532 Margaret Street, Key West, FL

$2,950,000

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1

Bed

3

Baths

2,490

Square feet

0.11

Acres

About 532 Margaret Street

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.

Features of 532 Margaret Street

MLS® # 615015
Price $2,950,000
Bedrooms 1
Bathrooms 3.00
Full Baths 1
Half Baths 2
Square Footage 2,490
Acres 0.11
Year Built 1958
Type Commercial Sale
Sub-Type Commercial
Status Active

Community Information

Address 532 Margaret Street
Area 02 - Key West
Subdivision Old Town - Unlisted (1.0)
City Key West
County Monroe
State FL
Zip Code 33040

Amenities

Utilities FKAA, Municipal Sewer
View No Waterview
Is Waterfront No
Waterfront None
Has Pool No

Interior

Fireplace No
# of Stories 2
Has Basement No

Exterior

Lot Description Less Than 1/4 Acre
Construction CBS, Combo Construction

Additional Information

Date Listed May 12th, 2025
Days on Market 456
Zoning HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med
Short Sale No
RE / Bank Owned No

Listing Details

AgentTeam Gardner/langley
OfficeBerkshire Hathaway HomeServices Knight & Gardner Realty

Listing Map

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