524 Front Street, Key West, FL 33040 (MLS# 122026)

524 Front Street, Key West, FL 33040

$2,350,000

Virtual Tour

http://view.paradym.com/3666566/prt/10003/sk/202

Property Type: Commercial Sale Lot Size (sq. ft.): 7,836 Status: Closed

Current Price: $2,350,000 List Date: 8/24/2015 Last Modified: 9/09/2024

Overview

Description

Upscale, renovated two-story 9,730 SF building in Old Town. Downstairs is leased to a single tenant with annual increases on a NNN basis comprised of 4,880 SF under air plus a 1,500 SF open patio area. Tenant also pays additional rent (in addition to base and triple net expenses)on a percentage of sales. Owner occupied 2nd floor has an impressive suite of offices, storage rooms, mechanical room, 2 one-bedroom apartments opening to wrap around balconies and a staircase entrance to the roof. This property is located in a transient license receiver zone affording the potential to increase income thru the short term rental of the two apartments on premises. Building is located between two large restaurants and adjacent to the Ocean Key Resort, Pier House Resort, The Galleon Resort, A&B Lobster

Listing Details MLS# 122026

Location, Tax & Legal

Street #: 524
Street Name: Front
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: 7836
Waterfront: No
Business Name: n/a
# Stories: 2
Total # Buildings: Yes
Building SqFt: 9730
Year Built: 1977

Status Change Info

Under Contract Date: 2016-06-22
Leased Date: 2016-07-28

License Info

# of City License: Galleries

Association Info

Mandatory Home Owners Asc: No

More Information

Financial Status

Potential Short Sale: No

Property Features

Deed Restrictions: Unknown License Info: Non Trans Rntl Lic Type: Franchise; Franchise; Office Buildings; Other Comrcl Style; Professional Service; Restaurant; Retail; Other Services Dockage: None Cooling: Central Air; Heat Pump Utilities: FKAA; Municipal Sewer Miscellaneous: High Visibility; Patio; Residence on Premise; Storage Construction: CBS Electric: Circuit Breakers Floor: Carpet; Concrete; Tile Roof: Shingle Roof Land Size: Less Than 1/4 Acre Fee Includes: None Title: Negotiable Tenant Paid: Electric; Garbage; Insurance; Sewer; Taxes; Water

Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty

Last Updated: September - 09 - 2024

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