810-812 Duval Street

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

MLS ID# 586161 Closed
Commercial

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Closed $6,950,000

0.25 acres

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

Description

Tropical Inn is an extraordinary boutique hotel centered on world-famous Duval St and equidistant from the Mallory Sunset Pier and the Southernmost Point Buoy. With an excellent ROI plus occupancy upside, the 11 exquisitely appointed guest rooms are each unique and are situated in 4 historic homes on nearly 1/4 acre of land in the heart of Key West's Commercial District. Lush tropical gardens, pools and spa create an enchanting paradise for guests who frequently visit the inn. With 20 years of success, the Tropical Inn has a large percentage of repeat guests. Tropical Inn consistently outperforms the average daily rate for Key West B&B's and 2019 revenue is up over 13% from 2018. The property consists of 4 parcels with 11 transient licenses and a commercial retail space on Duval St. Tropical Inn is an extraordinary boutique hotel centered on world-famous Duval St and equidistant from the Mallory Sunset Pier and the Southernmost Point Buoy. With an excellent ROI plus occupancy upside, the 11 exquisitely appointed guest rooms ar... show more

Location, Tax & Legal

• Street # 810-812
• Street Name Duval
• Street Suffix Street
• Key/Island Key West
• City KEY WEST
• State/Province FL
• Zip Code 33040
• 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 X
• Alternate Key # 1017361
• Add'l Parcel #1 00016940-000000
• Add'l Parcel #2 00016990-000000
• Parcel # 00016950-000000
• Bldg Nbr 4
• Zoning HRCC(1 - 4) - Hist Res Comm Core 1-4 SF Specl
• Legal KW PT LOT 1 SQR 6 TR 4 and KW PT LOT 1 SQR 6 TR 4 G49-535/36 and KW PT LOT 1 SQR 6 TR 4 D2-234 and KW PT LOT 1 SQR 6 TR
• Taxes 35214.39
• Tax Year 2018

General Property Description

• Realtor.COM Type Commercial
• Style Commercial
• Lot Size Add'l Parcel #3 00016980-000000
• Lot SqFt 10703
• Waterfront No
• Control Depth 0
• Business Name Tropical Inn
• Year Established 1999-10-28
• # Parking Spaces 2
• Off Street Parking Yes
• # Stories 1
• Total # Buildings 4
• Building SqFt 4429
• SqFt Source Property Data Card
• Total Units 12
• Year Built 1890
• Total Bedrooms 11
• Full Baths 11
• Half Baths 2
• Total Baths 11.2

Details

• License Info

  # of Transient Licns:11

• Association Info

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

• Accounts & Meters

  # Sewer Accounts:5, # Water Meters:5, # Electric Meters:5

• Property Info

  # Kitchens:2, # Refrigerators:13, # Washers:2, # Dryers:3, # Dishwashers:1

• Type

  Bar, Hotel/Motel, Restaurant, Retail

• Waterfront

  None

• Waterview

  No Waterview

• Dockage

  None

• Vehicle Storage

  Car(s):2, Off Street Parking

• Cooling

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

• Utilities

  FKAA, Municipal Sewer

• Interior Features

  Cathedral Ceilings, Drapes/Blinds Incl, Entrance Foyer, Furnished, Pantry, Smoke Alarms, Whirlpool Bath Tub, Window Treatments

• Appliances

  Dishwasher, Dryer, Refrigerator, Washer

• Miscellaneous

  Fencing, High Traffc Location, High Visibility, Hot Tub, Lobby, Patio, Pool, Spa, Storage, Other Miscellaneous

• Construction

  Frame

• Windows/Doors

  Wood Windows

• Floor

  Carpet, Tile, Wood

• Roof

  Metal Roof

• Land Size

  More than 1 Lot

• Fee Includes

  None

• Show

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

• Property Rights

  Multi-Use/Commercial, Transient License

• Financial Status

  No Bank Owned, No Potential Short Sale