325 Duval Street

Key West, FL 33040 / Old Town - Unlisted (1.0)

MLS ID# 598172 Closed
Commercial

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Closed $10,000,000

0.29 acres

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• Description
• Location, Tax & Legal
• General Property Description
• Details

Description

Possible Short term Owner Financing Considered - Lower Duval Street, 12 unit guesthouse complex offering over sized single rooms, suites & 2 bedroom units with kitchens with large heated pool. - - - Perfect location within the 2-4 block Entertainment District of Old Town inclusive of bars, restaurants, theaters, Mallory Square attractions and the cruise ship port. >>>> Huge 13,000 sq ft parcel buffered from traffic & street noise, with rooms being setback 40' from Duval. The 200' deep parcel provides a unique 100 foot separation between the front & rear, 3 & 2 story structures - offering guests considerably more privacy. *** Valuable 6 space, compact car guest parking situated between the two collective 7,000 sq.ft buildings. Casa 325 Suites offers a melding of a (7) unit, 100 year old 3 story, ship builders' construction - along with a more recently developed, 5 unit, 2 story structure offering larger rooms & vaulted ceilings. +++ All units have custom furniture built from reclaimed Dade County Pine. Large 2 bdrm ADA unit with kitchen. Prime Duval Street attractions booth included, situated at driveway entrance, currently leased out but should be operated by the Guesthouse operation itself. ||||| Go to Casa325.com for full array of pictures, layout of units & rates. Excellent Trip Advisor Rating. There are also (13) electric meters & ( 7 ) water meters on site. ** See 'Documents for Survey, Licenses & aerial with lot lines ** CASH FLOW - 2021 - $1.33 mil gross / NOI - $705,000. 89% Average Occupancy |2022 - $1.3 mil gross / NOI $600,000 - 88% Average Occupancy. $665,000 Advance Bookings as of 10/2023 - 12/2024 The over sized rooms and property amenities will support higher rates than what is being charged. (7) out of the 12 units have kitchens Possible Short term Owner Financing Considered - Lower Duval Street, 12 unit guesthouse complex offering over sized single rooms, suites & 2 bedroom units with kitchens with large heated pool. - - - Perfect location within the 2-4 block Entertainmen... show more

Location, Tax & Legal

• Street # 325
• Street Name Duval
• Street Suffix Street
• Key/Island Key West
• City KEY WEST
• State/Province FL
• Zip Code 33040
• Off Shore Island No
• Subdivision Old Town - Unlisted (1.0)
• Mile Marker 1
• County Monroe
• Area 02 - Key West
• KW Neighborhood Old Town-N of Truman
• Marathon Neighborhood N/A
• Side N/A
• Flood Zone 0.2 PCT ANNUAL CHANC
• Alternate Key # 1004499
• Parcel # 00004320-000000
• Zoning HRCC - Historic Residential Commercial Core
• Legal KW PT LOT 4 SQR 24 H3-262 G39-327/28 OR107-365/66 OR1190-2210 OR1198-1129/30 OR1235-1123D/C OR1235-1124/43 OR1235-1146/
• Taxes 29998.8
• Tax Year 2020

General Property Description

• Realtor.COM Type Commercial
• Style Commercial
• Lot Size 55' x 241
• Lot SqFt 12725
• Waterfront No
• Control Depth 0
• Business Name casa325 suites
• Year Established 1989-12-31
• # Parking Spaces 6
• Off Street Parking yes
• # Stories 2
• Total # Buildings 2
• Building SqFt 6235
• SqFt Source Property Data Card
• Net Leasable Area 2640
• Total Units 0
• Year Built 1933
• Total Bedrooms 14
• Full Baths 12
• Half Baths 0
• Total Baths 12

Details

• Deed Restrictions

  No

• License Info

  # of City License:12, # of County License:12, # of Transient Licns:12

• Association Info

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

• Accounts & Meters

  # Water Meters:7, # Electric Meters:13

• Property Info

  # Kitchens:7, # Refrigerators:12, # Washers:3, # Dryers:3, License Included

• Type

  Hotel/Motel

• Waterfront

  None

• Waterview

  No Waterview

• Dockage

  None

• Vehicle Storage

  Guest Parking, Off Street Parking

• Cooling

  Ceiling Fans(s), Central Air, Heat Pump, Wall/Window Unit(s)

• Utilities

  FKAA, Municipal Sewer

• Interior Features

  Cathedral Ceilings, Drapes/Blinds Incl, Furnished, Smoke Alarms, Window Treatments

• Appliances

  Refrigerator, Washer

• Miscellaneous

  Lobby, Patio, Pool, Utility Building

• Construction

  Frame

• Electric

  Circuit Breakers

• Windows/Doors

  Double Hung Windows

• Shutters

  Panel

• Floor

  Wood

• Roof

  Shingle Roof, Tin Roof

• Land Size

  Less Than 1/4 Acre

• Fee Includes

  None

• Show

  24 Hour Notice, Call List Agent, No Sign on Property

• Property Rights

  Transient License

• Financial Status

  No Bank Owned, No Potential Short Sale