806 Caroline Street, Key West, FL 33040 (MLS# 596929)

806 Caroline Street, Key West, FL 33040

$4,250,000

Property Type: Commercial Baths: 2 Square Footage: 2,209 Lot Size (sq. ft.): 2,541 Status: Closed

Current Price: $4,250,000 List Date: 7/18/2021 Last Modified: 9/09/2024

Description

Retiring owner is offering a once in a lifetime opportunity to oversee the continuing success of Florida Keys' oldest restaurant, Pepe's Cafe & Steakhouse. Established in 1909 and in operation for 112 years. Iconic does not come close to describing this institution. 77 licensed restaurant seats, 5 COP Monroe County Liquor License, full staff, equipment and inventory, the Real Estate and a very strong income are all included in the sale. Open everyday. Indoor and outdoor seating, large bar area. Do not disturb the business but feel free to dine and experience the vibe.

More Information MLS# 596929

Contract Information

Listing Board: Key West Association Limited Representation: No As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No For Sale/Lease: For Sale Species List: No Current Price: $4,250,000 Listing Date: 2021-07-18 Sold Price: $4,250,000

Location, Tax & Legal

KW Neighborhood: Old Town-N of Truman City: KEY WEST Off Shore Island: No Mile Marker: 1 Marathon Neighborhood: N/A Side: Bay/Gulf Flood Zone: AE Alternate Key #: 1003344 Parcel #: 00003210000000 Zoning: HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med Legal: KW Pt Lot 3 Sqr 21 and as per Monroe County Tax Records Taxes: 5549 Tax Year: 2020 Street #: 806 Street Name: Caroline Street Suffix: Street Key/Island: Key West State/Province: FL Zip Code: 33040 Subdivision: Old Town - Unrecord (1.0) County: Monroe Area: 01 - Key West

General Property Description

Realtor.COM Type: Commercial Waterfront: No Control Depth: 0 Lot Size: Irregular Lot SqFt: 2541 Business Name: Pepe's Cafe Total Units: 1 Year Established: 1908-12-31 SqFt Source: Property Data Card Building SqFt: 887 Style: Commercial Living Apx SqFt: 2209 Year Built: 1963 Half Baths: 2 Total Baths: 2

Remarks & Misc

Remarks – Consumer: Retiring owner is offering a once in a lifetime opportunity to oversee the continuing success of Florida Keys' oldest restaurant, Pepe's Cafe & Steakhouse. Established in 1909 and in operation for 112 years. Iconic does not come close to describing this institution. 77 licensed restaurant seats, 5 COP Monroe County Liquor License, full staff, equipment and inventory, the Real Estate and a very strong income are all included in the sale. Open everyday. Indoor and outdoor seating, large bar area. Do not disturb the business but feel free to dine and experience the vibe. Directions: On Caloline Street, between William and Margaret Sts.

Deed Restrictions

Unknown: 1

Association Info

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

License Info

5-Cop (Transferable): 1

Type

Bar: 1 Restaurant: 1

Fee Includes

None: 1

Dockage

None: 1

Cooling

Ceiling Fans(s): 1 Heat Pump: 1

Waterfront

None: 1

Electric

Circuit Breakers: 1

Waterview

No Waterview: 1

Floor

Concrete: 1 Tile: 1 Wood: 1

Construction

Frame: 1

Land Size

Less Than 1/4 Acre: 1

Utilities

FKAA: 1 Municipal Sewer: 1

Title

Negotiable: 1

Property Rights

Beverage License: 1

Miscellaneous

Handicap Access: 1

Roof

Metal Roof: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Status Change Info

Sold Date: 2021-10-15 Sold Price: $4,250,000 Status: Closed

Property Features

Deed Restrictions: Unknown License Info: 5-Cop (Transferable) Type: Bar; Restaurant Waterfront: None Waterview: No Waterview Dockage: None Cooling: Ceiling Fans(s); Heat Pump Utilities: FKAA; Municipal Sewer Miscellaneous: Handicap Access Construction: Frame Electric: Circuit Breakers Floor: Concrete; Tile; Wood Roof: Metal Roof Land Size: Less Than 1/4 Acre Fee Includes: None Title: Negotiable Property Rights: Beverage License

Listing Office: Old Town Realty

Last Updated: September - 09 - 2024

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