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1202 Simonton St
Key West, FL 33040

Rare Value-Add Restaurant · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Former restaurant with two full bars conveniently located just four blocks from the beach and in a walker's paradise (Walk Score of 94).
  • Fully equipped restaurant providing a value-add opportunity for an owner/user, an investor, or possibly for redevelopment potential.
  • In a "historic commercial pedestrian zone" with proposed multiple uses, including a density bonus if the owner plans to build affordable rate units.
  • Nearby major retailers include IGA, Centennial Bank, Iberia Bank, Bank of America, Denny’s, Starbucks, Margaritaville, and more.

PROPERTY FACTS

Property Type
Retail
Property Subtype
Restaurant
Building Size
4,366 SF
Building Class
C
Year Built
1953
Tenancy
Single
Building Height
1 Story
Building FAR
0.91
Lot Size
0.11 AC
Zoning
HNC-1 - Neighborhood commercial: Simonton, Truman, and S. White Street corridors
Frontage
153 FT on Simonton Street

AMENITIES

  • Corner Lot
  • Restaurant
  • Signage

PROPERTY TAXES

  • Listing ID: 22735671

  • Date on Market: 4/14/2021

  • Last Updated:

  • Address: 1202 Simonton St, Key West, FL 33040