$1,500,000
( $703.56Per Sq Foot )
 $8,052 est/mo Sourced by Back At You

223 Petronia Street,KEY WEST, FL 33040

KEY WEST, FL 33040

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Description

Rare commercial property for sale on the vibrant Petronia Street Corridor in Bahama Village! Spanning 2,132 square feet over two storiesplus a third-floor storage areathis spacious property includes a covered balcony and a fully equipped commercial kitchen. Currently configured as a 98-seat restaurant, the space can be easily reimagined for a variety of uses thanks to its flexible HNCD zoning. Whether you're dreaming of a boutique retail space, creative office hub, wellness studio, or café, this property is a blank canvas for your next venture. In addition to being offered for sale, the property is also available for lease at $12,000/month + triple net (NNN), offering multiple options for those looking to establish a business in a prime Key West location. Surrounded by some of Key West's most beloved destinationsjust steps from Blue Heaven and Santiago's Bodegayou'll also benefit from proximity to the Truman Waterfront Park, Coffee Butler Amphitheater, Fort Zachary Taylor, and brand-new residential developments just two blocks away. Tap into the energy of Bahama Village and make your mark in one of Key West's most iconic neighborhoods.

Details

MLS #614906
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year2001
Days On Site49
Listing Provided ByeXp Realty LLC | Megan McDowell

Features

Bath(s) 3 Total
SQ Feet2,132
Story(s)2
ZoningHNC(1-3) - Hist Nghborhd Comml 1
Acreage0.04
Property ViewNo Waterview

Taxes

Property9010

Market Activity 33040

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MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Florida Keys Board of Realtors.

The data relating to real estate for sale on this web site come s in part from the Internet Data Exchange program of the Marathon and Lower Keys Association of REALTORS®, Inc. MLS. Real Estate listings held by brokerage firms other than Coldwell Banker Schmitt are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office.

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Learn More About This Property

StateFL
CountyMonroe
CityKEY WEST
Zip Code33040
Area02 Key West
Community NameOld Town Unlisted (1.0)
Listing VS Median (in Old Town Unlisted (1.0))
Price:
$1,500,000
low | high
Med:
$1,450,000
53.333333333333% of Average
SqFt:
2,132
low | high
Med:
2,080
52.439024390244% of Average
$ / SqFt:
$704
low | high
Med:
$697
50.916666666667% of Average
On site:
49
low | high
Med:
78.000000
62.820512820513% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.125M - $1.875M
SqFt: 1,500 - 2,500
Nearby Listings Property ImageNearby Listings Details
720-726 Emma Street Property Photo 1
$1,699,000
720-726 Emma Street
Key West, FL 33040
Listing Updated: June 9, 2025 at 11:51:47 PM PDT