824-826 Duval Street, Key West, FL 33040
$5,800,000
Property Type:
Commercial
Bedrooms:
6
Baths:
8
Lot Size (sq. ft.):
9,500
Status:
Closed
Current Price:
$5,800,000
List Date:
1/03/2020
Last Modified:
9/09/2024
Description
Strong Investment Opportunity in place with a proven track record, rare opportunity to tap into the existing & growing tourism district of Key West Florida. Premium Old Town location on the famous Duval Street, this mixed-use building has 8 units: 6 one bedroom transiently licensed guest rooms & 2 commercial store front spaces. Off street parking lot with a min of 8 spaces from rear lane leads pass the in-ground pool to main electronic entrance of the 6 upstairs residential units. Remotely managed low maintenance vacation rentals allow auto check in for guests. Exceptional net operating income for a 5200sf CBS building located in the X flood zone, property has been converted to condominium units but all are under common ownership.
More Information MLS# 587053
Contract Information
Listing Board: Key West Association
Limited Representation: No
Potential Short Sale: No
Bank Owned: No
For Sale/Lease: For Sale
Current Price: $5,800,000
Listing Date: 2019-08-20
Sold Price: $5,800,000
Location, Tax & Legal
KW Neighborhood: Old Town-N of Truman
City: KEY WEST
Mile Marker: 1
Marathon Neighborhood: N/A
Side: N/A
Flood Zone: x
Alternate Key #: 9085082
Add'l Parcel #1: 00017141-000826
Parcel #: 00017141-000000
Add'l Parcel #2: 00017141-000824
Zoning: HRCC(1 - 4) - Hist Res Comm Core 1-4 SF Specl
Legal: MAISON SUR DUVAL CONDOMINIUM (F/K/A RE 00017140-000000 AK 1017574) OR2160-2191/2272DEC OR2397-879/882AMD
Taxes: 0
Tax Year: 0
Street #: 824-826
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
General Property Description
Realtor.COM Type: Commercial
Waterfront: No
Control Depth: 0
Lot Size: 9500
Lot SqFt: 9500
Total Units: 8
# Parking Spaces: 8
Off Street Parking: yes
# Stories: 2
SqFt Source: Property Data Card
Total # Buildings: 1
Building SqFt: 5200
Style: Commercial
Year Built: 1933
Total Bedrooms: 6
Full Baths: 6
Half Baths: 2
Total Baths: 8
Remarks & Misc
Remarks – Consumer: Strong Investment Opportunity in place with a proven track record, rare opportunity to tap into the existing & growing tourism district of Key West Florida. Premium Old Town location on the famous Duval Street, this mixed-use building has 8 units: 6 one bedroom transiently licensed guest rooms & 2 commercial store front spaces. Off street parking lot with a min of 8 spaces from rear lane leads pass the in-ground pool to main electronic entrance of the 6 upstairs residential units. Remotely managed low maintenance vacation rentals allow auto check in for guests. Exceptional net operating income for a 5200sf CBS building located in the X flood zone, property has been converted to condominium units but all are under common ownership.
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
License Info
# of Transient Licns: 6
Other/See Remarks: 1
Type
Hotel/Motel: 1
Office Buildings: 1
Other Comrcl Style: 1
Professional Service: 1
Restaurant: 1
Retail: 1
Fee Includes
Other: 1
Dockage
None: 1
Cooling
Central Air: 1
Waterfront
None: 1
Waterview
No Waterview: 1
Interior Features
Laundry Room: 1
Vehicle Storage
Off Street Parking: 1
Construction
CBS: 1
Land Size
Less Than 1/4 Acre: 1
Utilities
FKAA: 1
Municipal Sewer: 1
Miscellaneous
High Traffc Location: 1
High Visibility: 1
Pool: 1
Other Miscellaneous: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Sold Date: 2022-02-18
Sold Price: $5,800,000
Status: Closed
Property Features
License Info: Other/See Remarks
Type: Hotel/Motel; Office Buildings; Other Comrcl Style; Professional Service; Restaurant; Retail
Waterfront: None
Waterview: No Waterview
Dockage: None
Vehicle Storage: Off Street Parking
Cooling: Central Air
Utilities: FKAA; Municipal Sewer
Interior Features: Laundry Room
Miscellaneous: High Traffc Location; High Visibility; Pool; Other Miscellaneous
Construction: CBS
Land Size: Less Than 1/4 Acre
Fee Includes: Other
Listing Office:
Berkshire Hathaway HomeServices Knight & Gardner Realty
Last Updated: September - 09 - 2024
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