611 - 615 Whitehead Street, Key West, FL 33040
$5,225,000
Property Type:
Commercial Sale
Bedrooms:
16
Baths:
16.1
Square Footage:
4,604
Lot Size (sq. ft.):
7,211
Status:
Closed
Current Price:
$5,225,000
List Date:
8/30/2017
Last Modified:
9/09/2024
Description
The Coco Plum Inn is a charming Old Town guest house comprised of two historic buildings in a prime location with 14 fully licensed rooms plus a non-transient license (28 day rental min.) that could be used as a vacation rental. The current configuration is 2 apts., one used by an employee and the other by the owner. Lushly landscaped grounds, large swimming pool, courtyard and parking. Includes 14 transient licenses, 1 non-transient license, & a 12 seat restaurant license. An incredible business opportunity with enormous upside potential in occupancy rate to achieve the 85% STR average for Key West. The best possible location in the heart of Old Town Key West's commercial district, one block west of world famous Duval Street.
More Information MLS# 576834
Contract Information
Current Price: $5,225,000
Listing Date: 2017-08-30
Listing Board: Key West Association
Sold Price: $5,225,000
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 #: 611 - 615
Street Name: Whitehead
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Subdivision: Old Town - Unrecord (1.0)
County: Monroe
Area: 01 - Key West
General Property Description
Realtor.COM Type: Commercial
Style: Commercial
Lot Size: 84.8 x 85
Lot SqFt: 7211
Waterfront: No
Business Name: Coco Plum Inn
Year Established: 1989-12-31
# Parking Spaces: 2
Off Street Parking: Yes
# Stories: 2
Total # Buildings: 2
Building SqFt: 4604
SqFt Source: Tax Records
Living Apx SqFt: 4604
Total Units: 15
Year Built: 1920
Total Bedrooms: 16
Full Baths: 16
Half Baths: 1
Total Baths: 16.1
Status Change Info
Under Contract Date: 2018-05-21
Sold Date: 2018-08-16
Sold Price: $5,225,000
Status: Closed
License Info
# of City License: 15
# of Transient Licns: 14
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Vehicle Storage
Car(s): 2
Financial Status
Bank Owned: No
Potential Short Sale: No
Property Features
License Info: Non Trans Rntl Lic
Type: Hotel/Motel
Waterfront: None
Waterview: No Waterview
Dockage: None
Cooling: Ceiling Fans(s); Wall/Window Unit(s)
Utilities: FKAA; Municipal Sewer; Separate Meters
Interior Features: Drapes/Blinds Incl; Furnished; Laundry Room; Smoke Alarms
Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer
Miscellaneous: Fencing; High Traffc Location; Manager on Premises; Patio; Pool; Residence on Premise; Storage
Construction: Frame
Electric: Circuit Breakers
Floor: Tile; Wood
Roof: Metal Roof
Land Size: More than 1 Lot
Fee Includes: None
Property Rights: Transient License
Documents
Zone X Flood Map ›Listing Office: Truman & Co. (KW)
Last Updated: September - 09 - 2024
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