$2,500,000

532 Margaret Street, Key West FL, 33040

Price per sqft$1,004.02

Built in1958

Property size2,490 sqft

Property typeCommercial

Overview

Under contract

Contingent/show

Listed May 13, 2025

Updated 31h ago

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.

Additional information

MLS^® ID: 615015

Interior Features

Bedrooms: 1
Bathrooms: 3
Basement: No

Exterior Features

Lot Size: 0.11 Acres

Other Property Details

Taxes: $12,930
Tax Frequency: Annually
View: Yes

Listed by Team Gardner/Langley with Berkshire Hathaway HomeServices Knight & Gardner Realty
Listing Contact: 305-902-2447

The IDX display contains information sourced from the Florida Keys Board of REALTORS® as of 9/29/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated on 9/29/2026 at 3:25 AM UTC