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810-812 Duval Street, Key West, FL 33040

$6,950,000
Property Type: Commercial Sale Bedrooms: 11 Baths: 11.2 Lot Size (sq. ft.): 10,703 Status: Closed
Current Price: $6,950,000 List Date: 6/18/2019 Last Modified: 9/09/2024

Overview

Description

Tropical Inn is an extraordinary boutique hotel centered on world-famous Duval St and equidistant from the Mallory Sunset Pier and the Southernmost Point Buoy. With an excellent ROI plus occupancy upside, the 11 exquisitely appointed guest rooms are each unique and are situated in 4 historic homes on nearly 1/4 acre of land in the heart of Key West's Commercial District. Lush tropical gardens, pools and spa create an enchanting paradise for guests who frequently visit the inn. With 20 years of success, the Tropical Inn has a large percentage of repeat guests. Tropical Inn consistently outperforms the average daily rate for Key West B&B's and 2019 revenue is up over 13% from 2018. The property consists of 4 parcels with 11 transient licenses and a commercial retail space on Duval St.

Supplements: currently leased by Vino's wine bar where guests enjoy a daily Happy Hour. Guests are also served continental breakfast and fresh fruit daily. Beautifully maintained structures and grounds along with a long consistent history of excellent financials make Tropical Inn a rock solid investment ready for a new owner to take the reigns and increase its ...

Listing Details MLS# 586161

Location, Tax & Legal

Street #
810-812
Street Name
Duval
Street Suffix
Street
Key/Island
Key West
State/Province
FL
Zip Code
33040
Subdivision
Old Town - Unlisted (1.0)
County
Monroe
Area
02 - Key West

Contract Information

Listing Board
Key West Association
Limited Representation
No
For Sale/Lease
For Sale
Potential Short Sale
No
Bank Owned
No

General Property Description

Realtor.COM Type
Commercial
Style
Commercial
Lot SqFt
10703
Waterfront
No
Business Name
Tropical Inn
Year Established
1999-10-28
# Parking Spaces
2
Off Street Parking
Yes
# Stories
Yes
Total # Buildings
4
Building SqFt
4429
SqFt Source
Property Data Card
Total Units
12
Year Built
1890
Total Bedrooms
11
Full Baths
11
Half Baths
2
Total Baths
11.2

Status Change Info

Under Contract Date
2021-02-27
Leased Date
2021-07-13

License Info

# of Transient Licns
11

Association Info

Mandatory Home Owners Asc
No
1st Right of Refusal
No

More Information

Property Info

# Kitchens
2
# Refrigerators
13
# Washers
2
# Dryers
3
# Dishwashers
Yes

Vehicle Storage

Car(s)
2

Financial Status

Bank Owned
No
Potential Short Sale
No

Property Features

Type: Bar; Hotel/Motel; Restaurant; Retail Waterfront: None Waterview: No Waterview Dockage: None Vehicle Storage: Off Street Parking Cooling: Ceiling Fans(s); Central Air; Heat; Heat Pump; Wall/Window Unit(s) Utilities: FKAA; Municipal Sewer Interior Features: Cathedral Ceilings; Drapes/Blinds Incl; Entrance Foyer; Furnished; Laundry Room; Pantry; Smoke Alarms; Whirlpool Bath Tub; Window Treatments Appliances: Dishwasher; Dryer; Refrigerator; Washer Miscellaneous: Fencing; High Traffc Location; High Visibility; Hot Tub; Lobby; Patio; Pool; Spa; Storage; Other Miscellaneous Construction: Frame Floor: Carpet; Tile; Wood Roof: Metal Roof Land Size: More than 1 Lot Fee Includes: None Property Rights: Multi-Use/Commercial; Transient License

Documents

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.
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