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718-720 Caroline Street

$2,450,000

718-720 Caroline Street, Key West, FL 33040

Active
Last Updated: 08/29/2025

5.66

Cap Rate

138,575.28

NOI

Details:
Cap Rate:    5.66%
NOI:    $138,575.28
Building Size:    3,424 sqft
Occupancy:    100%
Units:    3
Year Built:    1918
Floors:    1
Description:

Introducing a prime investment opportunity at 718-720 Caroline Street, Key West, FL. This historic property boasts a 3,424 SF building with three units, offering versatile retail or street retail spaces for savvy investors. Built in 1918 and zoned HNC(1-3) - Hist Nghborhd Comml 1-3 Coastal Med, this meticulously-maintained property captures the essence of Key West's rich architectural heritage. With a 100% occupancy rate, it presents a lucrative prospect for Retail / Street Retail 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.

Discover the vibrant and historic seaport on Caroline Street area in Key West, FL, offering the perfect blend of charm and commercial opportunity. Nestled in the heart of Old Town Key West, the location offers a desirable mix of foot traffic and local attractions. Visitors and residents alike flock to Duval Street for its renowned shopping and dining experiences. Nearby, Mallory Square hosts the world-famous Sunset Celebration, drawing in crowds with its lively street performers and artisan stalls. The location's proximity to the Key West Historic Seaport and waterfront attractions further enhances its appeal, making it an enticing prospect for Retail / Street Retail investors seeking an iconic Florida destination for their next venture.

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