$3,750,000
Key West, FL 33040
MLS# 595568
9 beds | 6 baths | 4173 sqft
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Property Description
Opportunities like this do not come up often in Key West! Prime Mixed Use property on Duval St. for sale. Ready for redevelopment with many potential uses 5 or 6 legal units. There are 4 fully Licensed Residential Units ready for renovation. Plus 1 or 2 Commercial retail spaces on the ground floor. Some Foundation and flooring work done under the COM unit. Large 4,200 sf. lot with a good size backyard. Historic 2 Story frame building has total of 4,173 sf. One apartment has the large balcony overlooking Duval St. There is a grandfathered fixed awning over sidewalk for cover & shade. Rental income is below market value and the COM unit is owner occupied. Potential for redevelopment and future appreciation. Zoning allows many Commercial and Residential uses. Property sits in X Flood Zone. Same family ownership since 2003!
Details
Maps
Contract Information
Current Price: $3,750,000
Listing Date: 2021-04-09
Listing Board: Key West Association
List Price: $3,750,000
Limitd Reprsntation: No
For Sale/Lease: For Sale
Potential Short Sale: No
Bank Owned: No
Location, Tax & Legal
Street #: 919 - 921
Street Name: Duval
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Off Shore Island: No
Subdivision: Old Town - Unrecord (1.0)
Mile Marker: 1
County: Monroe
Area: 01 - Key West
KW Neighborhood: Old Town-N of Truman
Marathon Neighborhood: N/A
Side: Median
Flood Zone: X
Alternate Key #: 1018236
Parcel #: 00017780-000000
Zoning: HRCC(1 - 4) - Hist Res Comm Core 1-4 SF Specl
Legal: KW (PT SUBS 7 & 8) PT LOT 4 SQR 8 TR 4 H1-328 G36-235/236 OR510-823 OR604-375 OR811-978 OR926-2479/2480 OR936-2173Q/C OR
Taxes: 12668.16
Tax Year: 2020
General Property Description
Realtor.COM Type: Commercial
Style: Commercial
Lot Size: 42 x 101
Lot SqFt: 4200
Waterfront: No
Off Street Parking: No
# Stories: 2
Total # Buildings: 1
Building SqFt: 4173
Living Apx SqFt: 4173
Total Units: 5
Year Built: 1918
Total Bedrooms: 9
Full Baths: 5
Half Baths: 1
Total Baths: 6
Remarks & Misc
Remarks – Consumer: Opportunities like this do not come up often in Key West! Prime Mixed Use property on Duval St. for sale. Ready for redevelopment with many potential uses 5 or 6 legal units. There are 4 fully Licensed Residential Units ready for renovation. Plus 1 or 2 Commercial retail spaces on the ground floor. Some Foundation and flooring work done under the COM unit.
Large 4,200 sf. lot with a good size backyard. Historic 2 Story frame building has total of 4,173 sf. One apartment has the large balcony overlooking Duval St.
There is a grandfathered fixed awning over sidewalk for cover & shade.
Rental income is below market value and the COM unit is owner occupied. Potential for redevelopment and future appreciation. Zoning allows many Commercial and Residential uses. Property sits in X Flood Zone. Same family ownership since 2003!
Directions: Near corner of Truman Ave on the 900 Block of Duval St.
Status Change Info
Status: Active
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Accounts & Meters
# Sewer Accounts: 1
# Water Meters: 1
# Electric Meters: 4
Financial Status
Bank Owned: No
Potential Short Sale: No
Property Features
Type: Apartment 3 or more; Retail
Waterview: No Waterview
Dockage: None
Utilities: FKAA; Municipal Sewer
Construction: Frame
Land Size: Less Than 1/4 Acre
Fee Includes: None
Title: Negotiable
Listing Office: RE/MAX Keys Connection (KW)
Last Updated: December - 01 - 2022
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