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Listed by Team Gardner/Langley Berkshire Hathaway HomeServices Knight & Gardner Realty
$ 2,095,000
Est. payment | /mo
3 Baths
3,424 SqFt
$ 2,095,000
Est. payment | /mo
3 Baths
3,424 SqFt
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,424 sqft
Price per Sqft $611
Subdivision Old Town - Unrecord (1.0)
MLS Listing ID 616452
Half Baths 3
HOA Y/N Yes
Year Built 1918
Annual Tax Amount $2,780
Tax Year 2024
Lot Dimensions 61.9 X 74
Property Sub-Type Commercial
Land Area 3424
Property Description
Introducing a prime investment opportunity at 718-720 Caroline Street, Key West, FL now offered at a 6.5% cap rate. This historic property boasts a 3,424 SF building with three commercial units, offering versatile retail or street retail spaces for savvy investors. Built in 1918 this meticulously-maintained property captures the essence of Key West's rich architectural heritage. With a current 100% occupancy rate, it presents a lucrative prospect for investors seeking a flourishing market with a strong tenant base. Don't miss the chance to own a piece of Key West's history and secure a profitable venture in this sought-after commercial district. Businesses not for sale, please do no disturb the businesses.
Location
State FL
County Monroe
Area 01 - Key West
Zoning HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med
Interior
Appliance No Appliances
Exterior
Utilities Available FKAA, Municipal Sewer, Separate Meters
Waterfront Description None
Garage No
Others
HOA Fee Include Building Insurance,Common Area Mnt,Exterminating
Tax ID 00003560-000101