532 Margaret Street

Key West, FL 33040 / Old Town - Unlisted (1.0)

MLS ID# 597872 Closed
Commercial

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Closed $1,550,000

0.11 acres

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• Description
• Location, Tax & Legal
• General Property Description
• Details
• Virtual Tour 1

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. 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 th... show more

Location, Tax & Legal

• Street # 532
• Street Name Margaret
• Street Suffix Street
• Key/Island Key West
• City KEY WEST
• State/Province FL
• Zip Code 33040
• Off Shore Island No
• Subdivision Old Town - Unlisted (1.0)
• Mile Marker 1
• County Monroe
• Area 02 - Key West
• KW Neighborhood Old Town-N of Truman
• Marathon Neighborhood N/A
• Side N/A
• Flood Zone AE
• Alternate Key # 1008371
• Parcel # 00008110-000000
• Zoning HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med
• 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
• Taxes 8857.77
• Tax Year 2020

General Property Description

• Realtor.COM Type Commercial
• Style Commercial
• Lot Size 5000
• Lot SqFt 4974
• Waterfront No
• Control Depth 0
• Off Street Parking 1
• # Stories 2
• Building SqFt 2368
• SqFt Source Appraisal
• Net Leasable Area 3161
• Total Units 2
• Year Built 1958
• Total Bedrooms 2
• Full Baths 2
• Half Baths 3
• Total Baths 5

Details

• Deed Restrictions

  Unknown

• Association Info

  No Mandatory Home Owners Asc, No 1st Right of Refusal

• Type

  Bar, Office Buildings, Other Comrcl Style, Restaurant, Other Services

• Waterfront

  None

• Waterview

  No Waterview

• Dockage

  None

• Vehicle Storage

  Car(s):1, Off Street Parking

• Cooling

  Ceiling Fans(s), Central Air

• Utilities

  Buyer to Verify, FKAA, Municipal Sewer, Propane, Separate Meters

• Interior Features

  Other

• Appliances

  Other:Commercia Equipment

• Miscellaneous

  Fencing, Handicap Access, Patio

• Construction

  CBS, Combo Construction

• Windows/Doors

  French Doors, Single Hung Windows, Other Windows/Doors

• Floor

  Combo, Concrete, Laminate, Other

• Roof

  Combo Roof, Gutters, Metal Roof, Other Roof

• Land Size

  Less Than 1/4 Acre

• Fee Includes

  None

• Terms

  Buyer Obtain Finance

• Show

  Short Notice OK, Sign on Property, Vacant

• Property Rights

  Multi-Use/Commercial

• Financial Status

  No Bank Owned, No Potential Short Sale