517 Duval & 518 Bahama Street, Key West, FL 33040
$5,800,000
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
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
- KW Neighborhood
- Old Town-S of Truman
- City
- KEY WEST
- Mile Marker
- 1
- Marathon Neighborhood
- N/A
- Side
- N/A
- Flood Zone
- X
- Alternate Key #
- 1009881
- Add'l Parcel #1
- 00009620-000000
- Parcel #
- 00009620-000000
- Add'l Parcel #2
- 00009630-000000
- Zoning
- HRCC(1 - 4) - Hist Res Comm Core 1-4 SF Specl
- Taxes
- 33167.03
- Tax Year
- 2024
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
- Control Depth
- 0
Status Change Info
- Sold 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
Remarks & Misc
- Remarks – Consumer
- 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 consistent income with minimal owner management. Valuable large parking lot in rear is 518 Bahama St. Room for 10 + cars plus dumpster and loading area. Both lots total 9,068 sf. 2 story concrete Building is in excellent condition and well maintained. Extensive list of Building repairs and recent renovations available includ. new impact resistant doors and windows & awning replaced on entire first floor storefront, rebuilt rear stairwell, recoat roof, and stormwater disposal well in lot plus many others. Property sits in the 500 Block of Duval St. and sits on high ground in an X flood zone. Thousands of tourists and locals walk by & drive by daily. Neighboring business include Margaritaville, Banana Republic, Kilwin's Fudge, Jack Flats, Gap, CVS & Walgreens, San Carlos Institute and more. Perfect investment for a1031 Exchange and/ or long term investor.
- Directions
- 500 Block of Duval St. between Southard and Fleming Streets
Deed Restrictions
- No
- Yes
License Info
- Other/See Remarks
- Yes
Type
- Office Buildings
- Yes
- Professional Service
- Yes
- Retail
- Yes
Fee Includes
- Other
- Yes
Dockage
- None
- Yes
Accounts & Meters
- # Sewer Accounts
- Yes
- # Water Meters
- Yes
- # Electric Meters
- 7
Appliances
- No Appliances
- Yes
Cooling
- Central Air
- Yes
- Wall/Window Unit(s)
- Yes
Waterfront
- None
- Yes
Electric
- 220 Volt
- Yes
Waterview
- No Waterview
- Yes
Floor
- Other
- Yes
Interior Features
- Entrance Foyer
- Yes
Windows/Doors
- Impact Rstnce Window
- Yes
- Other Windows/Doors
- Yes
Vehicle Storage
- Assigned Parking
- Yes
- Off Street Parking
- Yes
Construction
- CBS
- Yes
Land Size
- More than 1 Lot
- Yes
Utilities
- FKAA
- Yes
- Municipal Sewer
- Yes
Title
- Negotiable
- Yes
Miscellaneous
- High Traffc Location
- Yes
- High Visibility
- Yes
- Manager on Premises
- Yes
- Storage
- Yes
Roof
- Other Roof
- Yes
Shutters
- Accordion
- Yes
Tenant Paid
- Cable
- Yes
- Electric
- Yes
- Garbage
- Yes
- Insurance
- Yes
- Taxes
- Yes
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.