718 - 720 Caroline Street, Key West, FL 33040

About this home

Introducing a prime investment opportunity at 718-720 Caroline Street, Key West, FL now offered at a 6.7% cap rate. This historic property boasts a 3,424 SF building with three commercial units, offering versatile retail or street retail spaces for savvy investors. Built in 1918 this meticulously-maintained property captures the essence of Key West's rich architectural heritage. With a current 100% occupancy rate, it presents a lucrative prospect for 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. Businesses not for sale, please do no disturb the businesses.

Property details

Property Type

Commercial

Year Built

1918

Annual Taxes

$2,781/yr

Subdivision

Old Town - Unrecord (1.0)

Days on Market

369

Listed

September 11, 2025

MLS #

616452

Location