409 Appelrouth Lane, Key West, FL 33040
$5,200,000
Property Type:
Commercial
Lot Size (sq. ft.):
20,000
Status:
Closed
Current Price:
$5,200,000
List Date:
5/07/2012
Last Modified:
9/09/2024
Description
11% Cap Rate! One of the most beautiful multi-use guesthouse compounds in Key West, includes 4 parcels, 17 trans lic plus 2 non-trans units, a licensed restaurant, and available 5 COP-S full liquor license for $1560/yr. Just off Duval on quaint Appelrouth Ln., the lush, tropically landscaped complex contains 6 buildings, heated pool, large hot tub, gym, and 8 off-street parking spaces. Upside potential is enormous by implementing the many sources of revenue options available: an upscale SPA, office, restaurant/bar, retail, guesthouse. A truly unique historic property investment in the very heart of the Old Town Key West commercial district.
More Information MLS# 116484
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
Current Price: $5,200,000
Listing Date: 2012-05-07
Sold Price: $5,200,000
Location, Tax & Legal
KW Neighborhood: Old Town-N of Truman
City: KEY WEST
Mile Marker: 0
Side: Median
Alternate Key #: 1010308
Parcel #: 517 Whitehead St.-519 Whitehea
Bldg Nbr: 0
Zoning: HRO - Historic Residential/Office
Legal: KW PT LOT 4 SQR 51 QQ-359 G11-40 G25-123/32 COUNTY JUDGE'S PROB PROG DOCKET 9-82 OR711-177/79 OR747-
Taxes: 20882.79
Tax Year: 2010
Street #: 409
Street Name: Appelrouth
Street Suffix: Lane
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Subdivision: Old Town - Unrecord (1.0)
Area: 01 - Key West
General Property Description
Realtor.COM Type: Commercial
Waterfront: No
Lot SqFt: 20000
Business Name: Big Rubys Guesthouse
# Parking Spaces: 8
# Stories: 3
Building Ht. Ft.: 0
Total # Buildings: 8
Building SqFt: 12101
Style: Commercial
Year Built: 1977
Remarks & Misc
Remarks – Consumer: 11% Cap Rate! One of the most beautiful multi-use guesthouse compounds in Key West, includes 4 parcels, 17 trans lic plus 2 non-trans units, a licensed restaurant, and available 5 COP-S full liquor license for $1560/yr. Just off Duval on quaint Appelrouth Ln., the lush, tropically landscaped complex contains 6 buildings, heated pool, large hot tub, gym, and 8 off-street parking spaces. Upside potential is enormous by implementing the many sources of revenue options available: an upscale SPA, office, restaurant/bar, retail, guesthouse. A truly unique historic property investment in the very heart of the Old Town Key West commercial district.
Directions: On Appelrouth Lane between Duval and Whitehead Streets.
Deed Restrictions
Unknown: 1
Association Info
Mandatory Home Owners Asc: No
Association Fee $: 0
License Info
# of City License: 2
# of County License: 2
# of Transient Licns: 3
2-Cop (Beer & Wine): 1
5-Cop (Transferable): 1
Non Trans Rntl Lic: 1
Type
Hotel/Motel: 1
Office Buildings: 1
Restaurant: 1
Retail: 1
Other Services: 1
Dockage
None: 1
Property Info
Gross Annual Expense: 0
NOI: 0
Cooling
Ceiling Fans(s): 1
Wall/Window Unit(s): 1
Floor
Carpet: 1
Tile: 1
Wood: 1
Windows/Doors
Double Hung Windows: 1
French Doors: 1
Glass Doors: 1
Wood Windows: 1
Construction
CBS: 1
Combo Construction: 1
Frame: 1
Land Size
1/4 - 1/2 Acre: 1
Terms
Assumable-Qualify: 1
Owner Consider 2nd: 1
Seller Finance Psble: 1
Other Financing: 1
Utilities
FKAA: 1
Generator: 1
Municipal Sewer: 1
Propane: 1
Separate Meters: 1
Property Rights
Beverage License: 1
Transient License: 1
Miscellaneous
Fencing: 1
High Visibility: 1
Hot Tub: 1
Lobby: 1
Patio: 1
Pool: 1
Residence on Premise: 1
Spa: 1
Storage: 1
Utility Building: 1
Roof
Combo Roof: 1
Metal Roof: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Sold Date: 2013-07-19
Sold Price: $5,200,000
Status: Closed
Property Features
Deed Restrictions: Unknown
License Info: 2-Cop (Beer & Wine); 5-Cop (Transferable); Non Trans Rntl Lic
Type: Hotel/Motel; Office Buildings; Restaurant; Retail; Other Services
Dockage: None
Cooling: Ceiling Fans(s); Wall/Window Unit(s)
Utilities: FKAA; Generator; Municipal Sewer; Propane; Separate Meters
Miscellaneous: Fencing; High Visibility; Hot Tub; Lobby; Patio; Pool; Residence on Premise; Spa; Storage; Utility Building
Construction: CBS; Combo Construction; Frame
Floor: Carpet; Tile; Wood
Roof: Combo Roof; Metal Roof
Land Size: 1/4 - 1/2 Acre
Terms: Assumable-Qualify; Owner Consider 2nd; Seller Finance Psble; Other Financing
Property Rights: Beverage License; Transient License
Listing Office:
At Home in Key West, Inc.
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.