$2,350,000
Key West, FL 33040
MLS# 122026
Status: Closed
1 / 17
Property Description
Upscale, renovated two-story 9,730 SF building in Old Town. Downstairs is leased to a single tenant with annual increases on a NNN basis comprised of 4,880 SF under air plus a 1,500 SF open patio area. Tenant also pays additional rent (in addition to base and triple net expenses)on a percentage of sales. Owner occupied 2nd floor has an impressive suite of offices, storage rooms, mechanical room, 2 one-bedroom apartments opening to wrap around balconies and a staircase entrance to the roof. This property is located in a transient license receiver zone affording the potential to increase income thru the short term rental of the two apartments on premises. Building is located between two large restaurants and adjacent to the Ocean Key Resort, Pier House Resort, The Galleon Resort, A&B Lobster
Details
Maps
Contract Information
Current Price: $2,350,000
Listing Date: 2015-08-24
Listing Board: Key West Association
Leased Price Monthly: $2,350,000
Limited Representation: No
As is Rght to Inspct: Yes
For Sale/Lease: For Sale
Potential Short Sale: No
Location, Tax & Legal
Street #: 524
Street Name: Front
Street Suffix: Street
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
Style: Commercial
Lot Size: 80' X 78'
Lot SqFt: 7836
Waterfront: No
Business Name: n/a
# Stories: 2
Total # Buildings: 1
Building SqFt: 9730
Year Built: 1977
Association Info
Mandatory Home Owners Asc: No
License Info
# of City License: Galleries
Financial Status
Potential Short Sale: No
Status Change Info
Under Contract Date: 2016-06-22
Leased Date: 2016-07-28
Leased Price Monthly: $2,350,000
Status: Closed
Property Features
Deed Restrictions: Unknown
License Info: Non Trans Rntl Lic
Type: Franchise; Franchise; Office Buildings; Other Comrcl Style; Professional Service; Restaurant; Retail; Other Services
Dockage: None
Cooling: Central Air; Heat Pump
Utilities: FKAA; Municipal Sewer
Miscellaneous: High Visibility; Patio; Residence on Premise; Storage
Construction: CBS
Electric: Circuit Breakers
Floor: Carpet; Concrete; Tile
Roof: Shingle Roof
Land Size: Less Than 1/4 Acre
Fee Includes: None
Title: Negotiable
Tenant Paid: Electric; Garbage; Insurance; Sewer; Taxes; Water
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.