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402 Appelrouth Lane
Key West FL 33040 US

$2,490,000

Active Listing ID 617030
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3 bed
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7.00 Bath (6 Full , 2 Half)
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Lot: 0.08 Acres
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Other

$2,490,000

Active Listing ID 617030
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402 Appelrouth Lane **6%+ Cap Rate Opportunity ** Now offered at $2, 490, 000, this income producing Old Town property offers strong cash flow and immediate investor appeal. Located just steps from Duval Street, 402 Appelrouth Lane offers a rare investment opportunity in a premier X Flood Zone location. This mixed use property has income potential from residential and commercial units. With over 5000sqft of interior space this iconic structure showcases tall ceilings, historic architectural character and custom artistic details that give it Old Town Charm. Appelrouth Lane is known for strong foot traffic, established neighboring businesses and a desirable central location. just minutes from restaurants, galleries, shopping and Key West nightlife. Opportunities like this are exceptionally rare.

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Property Features

  • Facts
  • Lot Size: 0.08 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 6
  • 1/2 Bathrooms: 2
  • Cooling System: Window Unit(s), Wall/Window Unit(s), Central Air
  • Floor Covering: Wood, Combo
  • Roof Type: Metal

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 2490000
  • unparsedaddress: 402 Appelrouth Lane
  • postalcity: Key West
  • stateorprovince: FL
  • country: US
  • postalcode: 33040
  • bathroomsfull: 6
  • bathroomshalf: 2
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.08
  • lotsizeunits: Acres
  • lotsizearea: 0.08
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 24.554594
  • longitude: -81.803023
  • listagentfullname: Key West Sisters
  • listagentemail: keywestpropertysisters@gmail.com
  • listagentkey: 3yd-KWARFL-20160517191223474427000000
  • listagentmlsid: kwa.263501971
  • listagentpreferredphone: 3057470369
  • listofficekey: 3yd-KWARFL-20070803221403061445000000
  • listofficemlsid: kwa.10104
  • disclaimer: Copyright © 2026 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.
  • sourcesystemid: KWARFL
  • yearbuilt: 1943
  • listingcontractdate: 2025-10-24
  • listagenturl: http://www.keywestsisters.com
  • countyorparish: Monroe
  • parcelnumber: 00010000-000101
  • appliances: Refrigerator
  • cooling: Window Unit(s), Wall/Window Unit(s), Central Air
  • constructionmaterials: Frame
  • flooring: Wood, Combo
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 3
  • parkingtotal: 0
  • roof: Metal
  • view: Water
  • waterfrontyn: False
  • franchiseaffiliation: None
  • rooms: Bathroom 3, Bathroom 4, Bathroom 2, Bathroom 7, Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 8, Bathroom 6, Bedroom 2, Bathroom 5
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -81.803024, 24.554594
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Preferred Properties Coastal Realty, Inc.", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"keywestpropertysisters@gmail.com", "ListBrokerageCity":"Key West", "ListBrokerageCountry":"US", "ListBrokerageEmail":"mcchesneykeywest@gmail.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"Preferred Properties Coastal Realty, Inc.", "ListBrokeragePhone":"(305) 294-3040", "ListBrokeragePostalCode":"33040", "ListBrokerageStateOrProvince":"FL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"520 Southard Street", "ListBrokerageWebsiteUrl":"http://www.preferredpropertieskeywest.com/", "ListOfficeAddress1":"520 Southard Street ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"20070803221403061445000000", "ListOfficeCity":"Key West", "ListOfficeCountry":"US", "ListOfficeEmail":"info@preferredpropertieskeywest.com", "ListOfficePostalCode":"33040", "ListOfficeStateOrProvince":"FL", "ListPriceCurrencyType":"USD", "ListingTitle":"COMMERCIAL - Key West, FL", "ListingURL":null, "MLSModificationTimestamp":"2026-05-07 20:25:41", "Neighborhoods":[{"Description":null, "Name":"Jack Sq Prof Cent (1.0)"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":14665, "TaxDescription":"Jackson Square Professional Center a Condominium KW PT Lot 4 SQR 50", "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 5/21/2026 11:17:32 PM GMT
Source Updated Date: 5/26/2026 6:40:34 PM GMT

Courtesy of: Key West Sisters, Preferred Properties (KW), keywestpropertysisters@gmail.com

Copyright © 2026 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.