526 Duval Street, Key West, FL 33040 (MLS# 116867)

526 Duval Street, Key West, FL 33040

$4,500,000

Property Type: Commercial Lot Size (sq. ft.): 5,000 Status: Closed

Current Price: $4,500,000 List Date: 8/20/2012 Last Modified: 9/09/2024

Description

This is an incredibly rare building offered for sale in the national tenant district of Duval Street. The current under market tenant's lease will expire in February of 2013. This will leave two prime commercial spaces down stairs perfect for upscale retail or national credit tenancy. The second floor is a huge 4,584 Square foot 3 bedroom, 3.5 bath penthouse apartment with a 198 Square foot balcony that would be perfect for long term or potentially transient rental if the proper license is obtained. This is an outstanding 1031 exchange candidate or rock solid investment real estate on world famous Duval Street.

More Information MLS# 116867

Contract Information

Listing Board: Key West Association Limited Representation: No As is Rght to Inspct: No Potential Short Sale: No Bank Owned: No For Sale/Lease: For Sale Current Price: $4,500,000 Listing Date: 2012-08-20 Sold Price: $4,500,000

Location, Tax & Legal

KW Neighborhood: Old Town-N of Truman City: KEY WEST Mile Marker: 0 Side: Median Alternate Key #: 1010031 Bldg Nbr: 0 Taxes: 17111.36 Tax Year: 2011 Street #: 526 Street Name: Duval Street Suffix: Street Key/Island: Key West State/Province: FL Zip Code: 33040 Subdivision: Old Town - Unlisted (1.0) Area: 01 - Key West

General Property Description

Realtor.COM Type: Commercial Waterfront: No Lot SqFt: 5000 Business Name: - # Parking Spaces: 0 # Stories: 0 Building Ht. Ft.: 0 Total # Buildings: 0 Building SqFt: 9036 Style: Commercial Year Built: 1924

Remarks & Misc

Remarks – Consumer: This is an incredibly rare building offered for sale in the national tenant district of Duval Street. The current under market tenant's lease will expire in February of 2013. This will leave two prime commercial spaces down stairs perfect for upscale retail or national credit tenancy. The second floor is a huge 4,584 Square foot 3 bedroom, 3.5 bath penthouse apartment with a 198 Square foot balcony that would be perfect for long term or potentially transient rental if the proper license is obtained. This is an outstanding 1031 exchange candidate or rock solid investment real estate on world famous Duval Street.

Deed Restrictions

Unknown: 1

Association Info

Mandatory Home Owners Asc: No Association Fee $: 0

Type

Franchise: 1 Other Comrcl Style: 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

Construction

CBS: 1

Land Size

Less Than 1/4 Acre: 1

Utilities

FKAA: 1 Municipal Sewer: 1

Miscellaneous

High Traffc Location: 1 High Visibility: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Status Change Info

Sold Date: 2012-12-27 Sold Price: $4,500,000 Status: Closed

Property Features

Deed Restrictions: Unknown Type: Franchise; Franchise; Other Comrcl Style; Retail; Shop/Strip Center; Other Services Dockage: None Cooling: Central Air Utilities: FKAA; Municipal Sewer Miscellaneous: High Traffc Location; High Visibility Construction: CBS Land Size: Less Than 1/4 Acre

Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty

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.