725 Caroline Street, Key West, FL 33040

$495,000

Property Type: Business Opportunity Baths: 2 Square Footage: 4,302 Lot Size (sq. ft.): 18,780 Status: Active

Current Price: $495,000 List Date: 3/06/2026 Last Modified: 3/11/2026

Description

Rare opportunity to acquire a well-established fitness center in the heart of Old Town Key West. Located on a busy, well-traveled street with excellent visibility and consistent foot traffic from both locals and visitors. The facility offers approximately 4,300 SF of space and comes equipped with a wide range of gym and fitness equipment, allowing for a seamless transition for a new owner. The gym has built a loyal local clientele and also attracts tourists due to its convenient location near many popular Key West destinations. Dedicated parking is located behind the building, with additional on-street parking available nearby for members and guests. Turn-key opportunity to own a long-running fitness business in one of the most desirable and active areas of Key West.

More Information MLS# 618960

Contract Information

Sub Type: Business Opp No-Real Estate Listing Board: Key West Association Amount of Rent: 18546.03 Limited Representation: No Current Price: $495,000 Listing Date: 2026-03-06 List Price: $495,000

Location, Tax & Legal

KW Neighborhood: Old Town-N of Truman City: KEY WEST Mile Marker: 1 Marathon Neighborhood: N/A Side: Bay/Gulf Parcel #: 00000770-000000 Zoning: HRCC(1 - 4) - Hist Res Comm Core 1-4 SF Specl Taxes: 0 Tax Year: 0 Street #: 725 Street Name: Caroline 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

General Property Description

Realtor.COM Type: Commercial Waterfront: No Lot SqFt: 18780 Business Type: Fitness Center/ Gym Business Name: Key West Fitness Building SqFt: 7005 Style: Business Opportunity Living Apx SqFt: 4302 Year Built: 1969 Full Baths: 2 Total Baths: 2

Remarks & Misc

Remarks – Consumer: Rare opportunity to acquire a well-established fitness center in the heart of Old Town Key West. Located on a busy, well-traveled street with excellent visibility and consistent foot traffic from both locals and visitors. The facility offers approximately 4,300 SF of space and comes equipped with a wide range of gym and fitness equipment, allowing for a seamless transition for a new owner. The gym has built a loyal local clientele and also attracts tourists due to its convenient location near many popular Key West destinations. Dedicated parking is located behind the building, with additional on-street parking available nearby for members and guests. Turn-key opportunity to own a long-running fitness business in one of the most desirable and active areas of Key West.

Type

Shop/Strip Center: 1

Dockage

None: 1

Waterview

None: 1

View

None: 1

Building Style

Ground Level: 1

Construction

CBS: 1

Status Change Info

Status: Active

Property Features

Type: Shop/Strip Center Building Style: Ground Level Construction: CBS Dockage: None View: None Waterview: None

Listing Office: Expert Realty LLC (HQ)

Last Updated: March - 11 - 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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