300 Southard Street, #207

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

MLS ID# 605868 Closed
Commercial

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Closed $148,000

0 acres

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

Description

Immaculate one of a kind office space in the very desirable Courthouse Business Center. Located in Old Town Key West directly across from the entrance to Truman Annex at the corner of Thomas and Southard Streets. This is the only second story office in the Business Center with frontage on both Southard and Thomas Street. Building provides shared kitchenettes, restrooms, conference room, and parking lot. $ 270 per month fee covers, electricity, water, and maintenance. Seller is willing to lease back at $ 1,500 per month ! A most unique office in the Business Center, and an investment opportunity with a 8.84% Cap Rate !! GROSS INCOME = $ 18,000 - 3,240 (ANNUAL OPERATING EXPENCE) - 698 (TAX) = $ 14,062 NET OPERATING INCOME (NOI) . ESTIMATED CAP RATE =8.84 % @ $ 159,000 PURSHASE PRICE Immaculate one of a kind office space in the very desirable Courthouse Business Center. Located in Old Town Key West directly across from the entrance to Truman Annex at the corner of Thomas and Southard Streets. This is the only second story offi... show more

Location, Tax & Legal

• Street # 300
• Street Name Southard
• Street Suffix Street
• Unit # 207
• 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,0.2 PCT ANNUAL CHA
• Alternate Key # 9085248
• Parcel # 00013001-001400
• Zoning HRO - Historic Residential/Office
• Legal UNIT 207 (BLDG A - 300 SOUTHARD ST) COURTHOUSE BUSINESS CENTER A CONDO OR2195-99/197DEC OR2271-1317 OR2783-2395 OR3207-
• Taxes 698.1
• Tax Year 2022

General Property Description

• Realtor.COM Type Commercial
• Style Commercial
• Lot Size 0
• Lot SqFt 0
• Waterfront No
• Control Depth 0
• Building SqFt 135
• Net Leasable Area 135
• Total Units 0
• Year Built 2001
• Total Bedrooms 0
• Full Baths 0
• Half Baths 5
• Total Baths 5

Details

• Association Info

  Mandatory Home Owners Asc, No 1st Right of Refusal, Assoc/Mnt Fee Per:Monthly

• Type

  Office Buildings

• Waterfront

  None

• Waterview

  No Waterview

• Dockage

  None

• Vehicle Storage

  Off Street Parking

• Utilities

  FKAA, Municipal Sewer

• Appliances

  No Appliances

• Construction

  Frame

• Land Size

  None

• Fee Includes

  Other

• Show

  24 Hour Notice, LA Must Accompany

• Financial Status

  No Bank Owned, No Potential Short Sale