532 Margaret Street, KEY WEST, FL

$2,950,000

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1

Bed

3

Baths

2,490

Square feet

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
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

Interior

# of Stories 2

Exterior

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

Additional Information

Date Listed May 13th, 2025
Days on Market 155
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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