For Sale
$2,999,999

1900 Flagler AveKey West, FL 33040

Prime Location, Turnkey Operation, High Returns

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional Key West investment opportunity presents a thriving Irish bar and restaurant, complete with a substantial building, ideally situated at the corner of Bertha, First, and Flagler Streets. Boasting 7,000 square feet of net rentable space within a 5,061-7,000 square foot building constructed in 1958, this Class A property sits on a 0.33-acre lot and offers 24 dedicated parking spaces – a significant advantage in this high-traffic area. Currently operating at 100% occupancy, the business includes 150 licensed seats, qualifying for an SRX Liquor License and an Entertainment License. The property's zoning is CL-Limited Commercial. Adding to its appeal is a unique live-work component: a second-floor, four-bedroom residential apartment with an additional office space. This turnkey operation is a short walk from the beach and benefits from municipal city water and sewer services. The asking price is $2,999,999, and the property is available for a 1031 exchange. This is a rare chance to acquire a well-established business with significant upside potential in a highly desirable Key West location. The property consists of two units and is privately owned.

Highlights

  • Thriving Irish bar and restaurant with 7,000 SF of net rentable space in a 5,061-7,000 SF building on a 0.33-acre lot.
  • 24 dedicated parking spaces.
  • High-traffic corner location at Bertha, First, and Flagler Streets in Key West.
  • Includes a 4-bedroom apartment with an additional office above the restaurant.
  • Municipal water and sewer; short walk to the beach.

Property Details for 1900 Flagler Ave

Property type
Square Feet
5,061 SF
Class
A
Year Built
1958
Buildings
1
Stories
2
Lot Size (sq. ft)
14,375 SF
Units
2

Location Insight

City
Key West
County
Monroe
State
Florida
Latitude
24.5550076
Longitude
-81.7796206
1900 Flagler Ave, Key West, Florida

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1900 Flagler Ave
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