$1,995,000

718 - 720 Caroline Street, Key West FL, 33040

Price per sqft$582.65

Built in1918

Property size3,424 sqft

Property typeCommercial

Overview

Active

Listed Sep 11, 2025

Updated Sep 5

Introducing a prime investment opportunity at 718-720 Caroline Street, Key West, FL now offered at a 6.7% cap rate. This historic property boasts a 3,424 SF building with three commercial units, offering versatile retail or street retail spaces for savvy investors. Built in 1918 this meticulously-maintained property captures the essence of Key West's rich architectural heritage. With a current 100% occupancy rate, it presents a lucrative prospect for investors seeking a flourishing market with a strong tenant base. Don't miss the chance to own a piece of Key West's history and secure a profitable venture in this sought-after commercial district. Businesses not for sale, please do no disturb the businesses.

Additional information

MLS^® ID: 616452

Interior Features

Bedrooms: 0
Bathrooms: 3
Basement: No

Other Property Details

Taxes: $2,781
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 9/5/2026. 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 9/5/2026 at 5:01 AM UTC