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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

Overview

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.

Listing Details MLS# 618960

Location, Tax & Legal

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
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

Contract Information

Sub Type
Business Opp No-Real Estate
Listing Board
Key West Association
Amount of Rent
18546.03
Limited Representation
No

General Property Description

Realtor.COM Type
Commercial
Style
Business Opportunity
Lot SqFt
18780
Waterfront
No
Business Type
Fitness Center/ Gym
Business Name
Key West Fitness
Building SqFt
7005
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
Yes

More Information

Dockage

None
Yes

Waterview

None
Yes

View

None
Yes

Building Style

Ground Level
Yes

Construction

CBS
Yes

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.