1128 Simonton Street, Key West, FL 33040
$3,850,000
Property Type:
Commercial Sale
Bedrooms:
6
Baths:
4
Square Footage:
7,468
Lot Size (sq. ft.):
5,133
Status:
Closed
Current Price:
$3,850,000
List Date:
11/16/2021
Last Modified:
10/03/2025
Description
Incredible investment opportunity in the Heart of downtown Key West to own an entire building home to a well-established bar that includes a highly sought after FULL 5 COP LIQUOR LICENSE which includes package liquor sales! 2 Commercial Units are downstairs, the BottleCap Lounge & a small commercial kitchen home to Frank's Kitchen, a TO-GO kitchen with no seating or hood fan. Frank's runs food over to BottleCap patrons which is a bonus. The concrete building is 7468 sft of internal area & 1298 sft of patio & walkways. Upstairs are 4 residential apartments --- 2 two bedrooms / one bath & 2 one bedroom / one bath. The BottleCap has tremendous history dating back to 1934 when it was first established. It consists of a separate cozy bar with a pool table & leads through to an enormous airconditioned lounge and games room that boasts a gorgeous long bar with a cool vibe, pool tables, games, a DJ Booth, a dance floor, state of the art light system with lasers, excellent surround sound system & updated bathrooms. Both lead out to an outdoor patio with lots of seating & a counter-top bar to watch the passersby. The BottleCap is frequented by locals, famous artists & tourists wanting to escape the craziness of Duval St & meet locals. The location is ideal being on the corner of Simonton St & Catherine St & only one block from Duval. It sits in the corridor between the larger hotels on the south side of the island & famous Duval St. This is a fantastic opportunity to purchase an entire building in an ideal location, X Flood Zone with apartments above and a well-established bar below. There is significant untapped potential for enormous growth for the savvy investor or owner-operator.
More Information MLS# 598514
Contract Information
Listing Board: Key West Association
Limited Representation: No
Potential Short Sale: No
Bank Owned: No
Current Price: $3,850,000
Listing Date: 2021-11-16
Sold Price: $3,850,000
Location, Tax & Legal
KW Neighborhood: Old Town-S of Truman
City: KEY WEST
Mile Marker: 1
Marathon Neighborhood: N/A
Side: N/A
Flood Zone: 0.2 PCT ANNUAL CHANC
Alternate Key #: 1028380
Parcel #: 00027600-000000
Zoning: HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med
Legal: KW PT LOT 1 SQR 5 TR 11 G48-60/61
Taxes: 15496.55
Tax Year: 2020
Street #: 1128
Street Name: Simonton
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
Control Depth: 0
Lot Size: 51.33 x 100
Lot SqFt: 5133
Business Name: Bottlecap
Year Established: 1934-01-01
# Parking Spaces: 3
# Stories: 2
SqFt Source: Property Data Card
Total # Buildings: 1
Building SqFt: 7468
Style: Commercial
Living Apx SqFt: 7468
Year Built: 1983
Total Bedrooms: 6
Full Baths: 4
Total Baths: 4
Remarks & Misc
Remarks – Consumer: Incredible investment opportunity in the Heart of downtown Key West to own an entire building home to a well-established bar that includes a highly sought after FULL 5 COP LIQUOR LICENSE which includes package liquor sales! 2 Commercial Units are downstairs, the BottleCap Lounge & a small commercial kitchen home to Frank's Kitchen, a TO-GO kitchen with no seating or hood fan. Frank's runs food over to BottleCap patrons which is a bonus. The concrete building is 7468 sft of internal area & 1298 sft of patio & walkways. Upstairs are 4 residential apartments --- 2 two bedrooms / one bath & 2 one bedroom / one bath. The BottleCap has tremendous history dating back to 1934 when it was first established. It consists of a separate cozy bar with a pool table & leads through to an enormous airconditioned lounge and games room that boasts a gorgeous long bar with a cool vibe, pool tables, games, a DJ Booth, a dance floor, state of the art light system with lasers, excellent surround sound system & updated bathrooms. Both lead out to an outdoor patio with lots of seating & a counter-top bar to watch the passersby. The BottleCap is frequented by locals, famous artists & tourists wanting to escape the craziness of Duval St & meet locals. The location is ideal being on the corner of Simonton St & Catherine St & only one block from Duval. It sits in the corridor between the larger hotels on the south side of the island & famous Duval St. This is a fantastic opportunity to purchase an entire building in an ideal location, X Flood Zone with apartments above and a well-established bar below. There is significant untapped potential for enormous growth for the savvy investor or owner-operator.
Directions: corner of Simonton St. and Catherine St. across from Camille's Restaurant and First State Bank.
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
License Info
5-Cop (Transferable): 1
Type
Apartment 3 or more: 1
Bar: 1
Restaurant: 1
Fee Includes
None: 1
Dockage
None: 1
Appliances
Dishwasher: 1
Dryer: 1
Range: 1
Refrigerator: 1
Washer: 1
Property Info
1 Bed/Bath: 2
2 Bed/Bath: 2
Cooling
Central Air: 1
Waterfront
None: 1
Waterview
No Waterview: 1
Floor
Tile: 1
Wood: 1
Windows/Doors
Impact Rstnce Window: 1
Construction
CBS: 1
Land Size
Less Than 1/4 Acre: 1
Terms
No Seller Finance: 1
Utilities
FKAA: 1
Municipal Sewer: 1
Roof
Tile Roof: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Sold Date: 2022-02-17
Sold Price: $3,850,000
Status: Closed
Property Features
License Info: 5-Cop (Transferable)
Type: Apartment 3 or more; Bar; Restaurant
Waterfront: None
Waterview: No Waterview
Dockage: None
Cooling: Central Air
Utilities: FKAA; Municipal Sewer
Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer
Construction: CBS
Floor: Tile; Wood
Roof: Tile Roof
Land Size: Less Than 1/4 Acre
Fee Includes: None
Terms: No Seller Finance
Listing Office:
Berkshire Hathaway HomeServices Knight & Gardner Realty
Last Updated: October - 03 - 2025
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.
