$2,350,000
Key West, FL 33040
MLS# 122026
Status: Closed
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Property Description
Upscale, renovated two-story 9,730 SF building in Old Town. Downstairs is leased to a single tenant with annual increases on a NNN basis comprised of 4,880 SF under air plus a 1,500 SF open patio area. Tenant also pays additional rent (in addition to base and triple net expenses)on a percentage of sales. Owner occupied 2nd floor has an impressive suite of offices, storage rooms, mechanical room, 2 one-bedroom apartments opening to wrap around balconies and a staircase entrance to the roof. This property is located in a transient license receiver zone affording the potential to increase income thru the short term rental of the two apartments on premises. Building is located between two large restaurants and adjacent to the Ocean Key Resort, Pier House Resort, The Galleon Resort, A&B Lobster
Details
Maps
Contract Information
Listing Board: Key West Association
Limited Representation: No
As is Rght to Inspct: Yes
Potential Short Sale: No
For Sale/Lease: For Sale
Current Price: $2,350,000
Listing Date: 2015-08-24
Sold Price: $2,350,000
Location, Tax & Legal
KW Neighborhood: Old Town-N of Truman
City: KEY WEST
Mile Marker: 1
Side: Bay/Gulf
Alternate Key #: 1000329
Parcel #: 00000330-000000
Bldg Nbr: 0
Legal: Kw Pt Lt 2 and 3 Sqr 6 G49-643/44 and as per Monroe County Tax Records
Taxes: 27207
Tax Year: 2014
Street #: 524
Street Name: Front
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
Waterfront: No
Lot Size: 80' X 78'
Lot SqFt: 7836
Business Name: n/a
# Parking Spaces: 0
# Stories: 2
Building Ht. Ft.: 0
Total # Buildings: 1
Building SqFt: 9730
Style: Commercial
Year Built: 1977
Remarks & Misc
Remarks – Consumer: Upscale, renovated two-story 9,730 SF building in Old Town. Downstairs is leased to a single tenant with annual increases on a NNN basis comprised of 4,880 SF under air plus a 1,500 SF open patio area. Tenant also pays additional rent (in addition to base and triple net expenses)on a percentage of sales. Owner occupied 2nd floor has an impressive suite of offices, storage rooms, mechanical room, 2 one-bedroom apartments opening to wrap around balconies and a staircase entrance to the roof. This property is located in a transient license receiver zone affording the potential to increase income thru the short term rental of the two apartments on premises. Building is located between two large restaurants and adjacent to the Ocean Key Resort, Pier House Resort, The Galleon Resort, A&B Lobster
Directions: On Front Street between Duval and Simonton Streets.
Deed Restrictions
Unknown: 1
Association Info
Mandatory Home Owners Asc: No
Association Fee $: 0
License Info
# of City License: Galleries
Non Trans Rntl Lic: 1
Type
Franchise: 1
Office Buildings: 1
Other Comrcl Style: 1
Professional Service: 1
Restaurant: 1
Retail: 1
Other Services: 1
Fee Includes
None: 1
Dockage
None: 1
Property Info
Gross Annual Expense: 0
NOI: 0
Cooling
Central Air: 1
Heat Pump: 1
Electric
Circuit Breakers: 1
Floor
Carpet: 1
Concrete: 1
Tile: 1
Windows/Doors
Glass Doors: 1
Impact Rstnce Window: 1
Construction
CBS: 1
Land Size
Less Than 1/4 Acre: 1
Utilities
FKAA: 1
Municipal Sewer: 1
Title
Negotiable: 1
Miscellaneous
High Visibility: 1
Patio: 1
Residence on Premise: 1
Storage: 1
Roof
Shingle Roof: 1
Financial Status
Potential Short Sale: No
Tenant Paid
Electric: 1
Garbage: 1
Insurance: 1
Sewer: 1
Taxes: 1
Water: 1
Status Change Info
Sold Date: 2016-07-28
Sold Price: $2,350,000
Status: Closed
Property Features
Deed Restrictions: Unknown
License Info: Non Trans Rntl Lic
Type: Franchise; Franchise; Office Buildings; Other Comrcl Style; Professional Service; Restaurant; Retail; Other Services
Dockage: None
Cooling: Central Air; Heat Pump
Utilities: FKAA; Municipal Sewer
Miscellaneous: High Visibility; Patio; Residence on Premise; Storage
Construction: CBS
Electric: Circuit Breakers
Floor: Carpet; Concrete; Tile
Roof: Shingle Roof
Land Size: Less Than 1/4 Acre
Fee Includes: None
Title: Negotiable
Tenant Paid: Electric; Garbage; Insurance; Sewer; Taxes; Water
Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty
Last Updated: September - 09 - 2024
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