$4,500,000
Key West, FL 33040
MLS# 116867
Status: Closed
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Property Description
This is an incredibly rare building offered for sale in the national tenant district of Duval Street. The current under market tenant's lease will expire in February of 2013. This will leave two prime commercial spaces down stairs perfect for upscale retail or national credit tenancy. The second floor is a huge 4,584 Square foot 3 bedroom, 3.5 bath penthouse apartment with a 198 Square foot balcony that would be perfect for long term or potentially transient rental if the proper license is obtained. This is an outstanding 1031 exchange candidate or rock solid investment real estate on world famous Duval Street.
Details
Maps
Contract Information
Listing Board: Key West Association
Limited Representation: No
As is Rght to Inspct: No
Potential Short Sale: No
Bank Owned: No
For Sale/Lease: For Sale
Current Price: $4,500,000
Listing Date: 2012-08-20
Sold Price: $4,500,000
Location, Tax & Legal
KW Neighborhood: Old Town-N of Truman
City: KEY WEST
Mile Marker: 0
Side: Median
Alternate Key #: 1010031
Bldg Nbr: 0
Taxes: 17111.36
Tax Year: 2011
Street #: 526
Street Name: Duval
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Subdivision: Old Town - Unlisted (1.0)
Area: 01 - Key West
General Property Description
Realtor.COM Type: Commercial
Waterfront: No
Lot SqFt: 5000
Business Name: -
# Parking Spaces: 0
# Stories: 0
Building Ht. Ft.: 0
Total # Buildings: 0
Building SqFt: 9036
Style: Commercial
Year Built: 1924
Remarks & Misc
Remarks – Consumer: This is an incredibly rare building offered for sale in the national tenant district of Duval Street. The current under market tenant's lease will expire in February of 2013. This will leave two prime commercial spaces down stairs perfect for upscale retail or national credit tenancy. The second floor is a huge 4,584 Square foot 3 bedroom, 3.5 bath penthouse apartment with a 198 Square foot balcony that would be perfect for long term or potentially transient rental if the proper license is obtained. This is an outstanding 1031 exchange candidate or rock solid investment real estate on world famous Duval Street.
Deed Restrictions
Unknown: 1
Association Info
Mandatory Home Owners Asc: No
Association Fee $: 0
Type
Franchise: 1
Other Comrcl Style: 1
Retail: 1
Shop/Strip Center: 1
Other Services: 1
Dockage
None: 1
Property Info
Gross Annual Expense: 0
NOI: 0
Cooling
Central Air: 1
Construction
CBS: 1
Land Size
Less Than 1/4 Acre: 1
Utilities
FKAA: 1
Municipal Sewer: 1
Miscellaneous
High Traffc Location: 1
High Visibility: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Sold Date: 2012-12-27
Sold Price: $4,500,000
Status: Closed
Property Features
Deed Restrictions: Unknown
Type: Franchise; Franchise; Other Comrcl Style; Retail; Shop/Strip Center; Other Services
Dockage: None
Cooling: Central Air
Utilities: FKAA; Municipal Sewer
Miscellaneous: High Traffc Location; High Visibility
Construction: CBS
Land Size: Less Than 1/4 Acre
Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty
Last Updated: September - 09 - 2024
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