View 824-826 Duval Street, KEY WEST listed at $6,500,000

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824-826 Duval Street,

KEY WEST, Florida FL33040

Listing ID587053

Sold For$5,800,000

StatusClosed

Sold Date2/18/2022

Bedrooms6

Total Baths8

Full Baths6

Partial Baths2

SqFt 5,200

CountyMonroe

SubdivisionOld Town - Unlisted (1.0)

Year Built1933

Property TypeCommercial

Property Sub TypeCommercial

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.

Primary Features

County Monroe

Half Baths 2

Property Sub Type Commercial

Property Type Commercial

Subdivision Old Town - Unlisted (1.0)

Year Built 1933

Zoning HRCC(1 - 4) - Hist Res Comm Core 1-4 SF Specl

Interior

Appliances: Other YES

Cooling/Heating Central Air

Interior Features Laundry Room

Number of Stories 2

SqFt Source Property Data Card

External

Construction CBS

Control Depth 0

Dockage None

Flood Zone x

Land Size Less Than 1/4 Acre

Lot Size 9500

Lot SqFt 9500

Number of Parking Spaces 8

Off Street Parking yes

Side right

Style Commercial

Total Number of Buildings 1

Total Units 8

Vehicle Storage Off Street Parking

Waterfront no

Waterfront Type None

Waterview No Waterview

Location

Area 02 - Key West

Key/Island Key West

KW Neighborhood Old Town-N of Truman

Mile Marker 1

Parcel Number 00017141-000000

Additional

Days On Market 835

Miscellaneous High Traffc Location, Pool, Other Miscellaneous, High Visibility

Type 2 Hotel/Motel,Retail,Restaurant,Professional Service,Other Comrcl Style,Office Buildings

Utilities FKAA, Municipal Sewer

Financial

1st Right of Refusal no

Bank Owned no

Fee Includes Other

Financial Status: Bank Owned no

Financial Status: Potential Short Sale no

For Sale/Lease For Sale

HOA no

Legal MAISON SUR DUVAL CONDOMINIUM (F/K/A RE 00017140-000000 AK 1017574) OR2160-2191/2272DEC OR2397-879/882AMD

License Info Other/See Remarks

Number of Transient License 6

Potential Short Sale no

Zoning Info

Area Info

©2024 Florida Keys MLS, Inc. The data relating to real estate for sale on this web site comes in part from the Florida Keys Multiple Listing Service. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Information is deemed reliable but not guaranteed. Data last updated: Tuesday, April 16th, 2024 at 08:14:51 AM.