718 - 720 Caroline Street, Key West, FL 33040
$2,095,000
Property Type:
Commercial Sale
Baths:
3
Square Footage:
3,424
Status:
Active
Current Price:
$2,095,000
List Date:
9/11/2025
Last Modified:
2/17/2026
Description
Introducing a prime investment opportunity at 718-720 Caroline Street, Key West, FL now offered at a 6.5% cap rate. This historic property boasts a 3,424 SF building with three commercial units, offering versatile retail or street retail spaces for savvy investors. Built in 1918 this meticulously-maintained property captures the essence of Key West's rich architectural heritage. With a current 100% occupancy rate, it presents a lucrative prospect for investors seeking a flourishing market with a strong tenant base. Don't miss the chance to own a piece of Key West's history and secure a profitable venture in this sought-after commercial district. Businesses not for sale, please do no disturb the businesses.
More Information MLS# 616452
Contract Information
Current Price: $2,095,000
Listing Date: 2025-09-11
Listing Board: Key West Association
List Price: $2,095,000
Limited Representation: No
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Species List: No
Location Tax Legal
Street #: 718 - 720
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
Style: Commercial
Lot Size: 61.9 X 74
Waterfront: No
Building SqFt: 3424
SqFt Source: Seller
Living Apx SqFt: 3424
Total Units: 3
Year Built: 1918
Half Baths: 3
Total Baths: 3
Status Change Info
Status: Active
Association Info
Mandatory Home Owners Asc: Yes
1st Right of Refusal: No
Financial Status
Bank Owned: No
Potential Short Sale: No
Property Features
Type: Office Buildings; Retail; Other Services
Waterfront: None
Waterview: No Waterview
Dockage: None
Utilities: FKAA; Municipal Sewer; Separate Meters
Appliances: No Appliances
Construction: Frame
Land Size: Less Than 1/4 Acre
Fee Includes: Building Insurance; Common Area Mnt; Exterminating
Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty
Last Updated: February - 17 - 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.
