$1,570,990
Key West, FL 33040
MLS# 578214
Status: Closed
5 beds | 6 baths | 2889 sqft
1 / 7
Property Description
A rare opportunity in Old Town in the vibrant Petronia St corridor in the Bahama Village neighborhood. Two parcels & Three buildings: (325) Bldg #1 recently upgraded building with retail fronting on Petronia St along with 7 parking spaces, a 1-bedroom vacation rental upstairs (323) Bldgs #2&3 Identical single story buildings in the rear each containing 2 1-bedroom long-term rentals. Given the location and the 9476 sf lot with parking, these parcels are ripe for redevelopment (with City Planning Board approval) or conversion to vacation rentals. There is space for more commercial on Petronia St and the razing of bldgs #2&3 for 4 units, total of 5 vacation rental complex amidst tropical gardens and pool. Or, simply renovate bldgs #2&3 for long-term or vacation rentals
Details
Maps
Contract Information
Current Price: $1,570,990
Listing Date: 2018-01-12
Listing Board: Key West Association
Leased Price Monthly: $1,570,990
Limited Representation: No
As is Rght to Inspct: Yes
For Sale/Lease: For Sale
Potential Short Sale: No
Bank Owned: No
Species List: No
Location, Tax & Legal
Street #: 323
Street Name: Petronia
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
Style: Commercial
Lot Size: 103 x 92
Lot SqFt: 9476
Waterfront: No
# Parking Spaces: 7
Off Street Parking: YES
# Stories: 2
Total # Buildings: 3
Building SqFt: 2889
SqFt Source: Property Data Card
Living Apx SqFt: 2889
Total Units: 6
Year Built: 1978
Total Bedrooms: 5
Full Baths: 6
Total Baths: 6
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
License Info
# of City License: 6
Property Info
# Kitchens: 5
# Refrigerators: 5
# Range/Ovens: 5
# Washers: 1
# Dryers: 1
1 Bed/Bath: 5
Vehicle Storage
Car(s): 4+
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Under Contract Date: 2018-02-15
Leased Date: 2018-04-02
Leased Price Monthly: $1,570,990
Status: Closed
Property Features
Deed Restrictions: No
License Info: Non Trans Rntl Lic; Other/See Remarks
Property Info: License Included
Type: Apartment 3 or more; Retail
Waterfront: None
Waterview: No Waterview
Dockage: None
Vehicle Storage: Off Street Parking
Cooling: Ceiling Fans(s); Wall/Window Unit(s)
Utilities: FKAA; Municipal Sewer
Appliances: Dryer; Range; Refrigerator; Washer
Miscellaneous: High Traffc Location; Residence on Premise; Storage
Construction: CBS
Floor: Tile
Roof: Metal Roof; Tar/Gravel Roof
Land Size: Less Than 1/4 Acre
Fee Includes: None
Tenant Paid: Electric
Property Rights: Multi-Use/Commercial; Tranfrble Comm SqFt
Supplements
to increase income stream potential. Located in the City's transient receiver zone.
Listing Office: Truman & Co. (KW)
Last Updated: September - 09 - 2024
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