517 Duval & 518 Bahama Street, Key West, FL 33040 (MLS# 614103)

517 Duval & 518 Bahama Street, Key West, FL 33040

$5,800,000

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Property Type: Commercial Sale Baths: 4 Square Footage: 7,854 Lot Size (sq. ft.): 9,068 Status: Closed

Current Price: $5,800,000 List Date: 3/10/2025 Last Modified: 9/30/2025

Overview

Description

Prime Trophy Investment Property in the heart of Duval St. The Coach Retail Building on the 500 block of Duval St. is a once in a lifetime opportunity! Property has been in the same family ownership since the 1940's. Tapestry aka Coach is a very strong, long term NNN retail tenant. Coach is preparing for a major and expensive upgrade and renovation to their store this summer 2025, all at their expense. Coach retail store occupies the entire ground floor with 51' of Duval St. frontage and a total of approx. 3,937 sf. Coach has been a great tenant in the building since 1998 and have a long term, NNN lease that was recently extended through January 31, 2033 with additional 3 year Option to extend until 2036. Upstairs are 6 professional offices and is completely rented. 2nd floor is 3,937 sf. with 6 individual offices. Upstairs tenants are on gross leases & each has own electric meter. Also a storage room & individual Men & Woman's bathrooms. Combined all tenants provide consiste ... (Read more)

Listing Details MLS# 614103

Location, Tax & Legal

Street #: 517 Duval
Street Name: & 518 Bahama
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

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
Species List: No

General Property Description

Realtor.COM Type: Commercial
Style: Commercial
Lot SqFt: 9068
Waterfront: No
Year Established: 1932-12-31
# Parking Spaces: 10+
Off Street Parking: yes
# Stories: 2
Total # Buildings: Yes
Building SqFt: 7854
Living Apx SqFt: 7854
Total Units: 7
Year Built: 1933
Half Baths: 4
Total Baths: 4

Status Change Info

Under Contract Date: 2025-09-22
Leased Date: 2025-09-30

Association Info

Mandatory Home Owners Asc: No
1st Right of Refusal: No

Auction Info

Auction: No

More Information

Financial Status

Bank Owned: No
Potential Short Sale: No

Property Features

Deed Restrictions: No License Info: Other/See Remarks Type: Office Buildings; Professional Service; Retail Waterfront: None Waterview: No Waterview Dockage: None Vehicle Storage: Assigned Parking; Off Street Parking Cooling: Central Air; Wall/Window Unit(s) Utilities: FKAA; Municipal Sewer Interior Features: Entrance Foyer Appliances: No Appliances Miscellaneous: High Traffc Location; High Visibility; Manager on Premises; Storage Construction: CBS Electric: 220 Volt Shutters: Accordion Floor: Other Roof: Other Roof Land Size: More than 1 Lot Fee Includes: Other Title: Negotiable Tenant Paid: Cable; Electric; Garbage; Insurance; Taxes

Listing Office: RE/MAX Keys Connection (KW)

Last Updated: September - 30 - 2025

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.