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625 South Street, Key West, FL 33040

$4,000,000
Property Type: Commercial Lot Size (sq. ft.): 16,368 Status: Closed
Current Price: $4,000,000 List Date: 10/18/2006 Last Modified: 9/09/2024

Overview

Description

Totally renovated 15 units with 15 transient licenses. 3 buildings, total 5,275s.f. Large 88' x 186s.f. corner lot with ample off street parking for 18 cars. In-ground concrete pool and tropical landscaping. Gross and Net can support purchase price. Great location in popular tourist district.

Listing Details MLS# 103737

Location, Tax & Legal

Street #
625
Street Name
South
Street Suffix
Street
Key/Island
Key West
State/Province
FL
Zip Code
33040
Subdivision
Old Town - Unrecord (1.0)
Area
01 - Key West
City
KEY WEST
Mile Marker
1
Side
Ocean
Alternate Key #
1038890
Bldg Nbr
No
Zoning
HCT - Historic Commercial Tourist
Legal
Kwdtsweeny's Dia 0-327lots6&7 Sqr5 Tr17&Kw Investment Cosub Pb1-88 Lots1&2sqr18 Tr7
Taxes
23108.11
Tax Year
2005

Contract Information

Listing Board
Key West Association
Range Pricing
No
Limited Representation
No
As is Rght to Inspct
Yes
For Sale/Lease
For Sale

General Property Description

Realtor.COM Type
Commercial
Style
Commercial
Lot SqFt
16368
Waterfront
No
Business Name
Ocean Breeze Inn
Year Established
1999-01-01
# Parking Spaces
17
# Stories
Yes
Total # Buildings
3
Building SqFt
5275
Total Units
15
Year Built
1947
Building Ht. Ft.
0

Status Change Info

Sold Date
2007-05-25

License Info

# of Transient Licns
3

Association Info

Mandatory Home Owners Asc
No

More Information

Remarks & Misc

Remarks – Consumer
Totally renovated 15 units with 15 transient licenses. 3 buildings, total 5,275s.f. Large 88' x 186s.f. corner lot with ample off street parking for 18 cars. In-ground concrete pool and tropical landscaping. Gross and Net can support purchase price. Great location in popular tourist district.
Directions
South Street Towards Duval Street, Property On Right Side.

Deed Restrictions

Unknown
Yes

Type

Hotel/Motel
Yes

Dockage

None
Yes

Property Info

Gross Annual Expense
0
NOI
0

Cooling

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

Electric

220 Volt
Yes
Circuit Breakers
Yes

Construction

CBS
Yes

Land Size

1/4 - 1/2 Acre
Yes

Utilities

FKAA
Yes
Municipal Sewer
Yes

Title

Negotiable
Yes

Miscellaneous

Pool
Yes

Roof

Metal Roof
Yes

Property Features

Deed Restrictions: Unknown Type: Hotel/Motel Dockage: None Cooling: Ceiling Fans(s); Wall/Window Unit(s) Utilities: FKAA; Municipal Sewer Miscellaneous: Pool Construction: CBS Electric: 220 Volt; Circuit Breakers Roof: Metal Roof Land Size: 1/4 - 1/2 Acre Title: Negotiable
Listing Office: At Home in Key West, Inc.
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.