511 Eaton Street, Key West, FL 33040
$9,000,000
Property Type:
Commercial
Lot Size (sq. ft.):
17,108
Status:
Closed
Current Price:
$9,000,000
List Date:
5/26/2015
Last Modified:
9/09/2024
Overview
Description
Listing Details MLS# 121637
Location, Tax & Legal
- Street #
- 511
- Street Name
- Eaton
- Street Suffix
- Street
- Key/Island
- Key West
- State/Province
- FL
- Zip Code
- 33040
- Subdivision
- Old Town - Unrecord (1.0)
- County
- Monroe
- Area
- 01 - Key West
- KW Neighborhood
- Old Town-N of Truman
- City
- KEY WEST
- Mile Marker
- 1
- Side
- Median
- Flood Zone
- X and AE
- Alternate Key #
- 1004502
- Add'l Parcel #1
- 522 Rose Lane
- Parcel #
- 511 Eaton Street
- Add'l Parcel #2
- 524 Rose Lane
- Bldg Nbr
- 2
- Legal
- See Appraiser's website for three separate parcels: 511 Eaton St., 522 Rose Lane and 524 Rose Lane
- Taxes
- 43000
- Tax Year
- 2014
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
- Species List
- Yes
General Property Description
- Realtor.COM Type
- Commercial
- Style
- Commercial
- Lot SqFt
- 17108
- Waterfront
- No
- Business Name
- Old Town Manor & Ros
- Year Established
- 2006-01-01
- # Parking Spaces
- 9
- # Stories
- 2
- Total # Buildings
- 4
- Building SqFt
- 9422
- Total Units
- 20
- Building Ht. Ft.
- 0
Status Change Info
- Sold Date
- 2016-01-15
License Info
- # of City License
- 3
- # of Transient Licns
- 2
- Non Trans Rntl Lic
- Yes
Association Info
- Mandatory Home Owners Asc
- No
- Association Fee $
- 0
More Information
Property Info
- NOI
- 747000
- Gross Annual Expense
- 0
Vehicle Storage
- Car(s)
- 4+
- Guest Parking
- Yes
- Off Street Parking
- Yes
Financial Status
- Potential Short Sale
- No
Remarks & Misc
- Remarks – Consumer
- Old Town Manor & Rose Lane Villas are comprised of 20 rentable rooms in the very heart of the Old Town commercial district located 1/2 block from Duval St. and in the vibrant Eaton St. Arts District. The 4 buildings on 3 parcels include an historic 1886 Victorian mansion and carriage house with 14 rentable rooms with the possibility of expansion and 2 two-story conch houses with 6 rentable rooms. The vast lush gardens are utilized for the successful wedding business and the 49 seat restaurant license. The financials are excellent. Listed at a 7.04% cap rate,, this investment opportunity with KW's regulated supply and seemingly endless demand is too good to pass up in today's investment market.
- Directions
- US1 South to Duval Street. North (right) on Duval St to Eaton St. East (right) on Eaton St. Old Town Manor is near Duval on North (left) side of street.
Deed Restrictions
- Unknown
- Yes
Type
- Hotel/Motel
- Yes
- Restaurant
- Yes
- Other Services
- Yes
Dockage
- None
- Yes
Accounts & Meters
- # Sewer Accounts
- 6
Cooling
- Ceiling Fans(s)
- Yes
- Wall/Window Unit(s)
- Yes
Floor
- Vinyl
- Yes
- Wood
- Yes
Interior Features
- Laundry Room
- Yes
Windows/Doors
- Wood Windows
- Yes
Construction
- Frame
- Yes
Land Size
- 1/4 - 1/2 Acre
- Yes
Utilities
- FKAA
- Yes
- Municipal Sewer
- Yes
- Propane
- Yes
Property Rights
- Transient License
- Yes
Miscellaneous
- Fencing
- Yes
- High Traffc Location
- Yes
- High Visibility
- Yes
- Lobby
- Yes
- Patio
- Yes
- Pool
- Yes
- Sprinkler System
- Yes
- Storage
- Yes
- Utility Building
- Yes
Roof
- Metal Roof
- Yes
Property Features
Deed Restrictions:
Unknown
License Info:
Non Trans Rntl Lic
Type:
Hotel/Motel; Restaurant; Other Services
Dockage:
None
Vehicle Storage:
Guest Parking; Off Street Parking
Cooling:
Ceiling Fans(s); Wall/Window Unit(s)
Utilities:
FKAA; Municipal Sewer; Propane
Interior Features:
Laundry Room
Miscellaneous:
Fencing; High Traffc Location; High Visibility; Lobby; Patio; Pool; Sprinkler System; Storage; Utility Building
Construction:
Frame
Floor:
Vinyl; Wood
Roof:
Metal Roof
Land Size:
1/4 - 1/2 Acre
Property Rights:
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.