$7,395,000

810-812 Duval Street

Key West FL, 33040

Description

Tropical Inn is an extraordinary boutique hotel centered on world-famous Duval St and equidistant from the Mallory Sunset Pier and the Southernmost Point Buoy. The 11 exquisitely appointed guest rooms are each unique and they are situated in 4 historic homes on nearly 1/4 acre of land in the heart of Key West's Old Town. Lush tropical gardens, pools and spa create an enchanting paradise for guests who frequently visit the inn. With 20 years of success, the Tropical Inn has a large percentage of repeat guests. Tropical Inn consistently outperforms the average daily rate for Key West B&B's as per Smith Travel Research. There is excellent upside potential in the occupancy rate. The property consists of 4 parcels with 11 transient licenses and a commercial retail space on Duval Street

Details

MLS#586161
StyleRetail
Sub-TypeResale
StatusActive
Year1890
Days On Site91

Features

SQ Feet4,429
Story(s)1
Units12
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:
$7,395,000
low | high
Med:
$695,000
100% of Average
SqFt:
4,429
low | high
Med:
1,220
100% of Average
$ / SqFt:
$1,670
low | high
Med:
$570
100% of Average
On Site:
91
low | high
Med:
61
100% of Average
Listing Updated: 09/16/2019
MLS Number: 586161
Listing Provided By:
Keith Bland  of  Truman Co. (KW)