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    917 Duval Street

    Key West, FL 33040
    • $7,000,000
    • STATUS: Active
    • ON SITE: 97 days
    • MLS #: 596594
    UPDATED: 43 min ago
    $7,000,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 2
      1/2 BATHS
    • 2,785
      SQFT
    • $2,513
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1953
    County:

    School Ratings & Info

    Description

    Rare opportunity to own a Prime Duval Street restaurant & bar that's modern, sophisticated and has a tropical flair. Ideally located in the heart of world-famous Duval midway between the Gulf and Atlantic, the restaurant and bar were totally renovated in 2007. The property is licensed for 187 seats. Step in from the busy street to a unique and inviting open-air lounge area contiguous to an enclosed air-conditioned formal dining room. There is also additional outdoor tropical garden seating. The flexible spaces are great for private parties or business and wedding banquets. Situated high and dry in the X flood zone with 2,785sf of gross building area & a lot size of 4,802sf, the property also has ROGO entitlements for two large residential apartments.Architectural plans (included) are for two 3bd/3ba non-transient units to be built on site on the second floor, each w/small dip pools. The property is in the transient-receiving zone, so with approval, transient licenses could be brought in for the residential units. This first time offering includes the 'as is' real estate which alone was recently appraised using a 7.5% cap rate. In addition to the RE, the two ROGO's, the transferable SRX liquor license, the successful restaurant/bar business and the FF&E also all convey. Priced based on current financials, there is considerable upside by taking advantage of all 187 licensed seats. A financial package is available to qualified buyers with a signed Confidentiality Agreement.

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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/118550568
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    917 Duval Street Key West, FL 33040

    • Price: $7,000,000
    • Status: Active
    • Updated: 43 min ago
    • MLS #: 596594
    0
    Beds
    0
    Baths
    2
    ½ Baths
    0.11
    Acres
    2,785
    SQFT
    $2,513
    $/SQFT
    1953
    Built
    Neighborhood:
    Old Town-N Of Truman
    County:
    Monroe
    Area:
    02 - Key West
    Property Description
    Rare opportunity to own a Prime Duval Street restaurant & bar that's modern, sophisticated and has a tropical flair. Ideally located in the heart of world-famous Duval midway between the Gulf and Atlantic, the restaurant and bar were totally renovated in 2007. The property is licensed for 187 seats. Step in from the busy street to a unique and inviting open-air lounge area contiguous to an enclosed air-conditioned formal dining room. There is also additional outdoor tropical garden seating. The flexible spaces are great for private parties or business and wedding banquets. Situated high and dry in the X flood zone with 2,785sf of gross building area & a lot size of 4,802sf, the property also has ROGO entitlements for two large residential apartments.Architectural plans (included) are for two 3bd/3ba non-transient units to be built on site on the second floor, each w/small dip pools. The property is in the transient-receiving zone, so with approval, transient licenses could be brought in for the residential units. This first time offering includes the 'as is' real estate which alone was recently appraised using a 7.5% cap rate. In addition to the RE, the two ROGO's, the transferable SRX liquor license, the successful restaurant/bar business and the FF&E also all convey. Priced based on current financials, there is considerable upside by taking advantage of all 187 licensed seats. A financial package is available to qualified buyers with a signed Confidentiality Agreement.
    Exterior Features

    Construction CbsFrame Dockage None Land Size Less Than 1/4 Acre Lot Size 48.3 X 100 Miscellaneous High Traffc LocationHigh VisibilityPatio Side Median Style Commercial Waterfront None Waterfront YN No Waterview No Waterview

    Interior Features

    Appliances Other Commercial Kitchen Cooling Heating Ceiling FansCentral A/C

    Property Features

    Assoc Hoa YN No Assoc Right Of Refusal No Bank Owned No Bank Owned Financial Status No Business Name Martin's City Key West Commercial Type BarRestaurant Control Depth 0 Fee Includes None Flood Zone X Key West Neighborhood Old Town-N Of Truman License Info Other/See Remarks Listing Board Key West Association Mile Marker 1.00 Potential Short Sale No Potential Short Sale Financial Status No Property Rights Beverage License Property Type Commercial Sq Ft Source Appraisal Tax Year 2020 Taxes 9766.60 Total Units 0.00 Utilities Buyer To VerifyFkaaMunicipal Sewer Zoning Hrcc(1 - 4) - Hist Res Comm Core 1-4 Sf Specl

    Listing courtesy of Terri Spottswood of Truman & Co. (Kw).


    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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    30964 Overseas Highway
    Big Pine Key FL, 33043