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
Current Price: $5,800,000
Listing Date: 2019-08-20
Listing Board: Key West Association
Sold Price: $5,800,000
Limited Representation: No
For Sale/Lease: For Sale
Potential Short Sale: No
Bank Owned: No
Location Tax Legal
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
Style: Commercial
Lot Size: 9500
Lot SqFt: 9500
Waterfront: No
# Parking Spaces: 8
Off Street Parking: yes
# Stories: 2
Total # Buildings: 1
Building SqFt: 5200
SqFt Source: Property Data Card
Total Units: 8
Year Built: 1933
Total Bedrooms: 6
Full Baths: 6
Half Baths: 2
Total Baths: 8
Status Change Info
Sold Date: 2022-02-18
Sold Price: $5,800,000
Status: Closed
License Info
# of Transient Licns: 6
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Financial Status
Bank Owned: No
Potential Short Sale: No
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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