725 Caroline Street, Key West, FL 33040

$495,000
Property Type: Business Opportunity Baths: 2 Square Footage: 4,302 Lot Size (sq. ft.): 18,780 Status: Active
Current Price: $495,000 List Date: 3/06/2026 Last Modified: 3/11/2026

Description

Rare opportunity to acquire a well-established fitness center in the heart of Old Town Key West. Located on a busy, well-traveled street with excellent visibility and consistent foot traffic from both locals and visitors. The facility offers approximately 4,300 SF of space and comes equipped with a wide range of gym and fitness equipment, allowing for a seamless transition for a new owner. The gym has built a loyal local clientele and also attracts tourists due to its convenient location near many popular Key West destinations. Dedicated parking is located behind the building, with additional on-street parking available nearby for members and guests. Turn-key opportunity to own a long-running fitness business in one of the most desirable and active areas of Key West.

More Information MLS# 618960

Contract Information

Current Price: $495,000 Sub Type: Business Opp No-Real Estate Listing Date: 2026-03-06 Listing Board: Key West Association List Price: $495,000 Amount of Rent: 18546.03 Limited Representation: No

Location Tax Legal

Street #: 725 Street Name: Caroline Street Suffix: Street Key/Island: Key West State/Province: FL Zip Code: 33040 Subdivision: Old Town - Unlisted (1.0) County: Monroe Area: 02 - Key West

General Property Description

Realtor.COM Type: Commercial Style: Business Opportunity Lot SqFt: 18780 Waterfront: No Business Type: Fitness Center/ Gym Business Name: Key West Fitness Building SqFt: 7005 Living Apx SqFt: 4302 Year Built: 1969 Full Baths: 2 Total Baths: 2

Status Change Info

Status: Active

Property Features

Type: Shop/Strip Center Building Style: Ground Level Construction: CBS Dockage: None View: None Waterview: None
Listing Office: Expert Realty LLC (HQ)
Last Updated: March - 11 - 2026
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