$3,475,000

1215 Duval Street, Key West FL, 33040

Price per sqft$1,548.57

Built in1953

Property size2,244 sqft

Property typeCommercial

Overview

Active

Listed Jul 21, 2026

Updated 11 days ago

Rare chance to own a piece of the most iconic street in the Florida Keys. This turn-key commercial building at 1215 Duval Street is offered at a 7.04% cap rate with a solid, established long-time successful restaurant as the tenant and a lease already in place. (Note: the business is not for sale; the real estate and the income-producing lease are.) Positioned in the heart of Old Town's high-traffic corridor, the property benefits from year-round foot traffic, world-famous Duval Street exposure, and the enduring demand that makes Key West commercial real estate so limited and so coveted. With a dependable tenant and stabilized income from day one, this is a true passive, hands-off investment in one of the strongest small-market commercial locations in the country. Opportunities to acquire well-located Duval Street commercial real estate with an in-place lease and a proven tenant are exceedingly rare. Whether you're a 1031 exchange buyer seeking reliable cash flow or an investor looking to plant roots in paradise, 1215 Duval Street delivers location, income, and long-term upside. Schedule your private showing today.

Additional information

MLS^® ID: 620701

Interior Features

Bedrooms: 0
Bathrooms: 2
Cooling: Yes
Basement: No

Exterior Features

Lot Size: 0.06 Acres

Other Property Details

Taxes: $10,517
Tax Frequency: Annually
View: Yes

Listed by Team Gardner/Langley with Berkshire Hathaway HomeServices Knight & Gardner Realty
Listing Contact: 305-902-2447

The IDX display contains information sourced from the Florida Keys Board of REALTORS® as of 9/29/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated on 9/29/2026 at 3:25 AM UTC