532 Margaret Street

For Sale

532 Margaret Street, Key West, FL 33040

This Key West property for sale is located at 532 Margaret Street. The general use of 532 Margaret Street is other and it incorporates 2,490 square feet of class A other space. The current listed sale price for 532 Margaret Street is $3,700,000. 532 Margaret Street is situated on a lot that is 0.11 acre in size.

Contacts

broker
Team Gardner-Langley

Keys Real Estate | Knight & Gardner Realty

Property Details

  • Property Type Other
  • Property Size 2,490 SF
  • Lot Size 0.11 Acre
  • Parking Spaces Avail. 1
  • Building Class A
  • Year Built 1958
  • Year Renovated 2023
  • Date Updated Aug 27, 2025
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.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.
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Getting around

  • 91/100

    Walk Score ®

  • 28/100

    Transit Score ®

  • 100/100

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Location

  • City Key West, FL
  • Neighborhood Old Town Key West
  • Zip Code 33040

Points of Interest

  • Chevron

    0.41 miles

  • Citgo

    0.42 miles

  • Circle K

    0.87 miles

  • Shell

    0.91 miles

  • Owen's Oco-Pep

    1.07 miles

  • Electrify America

    2.14 miles

  • Mobil

    2.21 miles

  • Old Town Garage

    0.23 miles

  • 201 Front Street Garage

    0.59 miles

  • Key West Tropical Forest & Botanical Garden

    3.24 miles

  • Oceans Edge Resort & Marina Parking

    4.41 miles

  • NYAH Key West Hotel

    0.10 miles

  • Island City House Hotel

    0.13 miles

  • Westwinds Inn Key West

    0.15 miles

  • Seaport Inn

    0.19 miles

  • Frances Street Bottle Inn

    0.19 miles

  • Fitch Lodge - Key West Historic Inns

    0.22 miles

  • Fitch Lodge

    0.24 miles

  • Marquesa Hotel

    0.24 miles

  • Courtney's Place

    0.27 miles

  • Gardent Cottage

    0.28 miles

  • Olivia Street Grocery

    0.27 miles

  • Faustos

    0.28 miles

  • Fausto's Food Palace

    0.52 miles

  • Bealls Outlet

    1.43 miles

  • Gordon Food Service

    1.45 miles

  • Ross

    1.66 miles

  • Winn-Dixie

    1.73 miles

  • Publix

    1.81 miles

  • Atlantic Grocery

    2.07 miles

  • TJ Maxx

    2.21 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Team Gardner-Langley

Keys Real Estate | Knight & Gardner Realty

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