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28199042
28199057

507 South St, Key West, FL 33040

CS
FL FL 263500131
RE/MAX All Keys Real Estate
BC
FL 3428120
RE/MAX Keys Connection
Listed by RE/MAX All Keys Real Estate, RE/MAX Keys Connection
$659,000
227 days on market
Updated 23 days ago

Key West Seafood Restaurant

Details
Property Type Business for Sale, Hospitality
Sub Type Business Only
Square Footage 512
Net Rentable (SqFt) 512
Units 1
Cap Rate 46.89%
NOI $309,000
Tenancy Multi
Lease Type NNN
Lease Term 5
Lease Expiration 02/28/2030
Remaining Term 3.7
Rent Bumps Yes
Pro-Forma Cap Rate 46.89%
Pro-Forma NOI $309,000
Price per SqFt $1,287
Broker Co-Op Yes
Zoning HRCC(1 - 4) - Hist Res Comm Core 1-4 SF Specl
Lease Commencement 03/01/2025
Occupancy Date 12/01/2025
Ground Lease No

Rated One of Key West's Top 10 Seafood Restaurants!!

Marketing description

Successful and Money Making Seafood Restaurant for sale! Business/Leasehold Only, no real estate included.

Thriving walk up eatery has streamlined operations and small, delicious menu of Lobster Rolls, shrimp, salads & drinks.

Indoor and outdoor seating, licensed for 20 seats total.

Location offers high foot traffic with walk up ordering & table service, or To Go.

Offering assumption of existing lease with a 4.5 year balance on lease.

Owners are operators and started the business in 2017. Small staff of only 2-3 people is required.

Current hours are only 11am to 4pm, 5 days per week, Tuesday- Saturday.

Immediate growth opportunity to expand business hours & delivery services for additional income.

Business Name is Trademarked & opportunity for franchising.

Includes Goodwill & all Furniture, Fixtures & Equipment & Beer/Wine license.

Cooking process & trade secrets are an added bonus!

Profitable business with proven income. NDA required for detailed information.

Highly regarded with a continuous 4.7 Star rating on Google and TripAdvisor

One of the top 10 rated Seafood Restaurants in all of Key West!

Listing Contacts

CS
FL FL 263500131
RE/MAX All Keys Real Estate
BC
FL 3428120
RE/MAX Keys Connection
Listed by RE/MAX All Keys Real Estate, RE/MAX Keys Connection

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$309,000.00
$25,750.00/mo

Valuation Metrics

0
DSCR
46.89%
Cap Rate
46.89%
ROI

Map

Zoning

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Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Curtis A. Skomp, CCIM
License
FL 263500131
Name
Bobby Coe
License
3428120
Brokerage
Re/Max
Brokerage Phone
3053639665
Title
Broker Associate
Brokerage Address
517 Duval Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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