423 Duval Street, Key West, FL 33040 (MLS# 119464)

423 Duval Street, Key West, FL 33040

$6,800,000

Virtual Tour

http://www.visualtour.com/shownp.asp?sk=202&t=3270811

Property Type: Commercial Lot Size (sq. ft.): 6,600 Status: Closed

Current Price: $6,800,000 List Date: 3/04/2014 Last Modified: 9/09/2024

Description

Prime Income Producing, Investment Property on 400 Block of Duval St. 4 net leased stores, tenants pay all expenses. Base Rent approximately $516,000/yr + NNN. Directly across the street from the Crown Plaza La Concha Hotel. One of the few investment properties available anywhere on Duval St. All tenants have short term leases & rents could be increased along with LL collecting additional key money upon each renewal.

More Information MLS# 119464

Contract Information

Listing Board: Key West Association Limited Representation: No As is Rght to Inspct: Yes Potential Short Sale: No For Sale/Lease: For Sale Current Price: $6,800,000 Listing Date: 2014-03-04 Sold Price: $6,800,000

Location, Tax & Legal

KW Neighborhood: Old Town-N of Truman City: KEY WEST Mile Marker: 1 Side: Median Alternate Key #: 1006769 Bldg Nbr: 0 Legal: Kw Pt Lot 4 Sqr 37 G7 5-370/371 and as per Monroe County Tax Records Taxes: 19856 Tax Year: 2014 Street #: 423 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: 01 - Key West

General Property Description

Realtor.COM Type: Commercial Waterfront: No Lot SqFt: 6600 Business Name: n/a Total Units: 4 # Parking Spaces: 0 # Stories: 1 Building Ht. Ft.: 15 Total # Buildings: 1 Building SqFt: 5670 Style: Commercial Year Built: 1953

Remarks & Misc

Remarks – Consumer: Prime Income Producing, Investment Property on 400 Block of Duval St. 4 net leased stores, tenants pay all expenses. Base Rent approximately $516,000/yr + NNN. Directly across the street from the Crown Plaza La Concha Hotel. One of the few investment properties available anywhere on Duval St. All tenants have short term leases & rents could be increased along with LL collecting additional key money upon each renewal. Directions: Between Fleming and Eaton Sts. on the east side of Duval St.

Deed Restrictions

Unknown: 1

Association Info

Mandatory Home Owners Asc: No Association Fee $: 0

Type

Grocery/Convenience: 1 Professional Service: 1 Restaurant: 1 Retail: 1 Shop/Strip Center: 1 Other Services: 1

Dockage

None: 1

Property Info

Gross Annual Expense: 0 NOI: 0

Cooling

Central Air: 1

Electric

Circuit Breakers: 1

Floor

Tile: 1

Windows/Doors

Glass Doors: 1

Construction

CBS: 1 Stucco: 1

Land Size

Less Than 1/4 Acre: 1

Utilities

FKAA: 1 Municipal Sewer: 1

Title

Negotiable: 1

Miscellaneous

High Traffc Location: 1 High Visibility: 1

Roof

Shingle Roof: 1

Financial Status

Potential Short Sale: No

Tenant Paid

Cable: 1 Electric: 1 Garbage: 1 Gas: 1 Insurance: 1 Sewer: 1 Taxes: 1 Water: 1

Status Change Info

Sold Date: 2015-06-05 Sold Price: $6,800,000 Status: Closed

Property Features

Deed Restrictions: Unknown Type: Grocery/Convenience; Professional Service; Restaurant; Retail; Shop/Strip Center; Other Services Dockage: None Cooling: Central Air Utilities: FKAA; Municipal Sewer Miscellaneous: High Traffc Location; High Visibility Construction: CBS; Stucco Electric: Circuit Breakers Floor: Tile Roof: Shingle Roof Land Size: Less Than 1/4 Acre Title: Negotiable Tenant Paid: Cable; Electric; Garbage; Gas; Insurance; Sewer; Taxes; Water

Listing Office: RE/MAX KEYS CONNECTION

Last Updated: September - 09 - 2024

The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.