625 South Street, Key West, FL 33040 (MLS# 103737)

625 South Street, Key West, FL 33040

$4,000,000

Property Type: Commercial Lot Size (sq. ft.): 16,368 Status: Closed

Current Price: $4,000,000 List Date: 10/18/2006 Last Modified: 9/09/2024

Description

Totally renovated 15 units with 15 transient licenses. 3 buildings, total 5,275s.f. Large 88' x 186s.f. corner lot with ample off street parking for 18 cars. In-ground concrete pool and tropical landscaping. Gross and Net can support purchase price. Great location in popular tourist district.

More Information MLS# 103737

Contract Information

Listing Board: Key West Association Range Pricing: No Limited Representation: No As is Rght to Inspct: Yes For Sale/Lease: For Sale Current Price: $4,000,000 Listing Date: 2006-10-18 Sold Price: $4,000,000

Location, Tax & Legal

City: KEY WEST Mile Marker: 1 Side: Ocean Alternate Key #: 1038890 Bldg Nbr: 0 Zoning: HCT - Historic Commercial Tourist Legal: Kwdtsweeny's Dia 0-327lots6&7 Sqr5 Tr17&Kw Investment Cosub Pb1-88 Lots1&2sqr18 Tr7 Taxes: 23108.11 Tax Year: 2005 Street #: 625 Street Name: South Street Suffix: Street Key/Island: Key West State/Province: FL Zip Code: 33040 Subdivision: Old Town - Unrecord (1.0) Area: 01 - Key West

General Property Description

Realtor.COM Type: Commercial Waterfront: No Lot Size: 88 x 186 Lot SqFt: 16368 Business Name: Ocean Breeze Inn Total Units: 15 Year Established: 1999-01-01 # Parking Spaces: 17 # Stories: 1 Building Ht. Ft.: 0 Total # Buildings: 3 Building SqFt: 5275 Style: Commercial Year Built: 1947

Remarks & Misc

Remarks – Consumer: Totally renovated 15 units with 15 transient licenses. 3 buildings, total 5,275s.f. Large 88' x 186s.f. corner lot with ample off street parking for 18 cars. In-ground concrete pool and tropical landscaping. Gross and Net can support purchase price. Great location in popular tourist district. Directions: South Street Towards Duval Street, Property On Right Side.

Deed Restrictions

Unknown: 1

Association Info

Mandatory Home Owners Asc: No

License Info

# of Transient Licns: 3

Type

Hotel/Motel: 1

Dockage

None: 1

Property Info

Gross Annual Expense: 0 NOI: 0

Cooling

Ceiling Fans(s): 1 Wall/Window Unit(s): 1

Electric

220 Volt: 1 Circuit Breakers: 1

Construction

CBS: 1

Land Size

1/4 - 1/2 Acre: 1

Utilities

FKAA: 1 Municipal Sewer: 1

Title

Negotiable: 1

Miscellaneous

Pool: 1

Roof

Metal Roof: 1

Status Change Info

Sold Date: 2007-05-25 Sold Price: $4,000,000 Status: Closed

Property Features

Deed Restrictions: Unknown Type: Hotel/Motel Dockage: None Cooling: Ceiling Fans(s); Wall/Window Unit(s) Utilities: FKAA; Municipal Sewer Miscellaneous: Pool Construction: CBS Electric: 220 Volt; Circuit Breakers Roof: Metal Roof Land Size: 1/4 - 1/2 Acre Title: Negotiable

Listing Office: At Home in Key West, Inc.

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.