402 Appelrouth Lane, Key West, FL 33040 (MLS# 617030)

402 Appelrouth Lane, Key West, FL 33040

$2,890,000

Property Type: Commercial Sale Bedrooms: 3 Baths: 8 Lot Size (sq. ft.): 3,636 Status: Active

Current Price: $2,890,000 List Date: 10/25/2025 Last Modified: 10/25/2025

Description

Located in the heart of Old Town Key West and just steps from Duval Street, 402 Appelrouth Lane offers a rare investment opportunity in a premier X Flood Zone location. This mixed use property has income potential from residential and commercial units. With over 5000sqft of interior space this iconic structure showcases tall ceilings, historic architectural character and custom artistic details that give it Old Town Charm. Appelrouth Lane is known for strong foot traffic, established neighboring businesses and a desirable central location. just minutes from restaurants, galleries, shopping and Key West nightlife. Opportunities like this are exceptionally rare.

More Information MLS# 617030

Contract Information

Listing Board: Key West Association Limited Representation: No Potential Short Sale: No Bank Owned: No Current Price: $2,890,000 Listing Date: 2025-10-24 List Price: $2,890,000

Location, Tax & Legal

KW Neighborhood: Old Town-N of Truman City: KEY WEST Mile Marker: 1 Marathon Neighborhood: N/A Side: Median Flood Zone: X Flood Zone Alternate Key #: 8775628 Parcel #: 00010000-000101 Zoning: HRO - Historic Residential/Office Legal: Jackson Square Professional Center a Condominium KW PT Lot 4 SQR 50 Taxes: 14665 Tax Year: 2025 Street #: 402 Street Name: Appelrouth Street Suffix: Lane Key/Island: Key West State/Province: FL Zip Code: 33040 Subdivision: Jack Sq Prof Cent (1.0) County: Monroe Area: 01 - Key West

General Property Description

Realtor.COM Type: Commercial Waterfront: No Control Depth: 0 Lot Size: 44.25 x 82.17 Lot SqFt: 3636 # Stories: 3 Style: Commercial Year Built: 1943 Total Bedrooms: 3 Full Baths: 6 Half Baths: 2 Total Baths: 8

Remarks & Misc

Remarks – Consumer: Located in the heart of Old Town Key West and just steps from Duval Street, 402 Appelrouth Lane offers a rare investment opportunity in a premier X Flood Zone location. This mixed use property has income potential from residential and commercial units. With over 5000sqft of interior space this iconic structure showcases tall ceilings, historic architectural character and custom artistic details that give it Old Town Charm. Appelrouth Lane is known for strong foot traffic, established neighboring businesses and a desirable central location. just minutes from restaurants, galleries, shopping and Key West nightlife. Opportunities like this are exceptionally rare. Directions: Located between the 500 blocks of Duval Street and Whitehead

Association Info

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

Type

Apartment 3 or more: 1 Office Buildings: 1 Professional Service: 1

Fee Includes

None: 1

Dockage

None: 1

Accounts & Meters

# Water Meters: 1 # Electric Meters: 3

Appliances

Refrigerator: 1

Cooling

Ceiling Fans(s): 1 Central Air: 1 Wall/Window Unit(s): 1

Waterfront

None: 1

Waterview

No Waterview: 1

Floor

Combo: 1 Wood: 1

Construction

Frame: 1

Land Size

Less Than 1/4 Acre: 1

Utilities

FKAA: 1 Municipal Sewer: 1

Property Rights

Multi-Use/Commercial: 1

Miscellaneous

High Traffc Location: 1 High Visibility: 1

Roof

Metal Roof: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Status Change Info

Status: Active

Property Features

Type: Apartment 3 or more; Office Buildings; Professional Service Waterfront: None Waterview: No Waterview Dockage: None Cooling: Ceiling Fans(s); Central Air; Wall/Window Unit(s) Utilities: FKAA; Municipal Sewer Appliances: Refrigerator Miscellaneous: High Traffc Location; High Visibility Construction: Frame Floor: Combo; Wood Roof: Metal Roof Land Size: Less Than 1/4 Acre Fee Includes: None Property Rights: Multi-Use/Commercial

Listing Office: Preferred Properties (KW)

Last Updated: October - 25 - 2025

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