806 Caroline Street, Key West, FL 33040 (MLS# 596929)

806 Caroline Street, Key West, FL 33040

$4,250,000

Property Type: Commercial Sale Baths: 2 Square Footage: 2,209 Lot Size (sq. ft.): 2,541 Status: Closed

Current Price: $4,250,000 List Date: 7/18/2021 Last Modified: 9/09/2024

Overview

Description

Retiring owner is offering a once in a lifetime opportunity to oversee the continuing success of Florida Keys' oldest restaurant, Pepe's Cafe & Steakhouse. Established in 1909 and in operation for 112 years. Iconic does not come close to describing this institution. 77 licensed restaurant seats, 5 COP Monroe County Liquor License, full staff, equipment and inventory, the Real Estate and a very strong income are all included in the sale. Open everyday. Indoor and outdoor seating, large bar area. Do not disturb the business but feel free to dine and experience the vibe.

Listing Details MLS# 596929

Location, Tax & Legal

Street #: 806
Street Name: Caroline
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Subdivision: Old Town - Unrecord (1.0)
County: Monroe
Area: 01 - Key West

Contract Information

Listing Board: Key West Association
Limited Representation: No
As is Rght to Inspct: Yes
For Sale/Lease: For Sale
Potential Short Sale: No
Bank Owned: No
Species List: No

General Property Description

Realtor.COM Type: Commercial
Style: Commercial
Lot SqFt: 2541
Waterfront: No
Business Name: Pepe's Cafe
Year Established: 1908-12-31
Building SqFt: 887
SqFt Source: Property Data Card
Living Apx SqFt: 2209
Total Units: Yes
Year Built: 1963
Half Baths: 2
Total Baths: 2

Status Change Info

Under Contract Date: 2021-09-24
Leased Date: 2021-10-15

Association Info

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

Financial Status

Bank Owned: No
Potential Short Sale: No

More Information

Property Features

Deed Restrictions: Unknown License Info: 5-Cop (Transferable) Type: Bar; Restaurant Waterfront: None Waterview: No Waterview Dockage: None Cooling: Ceiling Fans(s); Heat Pump Utilities: FKAA; Municipal Sewer Miscellaneous: Handicap Access Construction: Frame Electric: Circuit Breakers Floor: Concrete; Tile; Wood Roof: Metal Roof Land Size: Less Than 1/4 Acre Fee Includes: None Title: Negotiable Property Rights: Beverage License

Listing Office: Old Town Realty

Last Updated: September - 09 - 2024

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