729 Truman Avenue, Key West, FL 33040 (MLS# 120497)

729 Truman Avenue, Key West, FL 33040

$3,500,000

Property Type: Commercial Lot Size (sq. ft.): 16,350 Status: Closed

Current Price: $3,500,000 List Date: 10/17/2014 Last Modified: 9/09/2024

Description

Exclusive Bed and Breakfast being offered for sale in Old Town, 3 block from Duval St. Premier property consisting of two buildings on two lots, 9 units, each room is themed and unique. Commercial kitchen licensed for 12 restaurant seats. Food served is gourmet quality. Occupancy in 2013 was at 92% with an average daily rate of $234.92 per room. Strong repeat business, outstanding condition, amazing reviews. Inground concrete pool and lavish grounds, porches, nooks. Offstreet parking for 8 cars.

More Information MLS# 120497

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: $3,500,000 Listing Date: 2014-10-17 Sold Price: $3,500,000

Location, Tax & Legal

KW Neighborhood: Old Town-N of Truman City: KEY WEST Mile Marker: 1 Side: Median Alternate Key #: 1021172 Bldg Nbr: 0 Zoning: HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med Legal: Kw Pt Lt 5 & 6 Sqr 2 Tr 5 and as per Monroe County Tax Records Alt # 1021172 & # 1021229 Taxes: 27313 Tax Year: 2013 Street #: 729 Street Name: Truman Street Suffix: Avenue 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: 16350 Business Name: Mermaid & Alligator # Parking Spaces: 8 # Stories: 2 Building Ht. Ft.: 25 Total # Buildings: 2 Building SqFt: 4981 Style: Commercial Year Built: 1933

Remarks & Misc

Remarks – Consumer: Exclusive Bed and Breakfast being offered for sale in Old Town, 3 block from Duval St. Premier property consisting of two buildings on two lots, 9 units, each room is themed and unique. Commercial kitchen licensed for 12 restaurant seats. Food served is gourmet quality. Occupancy in 2013 was at 92% with an average daily rate of $234.92 per room. Strong repeat business, outstanding condition, amazing reviews. Inground concrete pool and lavish grounds, porches, nooks. Offstreet parking for 8 cars. Directions: At the corner of Truman Ave (US Hwy 1) and Windsor Lane, across the street from St. Mary's.

Deed Restrictions

Unknown: 1

Association Info

Mandatory Home Owners Asc: No Association Fee $: 0

License Info

# of City License: Guest House/B&B # of Transient Licns: 2 Non Trans Rntl Lic: 1

Type

Other Services: 1

Dockage

None: 1

Property Info

Gross Annual Expense: 0 NOI: 0

Cooling

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

Electric

Circuit Breakers: 1

Floor

Combo: 1 Tile: 1 Wood: 1

Windows/Doors

Sash/Screen Window: 1 Single Hung Windows: 1 Wood Windows: 1

Construction

Frame: 1

Land Size

1/4 - 1/2 Acre: 1

Utilities

FKAA: 1 Municipal Sewer: 1

Title

Negotiable: 1

Miscellaneous

Fencing: 1 High Traffc Location: 1 High Visibility: 1 Highway Frontage: 1 Lobby: 1 Patio: 1 Pool: 1

Roof

Metal Roof: 1

Financial Status

Potential Short Sale: No

Shutters

Roll Down Manual: 1

Tenant Paid

Tnt Pays No Utils: 1

Status Change Info

Sold Date: 2016-05-17 Sold Price: $3,500,000 Status: Closed

Property Features

Deed Restrictions: Unknown License Info: Non Trans Rntl Lic Type: Other Services Dockage: None Cooling: Ceiling Fans(s); Wall/Window Unit(s) Utilities: FKAA; Municipal Sewer Miscellaneous: Fencing; High Traffc Location; High Visibility; Highway Frontage; Lobby; Patio; Pool Construction: Frame Electric: Circuit Breakers Shutters: Roll Down Manual Floor: Combo; Tile; Wood Roof: Metal Roof Land Size: 1/4 - 1/2 Acre Title: Negotiable Tenant Paid: Tnt Pays No Utils

Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty

Last Updated: September - 09 - 2024

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