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806 Caroline Street, Key West, FL 33040

$4,250,000
Property Type: Commercial 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
KW Neighborhood
Old Town-N of Truman
City
KEY WEST
Off Shore Island
No
Mile Marker
1
Marathon Neighborhood
N/A
Side
Bay/Gulf
Flood Zone
AE
Alternate Key #
1003344
Parcel #
00003210000000
Zoning
HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med
Legal
KW Pt Lot 3 Sqr 21 and as per Monroe County Tax Records
Taxes
5549
Tax Year
2020

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
Control Depth
0

Status Change Info

Sold 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

Remarks & Misc

Remarks – Consumer
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.
Directions
On Caloline Street, between William and Margaret Sts.

Deed Restrictions

Unknown
Yes

License Info

5-Cop (Transferable)
Yes

Type

Bar
Yes
Restaurant
Yes

Fee Includes

None
Yes

Dockage

None
Yes

Cooling

Ceiling Fans(s)
Yes
Heat Pump
Yes

Waterfront

None
Yes

Electric

Circuit Breakers
Yes

Waterview

No Waterview
Yes

Floor

Concrete
Yes
Tile
Yes
Wood
Yes

Construction

Frame
Yes

Land Size

Less Than 1/4 Acre
Yes

Utilities

FKAA
Yes
Municipal Sewer
Yes

Title

Negotiable
Yes

Property Rights

Beverage License
Yes

Miscellaneous

Handicap Access
Yes

Roof

Metal Roof
Yes

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
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.