323 Petronia Street, Key West, FL 33040 (MLS# 578214)

323 Petronia Street, Key West, FL 33040

$1,570,990

Property Type: Commercial Sale 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

Overview

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.

Listing Details MLS# 578214

Location, Tax & Legal

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

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
Species List: No

General Property Description

Realtor.COM Type: Commercial
Style: Commercial
Lot SqFt: 9476
Waterfront: No
# Parking Spaces: 7
Off Street Parking: YES
# Stories: 2
Total # Buildings: 3
Building SqFt: 2889
SqFt Source: Property Data Card
Living Apx SqFt: 2889
Total Units: 6
Year Built: 1978
Total Bedrooms: 5
Full Baths: 6
Total Baths: 6

Status Change Info

Under Contract Date: 2018-02-15
Leased Date: 2018-04-02

License Info

# of City License: 6

Association Info

Mandatory Home Owners Asc: No
1st Right of Refusal: No

More Information

Property Info

# Kitchens: 5
# Refrigerators: 5
# Range/Ovens: 5
# Washers: Yes
# Dryers: Yes
1 Bed/Bath: 5

Vehicle Storage

Car(s): 4+

Financial Status

Bank Owned: No
Potential Short Sale: No

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

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.