402 Appelrouth Lane, Key West, FL 33040

About this home

**6%+ Cap Rate Opportunity ** Now offered at $2,490,000, this income producing Old Town property offers strong cash flow and immediate investor appeal. Located 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.

Property details

Property Type

Commercial

Year Built

1943

Lot Size

3,636 sq ft

Annual Taxes

$14,665/yr

Subdivision

Jack Sq Prof Cent (1.0)

Days on Market

340

Listed

October 24, 2025

MLS #

617030

Location