1215 Duval Street, Key West, FL 33040

New Listing

$3,675,000

Property Type: Commercial Sale Baths: 2 Square Footage: 2,244 Lot Size (sq. ft.): 2,400 Status: Active

Current Price: $3,675,000 List Date: 7/21/2026 Last Modified: 7/23/2026

Overview

Description

Rare chance to own a piece of the most iconic street in the Florida Keys. This turn-key commercial building at 1215 Duval Street is offered at a 7.0% cap rate with a solid, established long-time successful restaurant as the tenant and a lease already in place. (Note: the business is not for sale; the real estate and the income-producing lease are.) Positioned in the heart of Old Town's high-traffic corridor, the property benefits from year-round foot traffic, world-famous Duval Street exposure, and the enduring demand that makes Key West commercial real estate so limited and so coveted. With a dependable tenant and stabilized income from day one, this is a true passive, hands-off investment in one of the strongest small-market commercial locations in the country. Opportunities to acquire well-located Duval Street commercial real estate with an in-place lease and a proven tenant are exceedingly rare. Whether you're a 1031 exchange buyer seeking reliable cash flow or an investor lo ... (Read more)

Listing Details MLS# 620701

Location, Tax & Legal

Street #: 1215
Street Name: Duval
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Subdivision: Old Town - Unlisted (1.0)
County: Monroe
Area: 02 - Key West
KW Neighborhood: Old Town-S of Truman
City: KEY WEST
Off Shore Island: No
Mile Marker: 1
Marathon Neighborhood: N/A
Side: N/A
Alternate Key #: 1029254
Parcel #: 00028460000000
Zoning: HRCC - Historic Residential Commercial Core
Legal: Kw Pt Lt 4 Sqr 8 Tr 11 (L-215) Or259-577/78 Or478-613 Or713-17 Or1011-1307/08 Or1401-1894/96 Or1645-1088/89 Or2055-261/6
Taxes: 10517.24
Tax Year: 2025

Contract Information

Listing Board: Key West Association
Limited Representation: No
Potential Short Sale: No
Bank Owned: No

General Property Description

Realtor.COM Type: Commercial
Style: Commercial
Lot SqFt: 2400
Waterfront: No
Building SqFt: 2244
SqFt Source: Property Data Card
Living Apx SqFt: 2244
Year Built: 1953
Half Baths: 2
Total Baths: 2
Control Depth: 0

Association Info

Mandatory Home Owners Asc: No
1st Right of Refusal: No

Property Info

# Kitchens: Yes

More Information

Financial Status

Bank Owned: No
Potential Short Sale: No

Remarks & Misc

Remarks – Consumer: Rare chance to own a piece of the most iconic street in the Florida Keys. This turn-key commercial building at 1215 Duval Street is offered at a 7.0% cap rate with a solid, established long-time successful restaurant as the tenant and a lease already in place. (Note: the business is not for sale; the real estate and the income-producing lease are.) Positioned in the heart of Old Town's high-traffic corridor, the property benefits from year-round foot traffic, world-famous Duval Street exposure, and the enduring demand that makes Key West commercial real estate so limited and so coveted. With a dependable tenant and stabilized income from day one, this is a true passive, hands-off investment in one of the strongest small-market commercial locations in the country. Opportunities to acquire well-located Duval Street commercial real estate with an in-place lease and a proven tenant are exceedingly rare. Whether you're a 1031 exchange buyer seeking reliable cash flow or an investor looking to plant roots in paradise, 1215 Duval Street delivers location, income, and long-term upside. Schedule your private showing today.

Type

Restaurant: Yes
Retail: Yes

Fee Includes

None: Yes

Dockage

None: Yes

Appliances

No Appliances: Yes

Cooling

Ceiling Fans(s): Yes

Waterfront

None: Yes

Electric

Circuit Breakers: Yes

Waterview

No Waterview: Yes

Vehicle Storage

Off Street Parking: Yes

Construction

CBS: Yes

Land Size

Less Than 1/4 Acre: Yes

Utilities

FKAA: Yes
Municipal Sewer: Yes

Roof

Metal Roof: Yes

Property Features

Type: Restaurant; Retail Waterfront: None Waterview: No Waterview Dockage: None Vehicle Storage: Off Street Parking Cooling: Ceiling Fans(s) Utilities: FKAA; Municipal Sewer Appliances: No Appliances Construction: CBS Electric: Circuit Breakers Roof: Metal Roof Land Size: Less Than 1/4 Acre Fee Includes: None

Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty

Last Updated: July - 23 - 2026

The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.

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