Search for Property

5700 Laurel Avenue, Key West, FL 33040

$8,500,000
Property Type: Commercial Sale Lot Size (sq. ft.): 286,595 Status: Closed
Current Price: $8,500,000 List Date: 3/16/2017 Last Modified: 9/09/2024

Overview

Description

Development Rights Determination letter dated 09/12/16 indicated 53 permanent and 8 transient residential units plus 672 sq ft of commercial floor area. Redevopment allows for all permanent residential units can be rebuilt subject to current setbacks, parking, open space etc regulations. 30% of redeveloped units to be deed restricted Affordable.

Listing Details MLS# 574769

Location, Tax & Legal

Street #
5700
Street Name
Laurel
Street Suffix
Avenue
Key/Island
Key West
State/Province
FL
Zip Code
33040
Subdivision
W C Maloney Diagram (2.0)
County
Monroe
Area
01 - Key West

Contract Information

Listing Board
Marathon/Lower Keys
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
Multi-Family
Style
Commercial
Lot SqFt
286595
Waterfront
Yes
Control Depth
3
Building SqFt
14255
SqFt Source
Tax Records
Year Built
1959

Status Change Info

Under Contract Date
2017-08-25
Leased Date
2018-01-17

Association Info

Mandatory Home Owners Asc
No
1st Right of Refusal
No

Financial Status

Bank Owned
No
Potential Short Sale
No

More Information

Property Features

Type: Mobile Home Park Waterfront: Oceanfront Waterview: Ocean View Dockage: Other Dockage Utilities: FKAA; Municipal Sewer Appliances: No Appliances Construction: Other Land Size: 5 Less Than 10 Acres Fee Includes: None
Listing Office: Coldwell Banker Schmitt Real Estate Co.
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.