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
Overview
Description
Listing Details MLS# 116484
Location, Tax & Legal
- 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
- 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
- No
- 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
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
- 20000
- Waterfront
- No
- Business Name
- Big Rubys Guesthouse
- # Parking Spaces
- 8
- # Stories
- 3
- Total # Buildings
- 8
- Building SqFt
- 12101
- Year Built
- 1977
- Building Ht. Ft.
- 0
Status Change Info
- Sold Date
- 2013-07-19
License Info
- # of City License
- 2
- # of County License
- 2
- # of Transient Licns
- 3
- 2-Cop (Beer & Wine)
- Yes
- 5-Cop (Transferable)
- Yes
- Non Trans Rntl Lic
- Yes
Association Info
- Mandatory Home Owners Asc
- No
- Association Fee $
- 0
More Information
Financial Status
- Bank Owned
- No
- Potential Short Sale
- No
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
- Yes
Type
- Hotel/Motel
- Yes
- Office Buildings
- Yes
- Restaurant
- Yes
- Retail
- Yes
- Other Services
- Yes
Dockage
- None
- Yes
Property Info
- Gross Annual Expense
- 0
- NOI
- 0
Cooling
- Ceiling Fans(s)
- Yes
- Wall/Window Unit(s)
- Yes
Floor
- Carpet
- Yes
- Tile
- Yes
- Wood
- Yes
Windows/Doors
- Double Hung Windows
- Yes
- French Doors
- Yes
- Glass Doors
- Yes
- Wood Windows
- Yes
Construction
- CBS
- Yes
- Combo Construction
- Yes
- Frame
- Yes
Land Size
- 1/4 - 1/2 Acre
- Yes
Terms
- Assumable-Qualify
- Yes
- Owner Consider 2nd
- Yes
- Seller Finance Psble
- Yes
- Other Financing
- Yes
Utilities
- FKAA
- Yes
- Generator
- Yes
- Municipal Sewer
- Yes
- Propane
- Yes
- Separate Meters
- Yes
Property Rights
- Beverage License
- Yes
- Transient License
- Yes
Miscellaneous
- Fencing
- Yes
- High Visibility
- Yes
- Hot Tub
- Yes
- Lobby
- Yes
- Patio
- Yes
- Pool
- Yes
- Residence on Premise
- Yes
- Spa
- Yes
- Storage
- Yes
- Utility Building
- Yes
Roof
- Combo Roof
- Yes
- Metal Roof
- Yes
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.