1128-1130 Duval Street, Key West, FL 33040

$6,500,000
Property Type: Commercial Bedrooms: 4 Baths: 6 Square Footage: 7,239 Lot Size (sq. ft.): 5,230 Status: Contingent/Show
Current Price: $6,500,000 List Date: 8/23/2024 Last Modified: 11/12/2024

Description

Fantastic high traffic and high visibility corner location on iconic Duval Street. Rare mixed-use opportunity just blocks from the Southernmost Point & the Hemingway Home and Museum. Two prime commercial spaces with large windows fronting on Duval Street and luxury residential spaces above. Built in 1948 and recently renovated! First floor is currently configured with one large retail/cafe space and a second smaller retail space along with offices, storage space and three half baths. The second floor offers a beautiful 3 bedroom, 2 bath apartment plus lockout 1 bedroom/1 bath. Residential space offers large private balcony overlooking Duval,Street perfect for people watching and parade viewing. Third floor level could be additional living space and features a private deck with treetop views. Frontage on Duval Street 64 ft and Catherine St frontage is 81.5 ft. Sale includes 50% interest in the parking lot at the corner of Catherine Street and Thompson Lane providing 6 plus parking spaces. HRCC-3 Zoning is a transient receiver zone. Purchase a transient license for the upstairs apartment to maximize investment potential. Do not disturb tenants, shown by appt. only.

More Information MLS# 611180

Contract Information

Current Price: $6,500,000 Listing Date: 2024-08-22 Listing Board: Key West Association List Price: $6,500,000 Limitd Reprsntation: No As is Rght to Inspct: Yes For Sale/Lease: For Sale Potential Short Sale: No Bank Owned: No

Location Tax Legal

Street #: 1128-1130 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: 02 - Key West

General Property Description

Realtor.COM Type: Commercial Style: Commercial Lot Size: 64x81.5 Lot SqFt: 5230 Waterfront: No # Parking Spaces: 6+ Off Street Parking: Parking Lot # Stories: 3 Total # Buildings: 1 Building SqFt: 7239 SqFt Source: Property Data Card Living Apx SqFt: 7239 Year Built: 1948 Total Bedrooms: 4 Full Baths: 3 Half Baths: 3 Total Baths: 6

Status Change Info

Contingent: Contingent/Show Status: Contingent/Show

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No

Vehicle Storage

Car(s): 4+

Financial Status

Bank Owned: No Potential Short Sale: No

Property Features

Type: Office Buildings; Professional Service; Restaurant; Retail Waterfront: None Waterview: No Waterview Dockage: None Vehicle Storage: Off Street Parking Cooling: Central Air Utilities: Buyer to Verify; FKAA; Municipal Sewer Interior Features: Split Bedroom Appliances: Dryer; Range; Refrigerator; Washer Miscellaneous: High Traffc Location; Residence on Premise; Storage Construction: CBS Floor: Combo; Tile Roof: Metal Roof Land Size: Less Than 1/4 Acre Fee Includes: None Title: Negotiable
Listing Office: Bascom Grooms Real Estate (KW)
Last Updated: November - 12 - 2024
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