$5,600,000
Key West, FL 33040
MLS# 611180
Status: Closed
4 beds | 6 baths | 7239 sqft
1 / 64
Property Description
Fantastic high traffic and high visibility corner location on iconic Duval Street. Rare mixed-use opportunity just blocks from the Southernmost Point & the Hemingway Home and Museum. Two prime commercial spaces with large windows fronting on Duval Street and luxury residential spaces above. Built in 1948 and recently renovated! First floor is currently configured with one large retail/cafe space and a second smaller retail space along with offices, storage space and three half baths. The second floor offers a beautiful 3 bedroom, 2 bath apartment plus lockout 1 bedroom/1 bath. Residential space offers large private balcony overlooking Duval,Street perfect for people watching and parade viewing. Third floor level could be additional living space and features a private deck with treetop views. Frontage on Duval Street 64 ft and Catherine St frontage is 81.5 ft. Sale includes 50% interest in the parking lot at the corner of Catherine Street and Thompson Lane providing 6 plus parking spaces. HRCC-3 Zoning is a transient receiver zone. Purchase a transient license for the upstairs apartment to maximize investment potential. Do not disturb tenants, shown by appt. only.
Details
Maps
Contract Information
Current Price: $5,600,000
Listing Date: 2024-08-22
Listing Board: Key West Association
Leased Price Monthly: $5,600,000
Limited Representation: No
As is Rght to Inspct: Yes
For Sale/Lease: For Sale
Potential Short Sale: No
Bank Owned: No
Location, Tax & Legal
Street #: 1128-1130
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
Style: Commercial
Lot Size: 64x81.5
Lot SqFt: 5230
Waterfront: No
# Parking Spaces: 6+
Off Street Parking: Parking Lot
# Stories: 3
Total # Buildings: 1
Building SqFt: 7239
SqFt Source: Property Data Card
Living Apx SqFt: 7239
Year Built: 1948
Total Bedrooms: 4
Full Baths: 3
Half Baths: 3
Total Baths: 6
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Vehicle Storage
Car(s): 4+
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Under Contract Date: 2025-01-26
Leased Date: 2025-02-26
Leased Price Monthly: $5,600,000
Status: Closed
Property Features
Type: Office Buildings; Professional Service; Restaurant; Retail
Waterfront: None
Waterview: No Waterview
Dockage: None
Vehicle Storage: Off Street Parking
Cooling: Central Air
Utilities: Buyer to Verify; FKAA; Municipal Sewer
Interior Features: Split Bedroom
Appliances: Dryer; Range; Refrigerator; Washer
Miscellaneous: High Traffc Location; Residence on Premise; Storage
Construction: CBS
Floor: Combo; Tile
Roof: Metal Roof
Land Size: Less Than 1/4 Acre
Fee Includes: None
Title: Negotiable
Listing Office: Bascom Grooms Real Estate (KW)
Last Updated: February - 27 - 2025
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