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816 Duval St

2,695 SF Retail Building Key West, FL 33040 $5,195,000 ($1,928/SF)

Investment Highlights

  • Heavy Duval St Foot Traffic Day and Night
  • 5COP Liquor License and Huge Kitchen that can easily service all 128 seats plus outside catering
  • Iconic & Historic Old Town Key West Building with Outdoor Dining

Executive Summary

EXTRAORDINARY RESTAURANT & BAR OPPORTUNITY! This historic and uniquely Key West indoor/outdoor restaurant and bar is in an ideal location in the heart of world-famous Duval Street. The current owners, sadly forced to sell due to personal health issues, have renovated the entire space and completed the grueling approval process that increased seating capacity and added significant value. The property, 2,695 SF of air-conditioned interior space with an additional 2,697 SF of usable shaded outdoor space, much of it covered, sits on a 4,470 SF tropically landscaped lot. The building has been transformed from the previous iconic French bakery, which was authorized for 71 seats and with only a beer and wine license, to a full service, all on one level, 128-seat destination restaurant, now with a 5COP Liquor License and full bar overlooking the electric energy of Duval Street. The renovation, led by one of Key West’s top architects and accomplished by one of Key West’s finest contractors, addressed all the major structural and maintenance issues and the result is simply stunning. The huge commercial kitchen is fully equipped and can easily service the 128 seats plus additional catering. All of the new tables, chairs, fixtures, equipment, professional landscaping, and lighting will convey with the sale. The current business and “Bangkok Happy Bowl” name, however, will not convey. This is an incredible ‘turn-key’ opportunity for a new owner, who could begin serving cocktails and food the moment they walk away from the closing table! A full inventory and equipment list will be provided to qualified buyers.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,695 SF
Building Class
C
Year Built
1928
Price
$5,195,000
Price Per SF
$1,928
Tenancy
Single
Building Height
1 Story
Building FAR
0.56
Lot Size
0.11 AC
Zoning
HRCC3
Frontage
47 FT on Duval St

Amenities

  • Courtyard
  • Fenced Lot
  • Restaurant
  • Signage
  • Accent Lighting
  • Air Conditioning
  • Balcony
Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (85)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Centennial Bank
Margaritaville
IGA
Hard Rock Cafe
Fat Tuesday
First Horizon Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
00017160-000000
Land Assessment
$1,770,120
Improvements Assessment
$275,563
Total Assessment
$2,045,683
  • Listing ID: 34095853

  • Date on Market: 12/5/2024

  • Last Updated:

  • Address: 816 Duval St, Key West, FL 33040

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