,000
photo Count
1
Key/Island
Key West
KW Neighborhood
Old Town-N of Truman
Mile Marker
1
Parcel Number
00008110-000000
Street Name
Margaret Street
Street Number
532
Appliances: Other
Commercia Equipment
Cooling/Heating
Ceiling Fans, Central A/C
Floor
Combo, Concrete, Laminate, Other Floors
Interior Features
Other
Number of Stories
2
SqFt Source
Appraisal
Bank Owned
no
Fee Includes
None
Financial Status: Bank Owned
no
Financial Status: Potential Short Sale
no
For Sale/Lease
For Sale
HOA
no
Net Leasable Area
3161
Potential Short Sale
no
Tax Year
2020
Taxes
8857.77
Terms
Buyer Obtain Finance
Rent/Lease
neither
Rent/Lease Price
$2,060,000
Construction
CBS, Combo Construction
Dockage
None
Flood Zone
AE
Land Size
Less Than 1/4 Acre
Lot Size
5000
Lot SqFt
4974
Off Shore Island
no
Off Street Parking
1
Roof
Combo Roof, Gutters, Metal Roof, Other Roof
Side
right
Style
Commercial
Vehicle Storage
Off Street Parking
Waterfront
no
Waterfront Type
None
Waterview
No Waterview
©2024 Florida Keys MLS, Inc. The data relating to real estate for sale on this web site comes in part from the Florida Keys Multiple Listing Service. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Information is deemed reliable but not guaranteed. Data last updated: Thursday, March 28th, 2024 at 06:45:22 AM.
#IDX-primaryPhoto,#idx-details-headerListed by: Coastal Collection Real Estate Inc.