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$3,475,000
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Property Description
Rare chance to own a piece of the most iconic street in the Florida Keys. This turn-key commercial building at 1215 Duval Street is offered at a 7.04% cap rate with a solid, established long-time successful restaurant as the tenant and a lease already in place. (Note: the business is not for sale; the real estate and the income-producing lease are.) Positioned in the heart of Old Town's high-traffic corridor, the property benefits from year-round foot traffic, world-famous Duval Street exposure, and the enduring demand that makes Key West commercial real estate so limited and so coveted. With a dependable tenant and stabilized income from day one, this is a true passive, hands-off investment in one of the strongest small-market commercial locations in the country. Opportunities to acquire well-located Duval Street commercial real estate with an in-place lease and a proven tenant are exceedingly rare. Whether you're a 1031 exchange buyer seeking reliable cash flow or an investor looking to plant roots in paradise, 1215 Duval Street delivers location, income, and long-term upside. Schedule your private showing today.
Full Property Details
Full Property Details for 1215 Duval St
General
- Price: $3,475,000
- Taxes: $10,517 (2025)
- Status: Active
- Type: Commercial
- Source: 927
- MLS ID: 620701
- Updated: 9/28/2026
- Added to Site: 77 day(s) ago
Interior
- Appliances: No Appliances
Rooms
Bathrooms
- Total Bathrooms: 2
- Half Bathrooms: 2
Parking
- Parking Features: Off Street
Location
- Area: 02 - Key West
- County: Monroe
- Subdivision: Old Town - Unlisted (1.0)
Community
- Assoc. Fees Include: None
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Ceiling Fans(s)
Structural Information
- Construction: CBS
- Roof: Metal
- Square Feet: 2,244
- Sq. Ft. Source: Property Data Card
- Year Built: 1953
Lot Features
- Property View: No Waterview
- Lot Size (Acres): 0.06
- Lot Size (Sq. Ft.): 2,400
- Lot Dimensions: 48 x 50
- Zoning: HRCC - Historic Residential Commercial Core
Water Features
- Water View: Yes
Financial Considerations
- Tax Amount: $10,517.24
- Tax Year: 2025
Disclosures and Reports
- Legal Description: Kw Pt Lt 4 Sqr 8 Tr 11 (L-215) Or259-577/78 Or478-613 Or713-17 Or1011-1307/08 Or1401-1894/96 Or1645-1088/89 Or2055-261/6
- APN: 28460000000
Listed by Berkshire Hathaway HomeServices Knight & Gardner Realty, Team Gardner/Langley (305) 902-2447
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Schools
Schools serving 1215 Duval St
School District:Monroe County School District, Middle Torch Key, FL
| Name | Grades | Distance |
|---|---|---|
Horace O'bryant School 1105 Leon Street, Key West, FL 33040 | 6-8 | 0.9 mi |
Key West High School 2100 Flagler Avenue, Key West, FL 33040 | 9-12 | 1.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1215 Duval St
Date
Details
Price
Change
Source
9/28/2026
Price Reduced
$3,475,000
-5.44%
MLS
7/21/2026
Listed
$3,675,000
194%
MLS
1/03/2007
Sold
$1,250,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1215 Duval St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,517
3%
$1,257,863
-1%
2024
$10,166
5%
$1,276,406
1%
2023
$9,698
9%
$1,266,931
4%
2022
$8,911
12%
$1,213,854
36%
2021
$7,937
-1%
$893,728
—
2019
$7,986
—
$893,728
2%
2018
$8,004
-1%
$876,718
—
2017
$8,081
4%
$876,717
11%
2016
$7,746
-2%
$786,695
—
2015
$7,944
-5%
$786,636
-1%
2014
$8,360
6%
$795,048
7%
2013
$7,924
—
$743,164
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1215 Duval St
1215 Duval Street, Key West, FL 33040 (MLS# 620701) is a Commercial property. 1215 Duval Street is currently listed for $3,475,000 and was received on July 21, 2026. Want to learn more about 1215 Duval Street? Do you have questions about finding other Commercial real estate for sale in Key West? You can browse all Key West real estate or contact a Coldwell Banker agent to request more information.

