Completely remodeled from top to bottom, this turnkey restaurant

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Commercial For Sale

532 Margaret Street

Key West, Florida 33040

Monroe County Water View: Yes

Community: Old Town - Unlisted (1)

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$2,950,000 1 br, 3.0 bath 0 sq. ft. 0.000 acres

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.

Interior:
  • Bedrooms: 1
  • Baths: 3.0
  • Sq Ft: 0
  • Year Built: 1958
  • Utilities: 
  • Fireplaces: 
  • Stories: 2
  • Heat/AC: 
  • Garage: 
Exterior:
  • Lot Size: 0.000 acre
  • Lot Dimensions: 
  • View Types: Water
  • Yard: 
  • Siding: 
  • Roof: 
  • Property Taxes: $12,930
  • MLS #: 615015
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Contact Information:
Beach Commercial For Sale in Key West, Florida
Listing Agent: Team Gardner/Langley, Berkshire Hathaway Keys Real Estate | Knight & Gardner Realty, 305-294-5155, 305-294-5155 Listing Site, Listing Status: Active
Copyright © 2025 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.
Ad Number: 6168070
Viewed 90 times.
Updated: Oct 04, 2025

This property is a Commercial located at 532 Margaret Street, Key West, Florida 33040, and is currently For Sale at $2,950,000. This Commercial has 1 bedrooms, 3.0 baths, 0 sq ft.