323 Petronia Street, Key West, FL 33040
$1,570,990
Property Type:
Commercial
Bedrooms:
5
Baths:
6
Square Footage:
2,889
Lot Size (sq. ft.):
9,476
Status:
Closed
Current Price:
$1,570,990
List Date:
1/13/2018
Last Modified:
9/09/2024
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
Supplements: to increase income stream potential. Located in the City's transient receiver zone.
More Information MLS# 578214
Contract Information
Listing Board: Key West Association
Limited Representation: No
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
For Sale/Lease: For Sale
Species List: No
Current Price: $1,570,990
Listing Date: 2018-01-12
Sold Price: $1,570,990
Location, Tax & Legal
KW Neighborhood: Old Town-N of Truman
City: KEY WEST
Mile Marker: 0
Side: Median
Flood Zone: 0.2 PCT ANNUAL CHANC
Alternate Key #: 1013684
Add'l Parcel #1: 1013692 (323)
Parcel #: 00013290-00000&00013300-000000
Zoning: HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med
Legal: KW LT 11 SQR 1 TR 3 AND PT ADJ VACATED ALLEY and KW LT 12 SQR 1 TR 3
Taxes: 11689
Tax Year: 2017
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
Waterfront: No
Control Depth: 0
Lot Size: 103 x 92
Lot SqFt: 9476
Total Units: 6
# Parking Spaces: 7
Off Street Parking: YES
# Stories: 2
SqFt Source: Property Data Card
Total # Buildings: 3
Building SqFt: 2889
Style: Commercial
Living Apx SqFt: 2889
Year Built: 1978
Total Bedrooms: 5
Full Baths: 6
Total Baths: 6
Remarks & Misc
Remarks – Consumer: 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
Directions: US1/Truman Ave South to Whitehead Street. Right on Whitehead Street and go 2 blocks to Petronia St. Left on Petronia St and destination in in the middle of the block on the right.
Deed Restrictions
No: 1
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Association Fee $: 0
License Info
# of City License: 6
Non Trans Rntl Lic: 1
Other/See Remarks: 1
Type
Apartment 3 or more: 1
Retail: 1
Fee Includes
None: 1
Dockage
None: 1
Accounts & Meters
# Sewer Accounts: 2
# Water Meters: 2
# Electric Meters: 6
Appliances
Dryer: 1
Range: 1
Refrigerator: 1
Washer: 1
Property Info
# Kitchens: 5
# Refrigerators: 5
# Range/Ovens: 5
# Washers: 1
# Dryers: 1
License Included: 1
1 Bed/Bath: 5
Cooling
Ceiling Fans(s): 1
Wall/Window Unit(s): 1
Waterfront
None: 1
Waterview
No Waterview: 1
Floor
Tile: 1
Windows/Doors
Aluminum Windows: 1
Other Windows/Doors: 1
Vehicle Storage
Car(s): 4+
Off Street Parking: 1
Construction
CBS: 1
Land Size
Less Than 1/4 Acre: 1
Utilities
FKAA: 1
Municipal Sewer: 1
Property Rights
Multi-Use/Commercial: 1
Tranfrble Comm SqFt: 1
Miscellaneous
High Traffc Location: 1
Residence on Premise: 1
Storage: 1
Roof
Metal Roof: 1
Tar/Gravel Roof: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Tenant Paid
Electric: 1
Status Change Info
Sold Date: 2018-04-02
Sold Price: $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
Listing Office:
Truman & Co. (KW)
Last Updated: September - 09 - 2024
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