524 Front Street, Key West, FL 33040
$2,350,000
Property Type:
Commercial
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
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
- KW Neighborhood
- Old Town-N of Truman
- City
- KEY WEST
- Mile Marker
- 1
- Side
- Bay/Gulf
- Alternate Key #
- 1000329
- Parcel #
- 00000330-000000
- Bldg Nbr
- No
- Legal
- Kw Pt Lt 2 and 3 Sqr 6 G49-643/44 and as per Monroe County Tax Records
- Taxes
- 27207
- 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
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
- # Parking Spaces
- No
- Building Ht. Ft.
- 0
Status Change Info
- Sold Date
- 2016-07-28
License Info
- # of City License
- Galleries
- Non Trans Rntl Lic
- Yes
Association Info
- Mandatory Home Owners Asc
- No
- Association Fee $
- 0
More Information
Financial Status
- Potential Short Sale
- No
Remarks & Misc
- Remarks – Consumer
- 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
- Directions
- On Front Street between Duval and Simonton Streets.
Deed Restrictions
- Unknown
- Yes
Type
- Franchise
- Yes
- Office Buildings
- Yes
- Other Comrcl Style
- Yes
- Professional Service
- Yes
- Restaurant
- Yes
- Retail
- Yes
- Other Services
- Yes
Fee Includes
- None
- Yes
Dockage
- None
- Yes
Property Info
- Gross Annual Expense
- 0
- NOI
- 0
Cooling
- Central Air
- Yes
- Heat Pump
- Yes
Electric
- Circuit Breakers
- Yes
Floor
- Carpet
- Yes
- Concrete
- Yes
- Tile
- Yes
Windows/Doors
- Glass Doors
- Yes
- Impact Rstnce Window
- Yes
Construction
- CBS
- Yes
Land Size
- Less Than 1/4 Acre
- Yes
Utilities
- FKAA
- Yes
- Municipal Sewer
- Yes
Title
- Negotiable
- Yes
Miscellaneous
- High Visibility
- Yes
- Patio
- Yes
- Residence on Premise
- Yes
- Storage
- Yes
Roof
- Shingle Roof
- Yes
Tenant Paid
- Electric
- Yes
- Garbage
- Yes
- Insurance
- Yes
- Sewer
- Yes
- Taxes
- Yes
- Water
- Yes
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
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.