325 Duval StreetKEY WEST,
Florida FL33040
StatusClosed
Sold Date12/15/2023
Bedrooms14
Total Baths12
Full Baths12
SqFt
6,235
CountyMonroe
SubdivisionOld Town - Unlisted (1.0)
Year Built1933
Property TypeCommercial
Property Sub TypeCommercial
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 - 12/2024The over sized rooms and property amenities will support higher rates than what is being charged. (7) out of the 12 units have kitchens
Status
Closed
SqFt
6,235
Address
325 Duval Street
City
KEY WEST
State
Florida
Postal Code
33040
County
Monroe
Bedrooms
14
Subdivision
Old Town - Unlisted (1.0)
Zoning
HRCC - Historic Residential Commercial Core
Property Type
Commercial
Property Sub Type
Commercial
Year Built
1933
Total Baths
12
Full Baths
12
1st Right of Refusal
no
Business Name
casa325 suites
Control Depth
0
Deed Restrictions
No
Electric
Circuit Breakers
Electric Meters
13
FEMA List
no
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/
License Info
Other/See Remarks
IDX City Name
Key West
IDX County Name
Monroe
Latitude
24.557368
Longitude
-81.803789
Miscellaneous
Lobby, Utility Building, Pool, Patio
Number of City License
12
Number of County License
12
Number of Transient License
12
Property Info
License Included
Property Rights
Transient License
Shutters
Panel
Total Number of Buildings
2
Type 2
Hotel/Motel
Utilities
FKAA, Municipal Sewer
Water Meters
7
Windows/Doors
Double Hung Windows
Year Established
1989-12-31
Sold Date
2023-12-15T00:00:00+00:00
Sold Price
$10,000,000
Listing Price
$12,000,000
photo Count
51
Key/Island
Key West
KW Neighborhood
Old Town-N of Truman
Mile Marker
1
Parcel Number
00004320-000000
Street Name
Duval Street
Street Number
325
Appliances
Refrigerator, Washer
Cooling/Heating
Ceiling Fans(s), Wall/Window Unit(s), Heat Pump, Central Air
Floor
Wood
Interior Features
Cathedral Ceilings, Window Treatments, Split Bedroom, Smoke Alarms, Laundry Room, Furnished, Drapes/Blinds Incl
Number of Dryers
3
Number of Kitchens
7
Number of Refrigerators
12
Number of Stories
2
Number of Washers
3
SqFt Source
Property Data Card
Bank Owned
no
Fee Includes
None
Financial Status: Bank Owned
no
Financial Status: Potential Short Sale
no
For Sale/Lease
For Sale
HOA
no
Net Leasable Area
2640
Potential Short Sale
no
Tax Year
2020
Taxes
29998.8
Rent/Lease
neither
Rent/Lease Price
$12,000,000
Construction
Frame
Dockage
None
Flood Zone
0.2 PCT ANNUAL CHANC
Land Size
Less Than 1/4 Acre
Lot Size
55' x 241
Lot SqFt
12725
Number of Parking Spaces
6
Off Shore Island
no
Off Street Parking
yes
Roof
Shingle Roof, Tin Roof
Side
right
Style
Commercial
Vehicle Storage
Guest Parking, Off Street Parking
Waterfront
no
Waterfront Type
None
Waterview
No Waterview
©2024 Florida Keys MLS, Inc. The data relating to real estate for sale on this web site comes in part from the Florida Keys Multiple Listing Service. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Information is deemed reliable but not guaranteed. Data last updated: Friday, March 29th, 2024 at 09:26:48 AM.
#IDX-primaryPhoto,#idx-details-headerListed by: Berkshire Hathaway Knight & Gardner 305-294-5155