$5,250,000

824-826 Duval Street

Key West FL, 33040

Description

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.

Details

MLS#587053
StyleRetail
Sub-TypeResale
StatusActive
Year1933
Days On Site58

Features

SQ Feet5,200
Story(s)2
Units8
ZoningHRCC(1 - 4) - Hist Res Comm Core

Market Activity 33040

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Area Information

StateFL
CountyMonroe
CityKey West
Zip Code33040
AreaKey West
SubareaOld Town-N of Truman
Listing VS Median (in 33040)
Price:
$5,250,000
low | high
Med:
$715,000
100% of Average
SqFt:
5,200
low | high
Med:
1,357
100% of Average
$ / SqFt:
$1,010
low | high
Med:
$527
97.812050391269% of Average
On Site:
58
low | high
Med:
106
54.716981132075% of Average
Listing Updated: 10/17/2019
MLS Number: 587053
Listing Provided By:
Team Gardner/Langley  of  Berkshire Hathaway Knight Gardner Realty