423 Duval Street, Key West, FL 33040 (MLS# 119464)

423 Duval Street, Key West, FL 33040

$6,800,000

Virtual Tour

http://www.visualtour.com/shownp.asp?sk=202&t=3270811

Property Type: Commercial Sale Lot Size (sq. ft.): 6,600 Status: Closed

Current Price: $6,800,000 List Date: 3/04/2014 Last Modified: 9/09/2024

Overview

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.

Listing Details MLS# 119464

Location, Tax & Legal

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

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

General Property Description

Realtor.COM Type: Commercial
Style: Commercial
Lot SqFt: 6600
Waterfront: No
Business Name: n/a
# Stories: Yes
Building Ht. Ft.: 15
Total # Buildings: Yes
Building SqFt: 5670
Total Units: 4
Year Built: 1953

Status Change Info

Under Contract Date: 2015-04-01
Leased Date: 2015-06-05

Association Info

Mandatory Home Owners Asc: No

Financial Status

Potential Short Sale: No

More Information

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

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