1128 Simonton Street

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

MLS ID# 598514 Closed
Commercial

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Closed $3,850,000

0.12 acres

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• Description
• Location, Tax & Legal
• General Property Description
• Details
• Video 1

Description

Incredible investment opportunity in the Heart of downtown Key West to own an entire building home to a well-established bar that includes a highly sought after FULL 5 COP LIQUOR LICENSE which includes package liquor sales! 2 Commercial Units are downstairs, the BottleCap Lounge & a small commercial kitchen home to Frank's Kitchen, a TO-GO kitchen with no seating or hood fan. Frank's runs food over to BottleCap patrons which is a bonus. The concrete building is 7468 sft of internal area & 1298 sft of patio & walkways. Upstairs are 4 residential apartments --- 2 two bedrooms / one bath & 2 one bedroom / one bath. The BottleCap has tremendous history dating back to 1934 when it was first established. It consists of a separate cozy bar with a pool table & leads through to an enormous airconditioned lounge and games room that boasts a gorgeous long bar with a cool vibe, pool tables, games, a DJ Booth, a dance floor, state of the art light system with lasers, excellent surround sound system & updated bathrooms. Both lead out to an outdoor patio with lots of seating & a counter-top bar to watch the passersby. The BottleCap is frequented by locals, famous artists & tourists wanting to escape the craziness of Duval St & meet locals. The location is ideal being on the corner of Simonton St & Catherine St & only one block from Duval. It sits in the corridor between the larger hotels on the south side of the island & famous Duval St. This is a fantastic opportunity to purchase an entire building in an ideal location, X Flood Zone with apartments above and a well-established bar below. There is significant untapped potential for enormous growth for the savvy investor or owner-operator. Incredible investment opportunity in the Heart of downtown Key West to own an entire building home to a well-established bar that includes a highly sought after FULL 5 COP LIQUOR LICENSE which includes package liquor sales! 2 Commercial Units are do... show more

Location, Tax & Legal

• Street # 1128
• Street Name Simonton
• 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-S of Truman
• Marathon Neighborhood N/A
• Side N/A
• Flood Zone 0.2 PCT ANNUAL CHANC
• Alternate Key # 1028380
• Parcel # 00027600-000000
• Zoning HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med
• Legal KW PT LOT 1 SQR 5 TR 11 G48-60/61
• Taxes 15496.55
• Tax Year 2020

General Property Description

• Realtor.COM Type Commercial
• Style Commercial
• Lot Size 51.33 x 100
• Lot SqFt 5133
• Waterfront No
• Control Depth 0
• Business Name Bottlecap
• Year Established 1934-01-01
• # Parking Spaces 3
• # Stories 2
• Total # Buildings 1
• Building SqFt 7468
• SqFt Source Property Data Card
• Net Leasable Area 7468
• Year Built 1983
• Total Bedrooms 6
• Full Baths 4
• Half Baths 0
• Total Baths 4

Details

• License Info

  5-Cop (Transferable)

• Association Info

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

• Property Info

  1 Bed/Bath:2, 2 Bed/Bath:2

• Type

  Apartment 3 or more, Bar, Restaurant

• Waterfront

  None

• Waterview

  No Waterview

• Dockage

  None

• Cooling

  Central Air

• Utilities

  FKAA, Municipal Sewer

• Appliances

  Dishwasher, Dryer, Range, Refrigerator, Washer

• Construction

  CBS

• Windows/Doors

  Impact Rstnce Window

• Floor

  Tile, Wood

• Roof

  Tile Roof

• Land Size

  Less Than 1/4 Acre

• Fee Includes

  None

• Terms

  No Seller Finance

• Show

  Call List Agent, LA Must Accompany

• Financial Status

  No Bank Owned, No Potential Short Sale