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526 Duval Street, Key West, FL 33040

$4,500,000
Property Type: Commercial Lot Size (sq. ft.): 5,000 Status: Closed
Current Price: $4,500,000 List Date: 8/20/2012 Last Modified: 9/09/2024

Overview

Description

This is an incredibly rare building offered for sale in the national tenant district of Duval Street. The current under market tenant's lease will expire in February of 2013. This will leave two prime commercial spaces down stairs perfect for upscale retail or national credit tenancy. The second floor is a huge 4,584 Square foot 3 bedroom, 3.5 bath penthouse apartment with a 198 Square foot balcony that would be perfect for long term or potentially transient rental if the proper license is obtained. This is an outstanding 1031 exchange candidate or rock solid investment real estate on world famous Duval Street.

Listing Details MLS# 116867

Location, Tax & Legal

Street #
526
Street Name
Duval
Street Suffix
Street
Key/Island
Key West
State/Province
FL
Zip Code
33040
Subdivision
Old Town - Unlisted (1.0)
Area
01 - Key West
KW Neighborhood
Old Town-N of Truman
City
KEY WEST
Mile Marker
0
Side
Median
Alternate Key #
1010031
Bldg Nbr
No
Taxes
17111.36
Tax Year
2011

Contract Information

Listing Board
Key West Association
Limited Representation
No
As is Rght to Inspct
No
For Sale/Lease
For Sale
Potential Short Sale
No
Bank Owned
No

General Property Description

Realtor.COM Type
Commercial
Style
Commercial
Lot SqFt
5000
Waterfront
No
Business Name
-
Building SqFt
9036
Year Built
1924
# Parking Spaces
No
# Stories
0
Building Ht. Ft.
0
Total # Buildings
0

Status Change Info

Sold Date
2012-12-27

Association Info

Mandatory Home Owners Asc
No
Association Fee $
0

Financial Status

Bank Owned
No
Potential Short Sale
No

More Information

Remarks & Misc

Remarks – Consumer
This is an incredibly rare building offered for sale in the national tenant district of Duval Street. The current under market tenant's lease will expire in February of 2013. This will leave two prime commercial spaces down stairs perfect for upscale retail or national credit tenancy. The second floor is a huge 4,584 Square foot 3 bedroom, 3.5 bath penthouse apartment with a 198 Square foot balcony that would be perfect for long term or potentially transient rental if the proper license is obtained. This is an outstanding 1031 exchange candidate or rock solid investment real estate on world famous Duval Street.

Deed Restrictions

Unknown
Yes

Type

Franchise
Yes
Other Comrcl Style
Yes
Retail
Yes
Shop/Strip Center
Yes
Other Services
Yes

Dockage

None
Yes

Property Info

Gross Annual Expense
0
NOI
0

Cooling

Central Air
Yes

Construction

CBS
Yes

Land Size

Less Than 1/4 Acre
Yes

Utilities

FKAA
Yes
Municipal Sewer
Yes

Miscellaneous

High Traffc Location
Yes
High Visibility
Yes

Property Features

Deed Restrictions: Unknown Type: Franchise; Franchise; Other Comrcl Style; Retail; Shop/Strip Center; Other Services Dockage: None Cooling: Central Air Utilities: FKAA; Municipal Sewer Miscellaneous: High Traffc Location; High Visibility Construction: CBS Land Size: Less Than 1/4 Acre
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.