Property Description

Rare opportunity to Lease a turnkey Restaurant and Bar in the heart of downtown Key West. Property sits just 1/2 Block off Duval St., Greene St. and Caroline Streets at the corner of Charles St. and Telegraph Lane. 2 Parcels of land with 3,648 sf. of leaseable space in 3 buildings. Venue includes 2 outdoor bars, music stage, large bathrooms and a fully equiped kitchen, plus all furniture and fixtures. Big bonus, to offset rent, there is a Tattoo parlor sublease and 6 (six) 1 bedroom, one bath apartments on the 2nd floor for income. Restaurant is licensed for over 175 seats and has a capacity of over 200 people. Great location in Old Town, in the middle of the Restaurant and Bar scene downtown. Walk by traffic everywhere and just steps from Sloppy Joe's, Irish Kevin's, Hog's Breath Saloon and directly across from Rick's & Dirty Harry's.Rent breakdown is as follows: $18,000 Base rent per month, NNN with real estate taxes paid monthly. Plus additional $3,500/mos. for use of the Unrestricted 5 COP liquor license in a seperate agreement. New Equipment of $200,000 negotiable. 5 year Lease Term available.

Property Features