729 Truman Avenue, Key West, FL 33040
$3,500,000
Property Type:
Commercial
Lot Size (sq. ft.):
16,350
Status:
Closed
Current Price:
$3,500,000
List Date:
10/17/2014
Last Modified:
9/09/2024
Description
Exclusive Bed and Breakfast being offered for sale in Old Town, 3 block from Duval St. Premier property consisting of two buildings on two lots, 9 units, each room is themed and unique. Commercial kitchen licensed for 12 restaurant seats. Food served is gourmet quality. Occupancy in 2013 was at 92% with an average daily rate of $234.92 per room. Strong repeat business, outstanding condition, amazing reviews. Inground concrete pool and lavish grounds, porches, nooks. Offstreet parking for 8 cars.
More Information MLS# 120497
Contract Information
Listing Board: Key West Association
Limited Representation: No
As is Rght to Inspct: Yes
Potential Short Sale: No
For Sale/Lease: For Sale
Current Price: $3,500,000
Listing Date: 2014-10-17
Sold Price: $3,500,000
Location, Tax & Legal
KW Neighborhood: Old Town-N of Truman
City: KEY WEST
Mile Marker: 1
Side: Median
Alternate Key #: 1021172
Bldg Nbr: 0
Zoning: HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med
Legal: Kw Pt Lt 5 & 6 Sqr 2 Tr 5 and as per Monroe County Tax Records Alt # 1021172 & # 1021229
Taxes: 27313
Tax Year: 2013
Street #: 729
Street Name: Truman
Street Suffix: Avenue
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Subdivision: Old Town - Unlisted (1.0)
County: Monroe
Area: 01 - Key West
General Property Description
Realtor.COM Type: Commercial
Waterfront: No
Lot SqFt: 16350
Business Name: Mermaid & Alligator
# Parking Spaces: 8
# Stories: 2
Building Ht. Ft.: 25
Total # Buildings: 2
Building SqFt: 4981
Style: Commercial
Year Built: 1933
Remarks & Misc
Remarks – Consumer: Exclusive Bed and Breakfast being offered for sale in Old Town, 3 block from Duval St. Premier property consisting of two buildings on two lots, 9 units, each room is themed and unique. Commercial kitchen licensed for 12 restaurant seats. Food served is gourmet quality. Occupancy in 2013 was at 92% with an average daily rate of $234.92 per room. Strong repeat business, outstanding condition, amazing reviews. Inground concrete pool and lavish grounds, porches, nooks. Offstreet parking for 8 cars.
Directions: At the corner of Truman Ave (US Hwy 1) and Windsor Lane, across the street from St. Mary's.
Deed Restrictions
Unknown: 1
Association Info
Mandatory Home Owners Asc: No
Association Fee $: 0
License Info
# of City License: Guest House/B&B
# of Transient Licns: 2
Non Trans Rntl Lic: 1
Type
Other Services: 1
Dockage
None: 1
Property Info
Gross Annual Expense: 0
NOI: 0
Cooling
Ceiling Fans(s): 1
Wall/Window Unit(s): 1
Electric
Circuit Breakers: 1
Floor
Combo: 1
Tile: 1
Wood: 1
Windows/Doors
Sash/Screen Window: 1
Single Hung Windows: 1
Wood Windows: 1
Construction
Frame: 1
Land Size
1/4 - 1/2 Acre: 1
Utilities
FKAA: 1
Municipal Sewer: 1
Title
Negotiable: 1
Miscellaneous
Fencing: 1
High Traffc Location: 1
High Visibility: 1
Highway Frontage: 1
Lobby: 1
Patio: 1
Pool: 1
Roof
Metal Roof: 1
Financial Status
Potential Short Sale: No
Shutters
Roll Down Manual: 1
Tenant Paid
Tnt Pays No Utils: 1
Status Change Info
Sold Date: 2016-05-17
Sold Price: $3,500,000
Status: Closed
Property Features
Deed Restrictions: Unknown
License Info: Non Trans Rntl Lic
Type: Other Services
Dockage: None
Cooling: Ceiling Fans(s); Wall/Window Unit(s)
Utilities: FKAA; Municipal Sewer
Miscellaneous: Fencing; High Traffc Location; High Visibility; Highway Frontage; Lobby; Patio; Pool
Construction: Frame
Electric: Circuit Breakers
Shutters: Roll Down Manual
Floor: Combo; Tile; Wood
Roof: Metal Roof
Land Size: 1/4 - 1/2 Acre
Title: Negotiable
Tenant Paid: Tnt Pays No Utils
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.