$6,800,000
Key West, FL 33040
MLS# 119464
Status: Closed
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Property Description
Prime Income Producing, Investment Property on 400 Block of Duval St. 4 net leased stores, tenants pay all expenses. Base Rent approximately $516,000/yr + NNN. Directly across the street from the Crown Plaza La Concha Hotel. One of the few investment properties available anywhere on Duval St. All tenants have short term leases & rents could be increased along with LL collecting additional key money upon each renewal.
Details
Maps
Contract Information
Current Price: $6,800,000
Listing Date: 2014-03-04
Listing Board: Key West Association
Leased Price Monthly: $6,800,000
Limited Representation: No
As is Rght to Inspct: Yes
For Sale/Lease: For Sale
Potential Short Sale: No
Location, Tax & Legal
Street #: 423
Street Name: Duval
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Subdivision: Old Town - Unlisted (1.0)
County: Monroe
Area: 01 - Key West
General Property Description
Realtor.COM Type: Commercial
Style: Commercial
Lot SqFt: 6600
Waterfront: No
Business Name: n/a
# Stories: 1
Building Ht. Ft.: 15
Total # Buildings: 1
Building SqFt: 5670
Total Units: 4
Year Built: 1953
Association Info
Mandatory Home Owners Asc: No
Financial Status
Potential Short Sale: No
Status Change Info
Under Contract Date: 2015-04-01
Leased Date: 2015-06-05
Leased Price Monthly: $6,800,000
Status: Closed
Property Features
Deed Restrictions: Unknown
Type: Grocery/Convenience; Professional Service; Restaurant; Retail; Shop/Strip Center; Other Services
Dockage: None
Cooling: Central Air
Utilities: FKAA; Municipal Sewer
Miscellaneous: High Traffc Location; High Visibility
Construction: CBS; Stucco
Electric: Circuit Breakers
Floor: Tile
Roof: Shingle Roof
Land Size: Less Than 1/4 Acre
Title: Negotiable
Tenant Paid: Cable; Electric; Garbage; Gas; Insurance; Sewer; Taxes; Water
Listing Office: RE/MAX KEYS CONNECTION
Last Updated: September - 09 - 2024
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