3591 S Roosevelt Boulevard, Key West, FL 33040
$5,500,000
Property Type:
Commercial
Square Footage:
21,582
Lot Size (sq. ft.):
57,499
Status:
Closed
Current Price:
$5,500,000
List Date:
9/20/2016
Last Modified:
9/09/2024
Overview
Description
Supplements: ... (Read more) The two restaurants and large rear underutilized warehouse deliver 21,582 SF of space. With parking for over 75 cars in the rear and 24 leased spaces, there is further mixed use development opportunity on the property as well. Price is for land and real estate only. This property is being sold as a restaurant leasehold opportunity with leases in place; a turn-key Benihana International franchise owned by the owner of the real estate and a leasehold on an upscale Key West Italian restaurant brand La Trattoria. The property is located directly on A1A. This is a major oceanfront highway in Key West leading to the islands public beaches and resorts.
Listing Details MLS# 572027
Location, Tax & Legal
- Street #
- 3591
- Direction
- S
- Street Name
- Roosevelt
- Street Suffix
- Boulevard
- Key/Island
- Key West
- State/Province
- FL
- Zip Code
- 33040
- Subdivision
- Key West Fwdn Sub (4.0)
- County
- Monroe
- Area
- 04 - Key West
- KW Neighborhood
- New Town
- City
- KEY WEST
- Off Shore Island
- No
- Mile Marker
- 4
- Side
- Ocean
- Flood Zone
- VE
- Alternate Key #
- 1054968
- Parcel #
- 00054350-000000
- Zoning
- PS - Public & Semi Public Services
- Legal
- KW KW FWDN SUB PB 1-205 LOTS 1, 2 & PT LOT 3 OCEAN BLVD PLAT1 & PARCEL LYING NW'LY THEREOF OR183-552/555 OR652-375/377 O
- Taxes
- 25501.05
- Tax Year
- 2015
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
- 57499
- Waterfront
- No
- # Parking Spaces
- 75
- Off Street Parking
- yes
- Building SqFt
- 21582
- Living Apx SqFt
- 21582
- Year Built
- 1963
- Control Depth
- 0
- Total Units
- 0
Status Change Info
- Sold Date
- 2018-09-21
Association Info
- Mandatory Home Owners Asc
- No
- 1st Right of Refusal
- No
Financial Status
- Bank Owned
- No
- Potential Short Sale
- No
More Information
Remarks & Misc
- Remarks – Consumer
- Oceanfront commercial complex with two operating oceanfront restaurants. Attention investors and 1031 Exchange Key West Buyers! Two Atlantic Oceanfront restaurants on 1.3 acres of land right next to the newly renovated Key West International Airport and located adjacent and next to two major resorts on the Oceanside of Key West, an Oceanfront Best Western and Hyatt Resort with close to 300 units. Tenant on property will deliver a cap rate of over 7.5%.
- Directions
- On South Roosevelt Blvd, next to the Key West International Airport.
Deed Restrictions
- Unknown
- Yes
Type
- Franchise
- Yes
- Office Buildings
- Yes
- Professional Service
- Yes
- Restaurant
- Yes
- Retail
- Yes
- Wholesale Mfg/Wrhse
- Yes
Fee Includes
- None
- Yes
Dockage
- None
- Yes
Waterfront
- None
- Yes
Waterview
- Ocean View
- Yes
- Open Water View
- Yes
Vehicle Storage
- Off Street Parking
- Yes
Construction
- CBS
- Yes
- Combo Construction
- Yes
Land Size
- 1 Less Than 2 Acres
- Yes
Utilities
- FKAA
- Yes
- Municipal Sewer
- Yes
Property Features
Deed Restrictions:
Unknown
Type:
Franchise; Franchise; Office Buildings; Professional Service; Restaurant; Retail; Wholesale Mfg/Wrhse
Waterfront:
None
Waterview:
Ocean View; Open Water View
Dockage:
None
Vehicle Storage:
Off Street Parking
Utilities:
FKAA; Municipal Sewer
Construction:
CBS; Combo Construction
Land Size:
1 Less Than 2 Acres
Fee Includes:
None
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.
