311 Margaret Street, Key West, FL 33040 (MLS# 582797)

311 Margaret Street, Key West, FL 33040

$4,995,000

Property Type: Commercial Sale Square Footage: 8,750 Lot Size (sq. ft.): 8,200 Status: Active

Current Price: $4,995,000 List Date: 11/14/2018 Last Modified: 8/18/2025

Description

Concrete building with loading dock in the Seaport District of Old Town Key West. Currently used as retail/warehouse/workshop downstairs (approx. 5,000 SF) and office/storage/apartment on 2nd floor (approx. 3,750 SF). 9 parking spaces in front and on side. Loading dock and side ramp into building. Building has generator, propane tanks and 3 Phase electric for all kinds of commercial use. Elevated above flood plane. A lot of opportunity in this HRCC 2 zone.

More Information MLS# 582797

Contract Information

Listing Board: Key West Association Limited Representation: No Potential Short Sale: No Bank Owned: No For Sale/Lease: For Sale Current Price: $4,995,000 Listing Date: 2018-11-14 List Price: $4,995,000

Location, Tax & Legal

KW Neighborhood: Old Town-N of Truman City: KEY WEST Mile Marker: 1 Side: Bay/Gulf Flood Zone: AE Alternate Key #: 1002909 Parcel #: 00002810-000100 Zoning: HRCC(1 - 4) - Hist Res Comm Core 1-4 SF Specl Legal: KW PT LOT 3 SQR 20 OR598-45 OR1135-698D/C OR1898-2356/58P/R OR2253-401/02 Taxes: 9594.77 Tax Year: 2017 Street #: 311 Street Name: Margaret Street Suffix: Street Key/Island: Key West State/Province: FL Zip Code: 33040 Subdivision: Old Town - Unlisted (1.0) County: Monroe Area: 02 - Key West

General Property Description

Realtor.COM Type: Commercial Waterfront: No Control Depth: 0 Lot Size: 100' X 82' Lot SqFt: 8200 Total Units: 0 # Parking Spaces: 9 # Stories: 2 Building Ht. Ft.: 25 SqFt Source: Seller Building SqFt: 8750 Style: Commercial Living Apx SqFt: 8750 Year Built: 1981

Remarks & Misc

Remarks – Consumer: Concrete building with loading dock in the Seaport District of Old Town Key West. Currently used as retail/warehouse/workshop downstairs (approx. 5,000 SF) and office/storage/apartment on 2nd floor (approx. 3,750 SF). 9 parking spaces in front and on side. Loading dock and side ramp into building. Building has generator, propane tanks and 3 Phase electric for all kinds of commercial use. Elevated above flood plane. A lot of opportunity in this HRCC 2 zone.

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No

Type

Boat Care: 1 Office Buildings: 1 Professional Service: 1 Retail: 1 Other Services: 1

Fee Includes

Other: 1

Dockage

None: 1

Accounts & Meters

# Water Meters: 1 # Electric Meters: 1

Cooling

Heat Pump: 1

Waterfront

None: 1

Electric

Circuit Breakers: 1 Three Phase: 1

Waterview

No Waterview: 1

Floor

Concrete: 1

Vehicle Storage

Off Street Parking: 1

Construction

Combo Construction: 1 Concrete: 1

Land Size

None: 1

Utilities

FKAA: 1 Generator: 1 Municipal Sewer: 1 Propane: 1

Miscellaneous

Loading Dock: 1 Overhead Doors: 1 Residence on Premise: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Status Change Info

Status: Active

Property Features

Type: Boat Care; Office Buildings; Professional Service; Retail; Other Services Waterfront: None Waterview: No Waterview Dockage: None Vehicle Storage: Off Street Parking Cooling: Heat Pump Utilities: FKAA; Generator; Municipal Sewer; Propane Miscellaneous: Loading Dock; Overhead Doors; Residence on Premise Construction: Combo Construction; Concrete Electric: Circuit Breakers; Three Phase Floor: Concrete Land Size: None Fee Includes: Other

Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty

Last Updated: August - 18 - 2025

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