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1128 Simonton Street

Key West, FL 33040
  • $3,995,000
  • STATUS: Active
  • ON SITE: 12 Days
  • MLS #: 598514
$3,995,000
  • 6
    BEDS
  • 0.12
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 7,468
    SQFT
  • $535
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1983
County:

School Ratings & Info

Description

Incredible investment opportunity in the Heart of downtown Key West to own an entire building home to a well-established bar that includes a highly sought after FULL 5 COP LIQUOR LICENSE which includes package liquor sales! 2 Commercial Units are downstairs, the BottleCap Lounge & a small commercial kitchen home to Frank's Kitchen, a TO-GO kitchen with no seating or hood fan. Frank's runs food over to BottleCap patrons which is a bonus. The concrete building is 7468 sft of internal area & 1298 sft of patio & walkways. Upstairs are 4 residential apartments --- 2 two bedrooms / one bath & 2 one bedroom / one bath. The BottleCap has tremendous history dating back to 1934 when it was first established. It consists of a separate cozy bar with a pool table & leads through to an enormous airconditioned lounge and games room that boasts a gorgeous long bar with a cool vibe, pool tables, games, a DJ Booth, a dance floor, state of the art light system with lasers, excellent surround sound system & updated bathrooms. Both lead out to an outdoor patio with lots of seating & a counter-top bar to watch the passersby. The BottleCap is frequented by locals, famous artists & tourists wanting to escape the craziness of Duval St & meet locals. The location is ideal being on the corner of Simonton St & Catherine St & only one block from Duval. It sits in the corridor between the larger hotels on the south side of the island & famous Duval St. This is a fantastic opportunity to purchase an entire building in an ideal location, X Flood Zone with apartments above and a well-established bar below. There is significant untapped potential for enormous growth for the savvy investor or owner-operator.

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than KeyIsle Group | eXp Realty are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.keyislegroup.com/homes/123328760
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1128 Simonton Street Key West, FL 33040

  • Price: $3,995,000
  • Status: Active
  • On Site: 12 Days
  • MLS #: 598514
6
Beds
4
Baths
0
½ Baths
0.12
Acres
7,468
SQFT
$535
$/SQFT
1983
Built
Neighborhood:
Old Town-S Of Truman
County:
Monroe
Area:
02 - Key West
Property Description
Incredible investment opportunity in the Heart of downtown Key West to own an entire building home to a well-established bar that includes a highly sought after FULL 5 COP LIQUOR LICENSE which includes package liquor sales! 2 Commercial Units are downstairs, the BottleCap Lounge & a small commercial kitchen home to Frank's Kitchen, a TO-GO kitchen with no seating or hood fan. Frank's runs food over to BottleCap patrons which is a bonus. The concrete building is 7468 sft of internal area & 1298 sft of patio & walkways. Upstairs are 4 residential apartments --- 2 two bedrooms / one bath & 2 one bedroom / one bath. The BottleCap has tremendous history dating back to 1934 when it was first established. It consists of a separate cozy bar with a pool table & leads through to an enormous airconditioned lounge and games room that boasts a gorgeous long bar with a cool vibe, pool tables, games, a DJ Booth, a dance floor, state of the art light system with lasers, excellent surround sound system & updated bathrooms. Both lead out to an outdoor patio with lots of seating & a counter-top bar to watch the passersby. The BottleCap is frequented by locals, famous artists & tourists wanting to escape the craziness of Duval St & meet locals. The location is ideal being on the corner of Simonton St & Catherine St & only one block from Duval. It sits in the corridor between the larger hotels on the south side of the island & famous Duval St. This is a fantastic opportunity to purchase an entire building in an ideal location, X Flood Zone with apartments above and a well-established bar below. There is significant untapped potential for enormous growth for the savvy investor or owner-operator.
Exterior Features

Construction Cbs Dockage None Land Size Less Than 1/4 Acre Lot Size 51.33 X 100 Parking Spaces 3 Roof Tile Roof Side N/A Style Commercial Waterfront None Waterfront YN No Waterview No Waterview

Interior Features

Appliances DishwasherDryerRangeRefrigeratorWasher Cooling Heating Central A/C Floor Tile FloorWood Floor Net Leasable Area 7468.00 Windows Doors Impact Rstnce Window

Property Features

Assoc Hoa YN No Assoc Right Of Refusal No Bank Owned No Bank Owned Financial Status No Business Name Bottlecap City Key West Commercial Type Apartment 3 Or MoreBarRestaurant Control Depth 0 Fee Includes None Flood Zone 0.2 PCT ANNUAL CHANC Key West Neighborhood Old Town-S Of Truman License Info 5-Cop (Transferable) Listing Board Key West Association Mile Marker 1.00 Potential Short Sale No Potential Short Sale Financial Status No Property Type Commercial Sq Ft Source Property Data Card Tax Year 2020 Taxes 15496.55 Terms No Seller Finance Utilities FkaaMunicipal Sewer Year Established 1934-01-01 Zoning Hnc(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med

Listing courtesy of Lisa Swanson of Berkshire Hathaway Knight & Gardner Realty.


The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than KeyIsle Group | eXp Realty are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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KeyIsle Group | eXp Realty
22974 Overseas Highway
Cudjoe Key FL, 33043