$4,250,000
Key West, FL 33040
MLS# 596929
Status: Closed
2 baths | 2209 sqft
1 / 17
Property 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.
Details
Maps
Contract Information
Current Price: $4,250,000
Listing Date: 2021-07-18
Listing Board: Key West Association
Leased Price Monthly: $4,250,000
Limited Representation: No
As is Rght to Inspct: Yes
For Sale/Lease: For Sale
Potential Short Sale: No
Bank Owned: No
Species List: No
Location, Tax & Legal
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
Style: Commercial
Lot Size: Irregular
Lot SqFt: 2541
Waterfront: No
Business Name: Pepe's Cafe
Year Established: 1908-12-31
Building SqFt: 887
SqFt Source: Property Data Card
Living Apx SqFt: 2209
Total Units: 1
Year Built: 1963
Half Baths: 2
Total Baths: 2
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Under Contract Date: 2021-09-24
Leased Date: 2021-10-15
Leased Price Monthly: $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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