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$500,000
725 Caroline Street
Key West, FL 33040
MLS# 618960
2 baths  |  4302 sqft


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Property Description
Rare opportunity to acquire a well-established fitness center in the heart of Old Town Key West. Located on a busy, well-traveled street with excellent visibility and consistent foot traffic from both locals and visitors. The facility offers approximately 4,300 SF of space and comes equipped with a wide range of gym and fitness equipment, allowing for a seamless transition for a new owner. The gym has built a loyal local clientele and also attracts tourists due to its convenient location near many popular Key West destinations. Dedicated parking is located behind the building, with additional on-street parking available nearby for members and guests. Turn-key opportunity to own a long-running fitness business in one of the most desirable and active areas of Key West.

Details
Maps
Contract Information
Sub Type: Business Opp No-Real Estate
Listing Board: Key West Association
Amount of Rent: 18546.03
Limited Representation: No
Current Price: $500,000
Listing Date: 2026-03-06
List Price: $500,000
Location, Tax & Legal
KW Neighborhood: Old Town-N of Truman
City: KEY WEST
Mile Marker: 1
Marathon Neighborhood: N/A
Side: Bay/Gulf
Parcel #: 00000770-000000
Zoning: HRCC(1 - 4) - Hist Res Comm Core 1-4 SF Specl
Taxes: 0
Tax Year: 0
Street #: 725
Street Name: Caroline
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Subdivision: Old Town - Unlisted (1.0)
County: Monroe
Area: 02 - Key West
General Property Description
Realtor.COM Type: Commercial
Waterfront: No
Lot SqFt: 18780
Business Type: Fitness Center/ Gym
Business Name: Key West Fitness
Building SqFt: 7005
Style: Business Opportunity
Living Apx SqFt: 4302
Year Built: 1969
Full Baths: 2
Total Baths: 2
Remarks & Misc
Remarks – Consumer: Rare opportunity to acquire a well-established fitness center in the heart of Old Town Key West. Located on a busy, well-traveled street with excellent visibility and consistent foot traffic from both locals and visitors. The facility offers approximately 4,300 SF of space and comes equipped with a wide range of gym and fitness equipment, allowing for a seamless transition for a new owner. The gym has built a loyal local clientele and also attracts tourists due to its convenient location near many popular Key West destinations. Dedicated parking is located behind the building, with additional on-street parking available nearby for members and guests. Turn-key opportunity to own a long-running fitness business in one of the most desirable and active areas of Key West.
Type
Shop/Strip Center: 1
Dockage
None: 1
Waterview
None: 1
View
None: 1
Building Style
Ground Level: 1
Construction
CBS: 1
Status Change Info
Status: Active
Property Features
Type: Shop/Strip Center
Building Style: Ground Level
Construction: CBS
Dockage: None
View: None
Waterview: None

Listing Office: Expert Realty LLC (HQ)

Last Updated: March - 06 - 2026

The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.