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251 Key Deer Boulevard, Big Pine Key, FL 33043

$10,000,000
Property Type: Commercial Lot Size (sq. ft.): 382,021 Status: Closed
Current Price: $10,000,000 List Date: 9/20/2011 Last Modified: 9/09/2024

Overview

Description

Big Pine Key Shopping Center is the only major shopping center currently offered for sale in the Florida Keys. Offered at a 6.5% cap rate, the center is anchored by Winn Dixie, Beall's Outlet and Radio Shack. Built in 1984 and containing just under 100,000 SF on almost nine acres, this property is a prime triple net leased, fee simple investment or 1031 exchange property candidate. Potentially assumable existing CMBS mortgage.

Listing Details MLS# 115352

Location, Tax & Legal

Street #
251
Street Name
Key Deer
Street Suffix
Boulevard
Key/Island
Big Pine Key
State/Province
FL
Zip Code
33043
Subdivision
Pine Key Acres (30.5)
Area
11 - Big Pine Key, No Name Key
KW Neighborhood
Outside of Key West
City
OTHER
Mile Marker
30
Side
Bay/Gulf
Alternate Key #
1132900
Bldg Nbr
No
Zoning
UC - Urban Commercial District
Legal
Better described as alternate key #1132900 Monroe County Property Card.
Taxes
83726.53
Tax Year
2010

Contract Information

Listing Board
Key West Association
Limited Representation
No
As is Rght to Inspct
Yes
For Sale/Lease
For Sale
Potential Short Sale
No
Bank Owned
No

General Property Description

Realtor.COM Type
Commercial
Style
Commercial
Lot SqFt
382021
Waterfront
No
Business Name
Big Pine Key Shop Ce
Building SqFt
99196
Year Built
1984
# Parking Spaces
No
# Stories
0
Building Ht. Ft.
0
Total # Buildings
0

Status Change Info

Sold Date
2013-09-11

Association Info

Mandatory Home Owners Asc
No
Association Fee $
0

Financial Status

Bank Owned
No
Potential Short Sale
No

More Information

Remarks & Misc

Remarks – Consumer
Big Pine Key Shopping Center is the only major shopping center currently offered for sale in the Florida Keys. Offered at a 6.5% cap rate, the center is anchored by Winn Dixie, Beall's Outlet and Radio Shack. Built in 1984 and containing just under 100,000 SF on almost nine acres, this property is a prime triple net leased, fee simple investment or 1031 exchange property candidate. Potentially assumable existing CMBS mortgage.
Directions
In Big Pine Key turn onto Wilder Rd. from US1. Take slight left onto Key Deer Blvd. Shopping Center on your right.

Deed Restrictions

Unknown
Yes

Type

Shop/Strip Center
Yes

Dockage

None
Yes

Property Info

Gross Annual Expense
0
NOI
0

Construction

CBS
Yes
Stucco
Yes

Land Size

5 Less Than 10 Acres
Yes

Utilities

FKAA
Yes

Roof

Other Roof
Yes

Property Features

Deed Restrictions: Unknown Type: Shop/Strip Center Dockage: None Utilities: FKAA Construction: CBS; Stucco Roof: Other Roof Land Size: 5 Less Than 10 Acres
Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty
Last Updated: September - 09 - 2024
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.