Key West Restaurant, Bar & Apartments – Multiple Income Streams
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Turnkey restaurant and bar opportunity
Imagine yourself operating a thriving restaurant and bar in the heart of Key West's legendary entertainment district! This incredible lease opportunity puts you just half a block from the famous Duval Street, surrounded by iconic establishments like Sloppy Joe's and Hog's Breath Saloon.
You'll get 3,648 square feet of prime space across three buildings on two parcels. The turnkey venue comes fully equipped with everything you need: two outdoor bars perfect for Key West's year-round outdoor dining culture, a music stage for live entertainment, spacious bathrooms, and a complete commercial kitchen. All furniture and fixtures are included, so you can start serving customers right away.
Here's what makes this opportunity special - you're not just getting a restaurant. The property includes six one-bedroom apartments on the second floor, plus there's already a tattoo parlor sublease in place. These additional income streams help offset your rent, giving you financial flexibility as you build your restaurant business.
The location is licensed for 266 seats, mostly outdoor, positioning you perfectly in Old Town's bustling restaurant scene. You'll benefit from constant foot traffic and be steps away from Key West's most popular nightlife destinations.
The lease terms are straightforward: $18,500 base rent monthly plus NNN with taxes paid monthly. There's an additional $3,500 monthly for the unrestricted 5 COP liquor license under separate agreement. A five-year lease term is available, and $200,000 in new equipment is negotiable.
This turnkey operation in Key West's prime entertainment corridor offers multiple revenue streams and endless potential. The location, licensing, and existing infrastructure make this a rare find in one of Florida's most desirable tourist destinations.
You'll get 3,648 square feet of prime space across three buildings on two parcels. The turnkey venue comes fully equipped with everything you need: two outdoor bars perfect for Key West's year-round outdoor dining culture, a music stage for live entertainment, spacious bathrooms, and a complete commercial kitchen. All furniture and fixtures are included, so you can start serving customers right away.
Here's what makes this opportunity special - you're not just getting a restaurant. The property includes six one-bedroom apartments on the second floor, plus there's already a tattoo parlor sublease in place. These additional income streams help offset your rent, giving you financial flexibility as you build your restaurant business.
The location is licensed for 266 seats, mostly outdoor, positioning you perfectly in Old Town's bustling restaurant scene. You'll benefit from constant foot traffic and be steps away from Key West's most popular nightlife destinations.
The lease terms are straightforward: $18,500 base rent monthly plus NNN with taxes paid monthly. There's an additional $3,500 monthly for the unrestricted 5 COP liquor license under separate agreement. A five-year lease term is available, and $200,000 in new equipment is negotiable.
This turnkey operation in Key West's prime entertainment corridor offers multiple revenue streams and endless potential. The location, licensing, and existing infrastructure make this a rare find in one of Florida's most desirable tourist destinations.
About the Property
- Type
- Building Status
- Established
- Facilities & Assets
- This rare Old Town Key West opportunity offers approximately 3,648 square feet of leasable space on two parcels with three buildings designed for restaurant, bar, and entertainment use. The venue includes a fully equipped commercial kitchen, two outdoor bars, live music stage, large public restrooms, and furniture, fixtures, and equipment needed to begin operations. Licensed for more than 175 seats with a capacity exceeding 200 patrons, the property also benefits from income generated by six second-floor one-bedroom apartments and an existing tattoo shop sublease. Located just steps from Duval Street in the heart of Key West's entertainment district, the property enjoys exceptional pedestrian traffic. An unrestricted 5COP liquor license is available through a separate agreement, and approximately $200,000 in restaurant and bar equipment is negotiable, creating a true turnkey opportunity.
- Location Description
- Located in the heart of Old Town Key West at the corner of Charles Street and Telegraph Lane, this property is just one-half block from the famous Duval Street entertainment district. Surrounded by popular bars, restaurants, hotels, and tourist attractions, it benefits from exceptional year-round pedestrian traffic. The location is steps from Sloppy Joe's Bar, Irish Kevin's, and other well-known nightlife venues, placing it in the center of Key West's hospitality and entertainment scene.
- Current & Prior Use
- The property is currently operated as a restaurant, bar, and entertainment venue in Old Town Key West. The site includes multiple bar areas, a commercial kitchen, outdoor entertainment space, and a music stage designed for high-volume food and beverage operations. Additional uses include a tattoo shop sublease and six residential apartments on the second floor. The property has a long history of hospitality, food and beverage, and entertainment use, making it well suited for continued restaurant, bar, or nightlife operations.
About the Lease
- Rent
- $18,500.00 per month
- Lease Is NNN
- No
- Lease Terms
- 5 year lease
Listing Info
- ID
- 2520717
- Listing Views
Attached DocumentsAttachment Disclaimer
4 and 6 Charles St, Key West, FL _ MLS #620313 _ flexmls Web.pdf
Business Location
Listing ID: 2520717 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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