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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

Overview

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.

Listing Details MLS# 120497

Location, Tax & Legal

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
KW Neighborhood
Old Town-N of Truman
City
KEY WEST
Mile Marker
1
Side
Median
Alternate Key #
1021172
Bldg Nbr
No
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

Contract Information

Listing Board
Key West Association
Limited Representation
No
As is Rght to Inspct
Yes
For Sale/Lease
For Sale
Potential Short Sale
No

General Property Description

Realtor.COM Type
Commercial
Style
Commercial
Lot SqFt
16350
Waterfront
No
Business Name
Mermaid & Alligator
# Parking Spaces
8
# Stories
2
Building Ht. Ft.
25
Total # Buildings
2
Building SqFt
4981
Year Built
1933

Status Change Info

Sold Date
2016-05-17

License Info

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

Association Info

Mandatory Home Owners Asc
No
Association Fee $
0

More Information

Financial Status

Potential Short Sale
No

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
Yes

Type

Other Services
Yes

Dockage

None
Yes

Property Info

Gross Annual Expense
0
NOI
0

Cooling

Ceiling Fans(s)
Yes
Wall/Window Unit(s)
Yes

Electric

Circuit Breakers
Yes

Floor

Combo
Yes
Tile
Yes
Wood
Yes

Windows/Doors

Sash/Screen Window
Yes
Single Hung Windows
Yes
Wood Windows
Yes

Construction

Frame
Yes

Land Size

1/4 - 1/2 Acre
Yes

Utilities

FKAA
Yes
Municipal Sewer
Yes

Title

Negotiable
Yes

Miscellaneous

Fencing
Yes
High Traffc Location
Yes
High Visibility
Yes
Highway Frontage
Yes
Lobby
Yes
Patio
Yes
Pool
Yes

Roof

Metal Roof
Yes

Shutters

Roll Down Manual
Yes

Tenant Paid

Tnt Pays No Utils
Yes

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
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.