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611 - 615 Whitehead Street, Key West, FL 33040

$5,225,000

Centrally located pool between two historic buildings.

12 Seat Restaurant serves a hot breakfast from a menu.

Property Type: Commercial Bedrooms: 16 Baths: 16.1 Square Footage: 4,604 Lot Size (sq. ft.): 7,211 Status: Closed

Current Price: $5,225,000 List Date: 8/30/2017 Last Modified: 9/09/2024

Overview

Description

The Coco Plum Inn is a charming Old Town guest house comprised of two historic buildings in a prime location with 14 fully licensed rooms plus a non-transient license (28 day rental min.) that could be used as a vacation rental. The current configuration is 2 apts., one used by an employee and the other by the owner. Lushly landscaped grounds, large swimming pool, courtyard and parking. Includes 14 transient licenses, 1 non-transient license, & a 12 seat restaurant license. An incredible business opportunity with enormous upside potential in occupancy rate to achieve the 85% STR average for Key West. The best possible location in the heart of Old Town Key West's commercial district, one block west of world famous Duval Street.

Listing Details MLS# 576834

Location, Tax & Legal

Street #: 611 - 615
Street Name: Whitehead
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-N of Truman
City: KEY WEST
Mile Marker: 1
Side: N/A
Flood Zone: X
Alternate Key #: 1013056 & 8819374
Add'l Parcel #1: 00012700-000100(611)
Parcel #: 00012680-000000(615)
Zoning: HRO - Historic Residential/Office
Legal: KW PT LOT 3 SQR 62 G37-466/67 (615 Whitehead St) and KW PT LOT 3 SQR 62 (611 Whitehead St)
Taxes: 22410
Tax Year: 2016

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

General Property Description

Realtor.COM Type: Commercial
Style: Commercial
Lot SqFt: 7211
Waterfront: No
Business Name: Coco Plum Inn
Year Established: 1989-12-31
# Parking Spaces: 2
Off Street Parking: Yes
# Stories: 2
Total # Buildings: 2
Building SqFt: 4604
SqFt Source: Tax Records
Living Apx SqFt: 4604
Total Units: 15
Year Built: 1920
Total Bedrooms: 16
Full Baths: 16
Half Baths: Yes
Total Baths: 16.1
Control Depth: 0

Status Change Info

Sold Date: 2018-08-16

License Info

# of City License: 15
# of Transient Licns: 14
Non Trans Rntl Lic: Yes

Association Info

Mandatory Home Owners Asc: No
1st Right of Refusal: No

More Information

Vehicle Storage

Car(s): 2

Financial Status

Bank Owned: No
Potential Short Sale: No

Remarks & Misc

Remarks – Consumer: The Coco Plum Inn is a charming Old Town guest house comprised of two historic buildings in a prime location with 14 fully licensed rooms plus a non-transient license (28 day rental min.) that could be used as a vacation rental. The current configuration is 2 apts., one used by an employee and the other by the owner. Lushly landscaped grounds, large swimming pool, courtyard and parking. Includes 14 transient licenses, 1 non-transient license, & a 12 seat restaurant license. An incredible business opportunity with enormous upside potential in occupancy rate to achieve the 85% STR average for Key West. The best possible location in the heart of Old Town Key West's commercial district, one block west of world famous Duval Street.
Directions: US1 (Truman Ave) South to Whitehead Street. Right on Whitehead St north. Coco Plum Inn is near the end of the fourth block past Truman Ave on the right side.

Type

Hotel/Motel: Yes

Fee Includes

None: Yes

Dockage

None: Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Cooling

Ceiling Fans(s): Yes
Wall/Window Unit(s): Yes

Waterfront

None: Yes

Electric

Circuit Breakers: Yes

Waterview

No Waterview: Yes

Floor

Tile: Yes
Wood: Yes

Interior Features

Drapes/Blinds Incl: Yes
Furnished: Yes
Laundry Room: Yes
Smoke Alarms: Yes

Windows/Doors

French Doors: Yes
Single Hung Windows: Yes
Wood Windows: Yes

Construction

Frame: Yes

Land Size

More than 1 Lot: Yes

Utilities

FKAA: Yes
Municipal Sewer: Yes
Separate Meters: Yes

Property Rights

Transient License: Yes

Miscellaneous

Fencing: Yes
High Traffc Location: Yes
Manager on Premises: Yes
Patio: Yes
Pool: Yes
Residence on Premise: Yes
Storage: Yes

Roof

Metal Roof: Yes

Property Features

License Info: Non Trans Rntl Lic Type: Hotel/Motel Waterfront: None Waterview: No Waterview Dockage: None Cooling: Ceiling Fans(s); Wall/Window Unit(s) Utilities: FKAA; Municipal Sewer; Separate Meters Interior Features: Drapes/Blinds Incl; Furnished; Laundry Room; Smoke Alarms Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer Miscellaneous: Fencing; High Traffc Location; Manager on Premises; Patio; Pool; Residence on Premise; Storage Construction: Frame Electric: Circuit Breakers Floor: Tile; Wood Roof: Metal Roof Land Size: More than 1 Lot Fee Includes: None Property Rights: Transient License

Documents

Zone X Flood Map ›

Listing Office: Truman & Co. (KW)

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.