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
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.
More Information MLS# 596929
Contract Information
Listing Board: Key West Association
Limited Representation: No
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
For Sale/Lease: For Sale
Species List: No
Current Price: $4,250,000
Listing Date: 2021-07-18
Sold Price: $4,250,000
Location, Tax & Legal
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
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
General Property Description
Realtor.COM Type: Commercial
Waterfront: No
Control Depth: 0
Lot Size: Irregular
Lot SqFt: 2541
Business Name: Pepe's Cafe
Total Units: 1
Year Established: 1908-12-31
SqFt Source: Property Data Card
Building SqFt: 887
Style: Commercial
Living Apx SqFt: 2209
Year Built: 1963
Half Baths: 2
Total Baths: 2
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: 1
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
License Info
5-Cop (Transferable): 1
Type
Bar: 1
Restaurant: 1
Fee Includes
None: 1
Dockage
None: 1
Cooling
Ceiling Fans(s): 1
Heat Pump: 1
Waterfront
None: 1
Electric
Circuit Breakers: 1
Waterview
No Waterview: 1
Floor
Concrete: 1
Tile: 1
Wood: 1
Construction
Frame: 1
Land Size
Less Than 1/4 Acre: 1
Utilities
FKAA: 1
Municipal Sewer: 1
Title
Negotiable: 1
Property Rights
Beverage License: 1
Miscellaneous
Handicap Access: 1
Roof
Metal Roof: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Sold Date: 2021-10-15
Sold Price: $4,250,000
Status: Closed
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.