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Investment Highlights

  • Located in historic Old Town Key West, just steps from Duval Street and major island attractions
  • Surrounded by a dynamic mix of restaurants, galleries, and boutique retail storefronts that draw consistent local and tourist traffic
  • Walkability score of 95 makes it a pedestrian-friendly site, ideal for vibrant retail or service-oriented businesses
  • Positioned on Southard Street with convenient accessibility to major thoroughfares on the island

Executive Summary

This large restaurant/bar in the heart of downtown Key West is presently rented for $18,000 NNN a month with over three years remaining on the lease. The location is excellent and the building has an effective rebuild date of 2005. The current tenant may be negotiable. Buy a piece of Key West. Call today.
Agent Remarks: Call me anytime. Darrin 305 849 8683

Property Facts

Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,892 SF
Building Class
C
Year Built/Renovated
1995/2010
Price
$3,295,000
Price Per SF
$673.55
Cap Rate
6.56%
NOI
$216,000
Tenancy
Single
Building Height
2 Stories
Building FAR
0.85
Lot Size
0.13 AC
Zoning
HRO - Historic Residential/Office District
Frontage
126’ on Southard St

Amenities

  • Restaurant
Exceptionally walkable
90/100
Exceptionally drivable
100/100
Limited public transit
30/100
Very bikeable
80/100

Nearby Major Retailers

IGA
Margaritaville
First Horizon Bank
Fat Tuesday
Centennial Bank

Property Taxes

Property Taxes

Parcel Number
00012690-000202
Land Assessment
$1,409,558
Improvements Assessment
$632,432
Total Assessment
$2,041,990
  • Listing ID: 40823968

  • Date on Market: 6/6/2026

  • Last Updated:

  • Address: 404 Southard St, Key West, FL 33040

Contact the Sale Advisor

Big Cheezees Pub & Grub | 404 Southard St

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