423 Duval Street, Key West, FL 33040
$6,800,000
Property Type:
Commercial
Lot Size (sq. ft.):
6,600
Status:
Closed
Current Price:
$6,800,000
List Date:
3/04/2014
Last Modified:
9/09/2024
Description
Prime Income Producing, Investment Property on 400 Block of Duval St. 4 net leased stores, tenants pay all expenses. Base Rent approximately $516,000/yr + NNN. Directly across the street from the Crown Plaza La Concha Hotel. One of the few investment properties available anywhere on Duval St. All tenants have short term leases & rents could be increased along with LL collecting additional key money upon each renewal.
More Information MLS# 119464
Contract Information
Listing Board: Key West Association
Limited Representation: No
As is Rght to Inspct: Yes
Potential Short Sale: No
For Sale/Lease: For Sale
Current Price: $6,800,000
Listing Date: 2014-03-04
Sold Price: $6,800,000
Location, Tax & Legal
KW Neighborhood: Old Town-N of Truman
City: KEY WEST
Mile Marker: 1
Side: Median
Alternate Key #: 1006769
Bldg Nbr: 0
Legal: Kw Pt Lot 4 Sqr 37 G7 5-370/371 and as per Monroe County Tax Records
Taxes: 19856
Tax Year: 2014
Street #: 423
Street Name: Duval
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Subdivision: Old Town - Unlisted (1.0)
County: Monroe
Area: 01 - Key West
General Property Description
Realtor.COM Type: Commercial
Waterfront: No
Lot SqFt: 6600
Business Name: n/a
Total Units: 4
# Parking Spaces: 0
# Stories: 1
Building Ht. Ft.: 15
Total # Buildings: 1
Building SqFt: 5670
Style: Commercial
Year Built: 1953
Remarks & Misc
Remarks – Consumer: Prime Income Producing, Investment Property on 400 Block of Duval St. 4 net leased stores, tenants pay all expenses. Base Rent approximately $516,000/yr + NNN. Directly across the street from the Crown Plaza La Concha Hotel. One of the few investment properties available anywhere on Duval St. All tenants have short term leases & rents could be increased along with LL collecting additional key money upon each renewal.
Directions: Between Fleming and Eaton Sts. on the east side of Duval St.
Deed Restrictions
Unknown: 1
Association Info
Mandatory Home Owners Asc: No
Association Fee $: 0
Type
Grocery/Convenience: 1
Professional Service: 1
Restaurant: 1
Retail: 1
Shop/Strip Center: 1
Other Services: 1
Dockage
None: 1
Property Info
Gross Annual Expense: 0
NOI: 0
Cooling
Central Air: 1
Electric
Circuit Breakers: 1
Floor
Tile: 1
Windows/Doors
Glass Doors: 1
Construction
CBS: 1
Stucco: 1
Land Size
Less Than 1/4 Acre: 1
Utilities
FKAA: 1
Municipal Sewer: 1
Title
Negotiable: 1
Miscellaneous
High Traffc Location: 1
High Visibility: 1
Roof
Shingle Roof: 1
Financial Status
Potential Short Sale: No
Tenant Paid
Cable: 1
Electric: 1
Garbage: 1
Gas: 1
Insurance: 1
Sewer: 1
Taxes: 1
Water: 1
Status Change Info
Sold Date: 2015-06-05
Sold Price: $6,800,000
Status: Closed
Property Features
Deed Restrictions: Unknown
Type: Grocery/Convenience; Professional Service; Restaurant; Retail; Shop/Strip Center; Other Services
Dockage: None
Cooling: Central Air
Utilities: FKAA; Municipal Sewer
Miscellaneous: High Traffc Location; High Visibility
Construction: CBS; Stucco
Electric: Circuit Breakers
Floor: Tile
Roof: Shingle Roof
Land Size: Less Than 1/4 Acre
Title: Negotiable
Tenant Paid: Cable; Electric; Garbage; Gas; Insurance; Sewer; Taxes; Water
Listing Office:
RE/MAX KEYS CONNECTION
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.