700 W Ocean Drive, Key Colony FL 33051

$3,500,000

700 W Ocean Drive, Key Colony, FL 33051

bedrooms

bathrooms

square feet

Acreage

Open Houses

year built

1990

Full Baths

Half Baths

Find out more

Prime trophy property on Key Colony Beach now for sale. This landmark & well known Restaurant and Bar has been owned, and in the past operated, by the same owner since 1990. Large 1.27 Acre lot in the heart of Key Colony Beach is very visible and has ample parking for customers and employees with 312' of frontage on W. Ocean Dr. There are two free-standing buildings on site. The main building houses the Restaurant, Bar and Banquet Hall & totals 8,436 sf. of finished sq. ft. Second building totals 2,790 sf. and has another kitchen and work areas that are somewhat unused. This is a whopping total of 11,226 sf. of finished sq. ft. for both buildings which is extremely hard to find anywhere in the Keys. Existing State Food Service License for 150- 249 Seats, KCB Cafe/Restaurant License for 150 Seats and a full liquor 5-COP-SRX liquor license that is non transferrable. Also, there is a 2b/1 ba apartment on the 2nd floor. There is an opportunity to fully utilize the building by adding Catering and more Special Events, Weddings, Parties, Meetings, etc.Zoning on Key Colony Beach is B-1, Neighborhood Business District which does allow for many Commercial uses.Property is currently leased and existing business and F, F & E not included at this time. See List Broker for details. In addition to this parcel, there is an adjoining 28,205 sf. Vacant Land parcel that may or may not be included. Roughly 147' x 191' rectangle shape. Zoning in this parcel is R-3, Multi -Unit Residential and may allow for up to 5 units to be built. Note KCB is ROGO Exempt. MLS# 613589 Price for this vacant lot is an additional $1 Million.Seller may consider Owner Financing to a Qualified & Crediworthy Buyer at Owners sole discretion.

Location
Subdivision	Key Colony Bch 1st Addn Amd Plat (53.5)
County	Monroe
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

Find out more

Tell us who you are, and we will have someone reach out to you.

Name*

Email*

Phone*

Message

I have a house to sell

By proceeding, you consent to receive calls, texts and voicemails at the number you provided (may be recorded and may be autodialed and use pre-recorded and artificial voices), and email, from Kotohomes, Curtis A Skomp, Ccim, and their network of service providers about your inquiry and other home-related matters.

Msg/data rates may apply. This consent applies even if you are on a do not call list and is not a condition of any purchase.

MLS number: 613586

Listing agent: Curtis A Skomp, Ccim #586474

Listing broker: Internet Realty/Florida Keys Inc (Kw) (305) 745-9088

Copyright © 2025 Key West Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Wednesday, February 12 2025 at 4:52 p.m. EST

Kotohomes National