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517 Truman Avenue, Key West, FL 33040

$3,100,000
Property Type: Commercial Bedrooms: 6 Baths: 6 Square Footage: 3,916 Lot Size (sq. ft.): 4,280 Status: Closed
Current Price: $3,100,000 List Date: 5/04/2021 Last Modified: 9/09/2024

Overview

Description

Prime Investment property downtown Key West in good condition. Currently 6 units total, each mostly renovated. Total of 4 Transient Licensed units and 2 Commercial Units. Main building is two story CBS plus wood frame Cottage on Center St. There is a lease to the Coffee/Sandwich shop on Truman Ave. Also, a completely renovated Restaurant on the corner is partially equipped with a hood and is Vacant and ready for occupancy. There are 3 transient units in the main building; one transient unit on the ground floor plus two units on the 2nd floor each large 2bd/1ba units with Central AC. In addition there is a private transient 1bd/1ba cottage in the rear of the property. Buildings renovated in 2014/15 and sit in an X Flood Zone. Two off street parking spots and nearby street parking

Listing Details MLS# 595924

Location, Tax & Legal

Street #
517
Street Name
Truman
Street Suffix
Avenue
Key/Island
Key West
State/Province
FL
Zip Code
33040
Subdivision
Old Town - Unrecord (1.0)
County
Monroe
Area
01 - Key West
KW Neighborhood
Old Town-N of Truman
City
KEY WEST
Off Shore Island
No
Mile Marker
1
Marathon Neighborhood
N/A
Side
Median
Flood Zone
X
Alternate Key #
1018228
Parcel #
00017770-000000
Zoning
HRCC(1 - 4) - Hist Res Comm Core 1-4 SF Specl
Legal
KW PT LOT 4 SQR 8 TR 4 OR304-10 OR401-724/725 OR525-802/803 OR803-292/293 OR808-420 OR818-2026 CASE #79-834-CA-04 OR1480
Taxes
12868.48
Tax Year
2020

Contract Information

Listing Board
Key West Association
Limited Representation
No
For Sale/Lease
For Sale
Potential Short Sale
No
Bank Owned
No

General Property Description

Realtor.COM Type
Commercial
Style
Commercial
Lot SqFt
4280
Waterfront
No
# Parking Spaces
2
Off Street Parking
2
# Stories
2
Total # Buildings
2
Building SqFt
4465
Living Apx SqFt
3916
Total Units
6
Year Built
1963
Total Bedrooms
6
Full Baths
4
Half Baths
2
Total Baths
6
Control Depth
0

Status Change Info

Sold Date
2021-11-29

Association Info

Mandatory Home Owners Asc
No
1st Right of Refusal
No

Financial Status

Bank Owned
No
Potential Short Sale
No

More Information

Remarks & Misc

Remarks – Consumer
Prime Investment property downtown Key West in good condition. Currently 6 units total, each mostly renovated. Total of 4 Transient Licensed units and 2 Commercial Units. Main building is two story CBS plus wood frame Cottage on Center St. There is a lease to the Coffee/Sandwich shop on Truman Ave. Also, a completely renovated Restaurant on the corner is partially equipped with a hood and is Vacant and ready for occupancy. There are 3 transient units in the main building; one transient unit on the ground floor plus two units on the 2nd floor each large 2bd/1ba units with Central AC. In addition there is a private transient 1bd/1ba cottage in the rear of the property. Buildings renovated in 2014/15 and sit in an X Flood Zone. Two off street parking spots and nearby street parking

Type

Other Services
Yes

Fee Includes

Other
Yes

Dockage

None
Yes

Waterfront

None
Yes

Waterview

No Waterview
Yes

Construction

Stucco
Yes

Land Size

Less Than 1/4 Acre
Yes

Utilities

FKAA
Yes
Municipal Sewer
Yes

Property Features

Type: Other Services Waterfront: None Waterview: No Waterview Dockage: None Utilities: FKAA; Municipal Sewer Construction: Stucco Land Size: Less Than 1/4 Acre Fee Includes: Other
Listing Office: RE/MAX Keys Connection (KW)
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.