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517 Duval & 518 Bahama Street

Key West, FL 33040
  • $7,000,000
  • STATUS: Active
  • ON SITE: 308 Days
  • MLS #: 603962
UPDATED: 29 min ago
$7,000,000
  • 0
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 4
    1/2 BATHS
  • 7,854
    SQFT
  • $891
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1933
County:

School Ratings & Info

Description

Prime Trophy Investment Property in the heart of Duval St. The Coach Retail Building is a once in a lifetime opportunity! Coach is a very strong, long term NNN retail tenant. Upstairs are 6 professional offices. Combined all tenants provide consistent income with minimal owner management. Property has been in the same family ownership since the 1940's and the first time listed for sale. 2 story concrete Building is in excellent condition and well maintained. Valuable large parking lot in rear is 518 Bahama St. Room for 10 + cars plus dumpster and loading area. Both lots total 9,068 sf.Gorgeous Coach retail store occupies the entire ground floor with 51' of Duval St. frontage. Occupies a total approx. 3,937 sf. Coach have been great tenants in the building since 1998 and have a long term, NNN lease. 2nd floor is 3,937 sf. with 6 individual offices. Upstairs tenants on gross leases & each has own electric meter. Also a storage room & individual Men & Woman's bathrooms. Extensive list of Building repairs and recent renovations available includ. new impact resistant doors and windows & awning replaced on entire first floor storefront, rebuild rear stairwell, recoat roof, and stormwater disposal well in lot plus many others. Property sits in the 500 Block of Duval St., an X flood zone. Thousands of tourists and locals walk by & drive by daily. Neighboring business include Margaritaville, Banana Republic, Kilwin's Fudge, Jack Flats, Gap, CVS & Walgreens, San Carlos Institute and more. Perfect for a1031 Exchange and/ or long term investor.

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Expert Realty are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.keywestexperts.com/homes/136495732
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517 Duval & 518 Bahama Street Key West, FL 33040

  • Price: $7,000,000
  • Status: Active
  • On Site: 308 Days
  • Updated: 29 min ago
  • MLS #: 603962
0
Beds
0
Baths
4
½ Baths
0.21
Acres
7,854
SQFT
$891
$/SQFT
1933
Built
Neighborhood:
Old Town-S Of Truman
County:
Monroe
Area:
01 - Key West
Property Description
Prime Trophy Investment Property in the heart of Duval St. The Coach Retail Building is a once in a lifetime opportunity! Coach is a very strong, long term NNN retail tenant. Upstairs are 6 professional offices. Combined all tenants provide consistent income with minimal owner management. Property has been in the same family ownership since the 1940's and the first time listed for sale. 2 story concrete Building is in excellent condition and well maintained. Valuable large parking lot in rear is 518 Bahama St. Room for 10 + cars plus dumpster and loading area. Both lots total 9,068 sf.Gorgeous Coach retail store occupies the entire ground floor with 51' of Duval St. frontage. Occupies a total approx. 3,937 sf. Coach have been great tenants in the building since 1998 and have a long term, NNN lease. 2nd floor is 3,937 sf. with 6 individual offices. Upstairs tenants on gross leases & each has own electric meter. Also a storage room & individual Men & Woman's bathrooms. Extensive list of Building repairs and recent renovations available includ. new impact resistant doors and windows & awning replaced on entire first floor storefront, rebuild rear stairwell, recoat roof, and stormwater disposal well in lot plus many others. Property sits in the 500 Block of Duval St., an X flood zone. Thousands of tourists and locals walk by & drive by daily. Neighboring business include Margaritaville, Banana Republic, Kilwin's Fudge, Jack Flats, Gap, CVS & Walgreens, San Carlos Institute and more. Perfect for a1031 Exchange and/ or long term investor.
Exterior Features

Construction Concrete Dockage None Land Size More than 1 Lot Lot Size 9068 Miscellaneous High Traffc LocationStorageManager on PremisesHigh Visibility Off Street Parking yes Parking Spaces 10+ Roof Other Roof Shutters Accordion Side N/A Style Commercial Vehicle Storage Assigned ParkingOff Street Parking Waterfront None Waterfront YN No Waterview No Waterview

Interior Features

Appliances No Appliances Cooling Heating Central AirWall/Window Unit(s) Floor Other Interior Features Entrance Foyer Net Leasable Area 7854.00 Windows Doors Impact Rstnce WindowOther Windows/Doors

Property Features

Assoc Hoa YN No Assoc Right Of Refusal No Bank Owned No Bank Owned Financial Status No Building Number 517 City KEY WEST Commercial Type Office BuildingsProfessional ServiceRetail Control Depth 0 Deed Restrictions No Electric 220 Volt Electric Meters 7 Fee Includes Other Fema List No Flood Zone X Key West Neighborhood Old Town-S of Truman Legal KW PT LOTS 3&4 SQR 50 E2-452 H2-544 OR35-299 OR121-449/51 OR297-98/99 OR325-39/40 OR561-946 OR608-721/22 OR686-3 OR768-6 License Info Other/See Remarks Listing Board Key West Association Mile Marker 1.00 Off Shore Island No Potential Short Sale No Potential Short Sale Financial Status No Property Type Commercial Sewer Accounts 1 Sq Ft Source Property Data Card Tax Year 2022 Taxes 32704.00 Tenant Paid CableGarbageTaxesInsuranceElectric Terms No Seller Finance Title Negotiable Total Units 7.00 Utilities FKAAMunicipal Sewer Water Meters 1 Year Established 1932-12-31 Zoning HRCC(1 - 4) - Hist Res Comm Core 1-4 SF Specl

Listing courtesy of Curtis Skomp, Ccim of Re/Max Keys Connection (Kw): (305) 296-1400.


The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Expert Realty are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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Expert Realty
517 Duval Street #205
Key West FL, 33040