532 Margaret Street

532 Margaret Street Key West, FL 33040

532 Margaret Street, Key West, FL, 33040
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FOR SALE
Property Type:
Other Hospitality
Amount:
$2,950,000
Last Verified:
Oct 29, 2025

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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.

Immerse yourself in the vibrant atmosphere of Key West, FL, where the location of the property is surrounded by an enticing array of dining and entertainment destinations. Nestled in the heart of Old Town, this renowned neighborhood offers a captivating blend of historic charm and modern allure. Just moments away, you'll discover iconic attractions such as the bustling Duval Street, the picturesque Mallory Square, and the inviting waters of the Gulf of Mexico. With its rich cultural heritage and a thriving culinary scene, the area presents an exceptional opportunity for restaurant operators and investors seeking to become part of this dynamic and lively community.


Year Built: 1958
Building Size: 2490sq ft
Building Class: A
Lot Size: 0.11 acres

Map of 532 Margaret Street, Key West, FL, 33040

Presented by:
Berkshire Hathaway Knight & garder Realty

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Gardner Langley


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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.