1075 Duval Street Unit #C12 & C13, Key West, FL 33040

$1,550,000
2
BA
2,651
SqFt
Sold Price
$1,550,000
List Price
$1,649,000
Status
CLOSED
Days on Market
247
Closing Date
Feb 08, 2024
MLS#
605563
Style
Commercial
Year Built
1987
Bathrooms
2
Half Baths
2
Living Area
2,651
Subdivision
Duval Sq PH 1 & 2 (1.0)
Neighborhood
Old Town-S of Truman
MLS Area Major
02 - Key West

Property Description

An exceptional investment opportunity in the heart of Key West's commercial corridor. Two commercial condos have been joined to create a popular and successful 150-seat restaurant in Duval Square. The successful tenant just renewed their lease for a five-year term and has another five-year term remaining. After signing a confidentiality agreement, a buyer may review the NNN Lease in place. Investment opportunity is priced just under a 7 Cap rate.

Additional Information

Taxes
$3,194
Property Description
Commercial
Zoning
HRCC - Historic Residential Commercial Core
Exterior Construction
CBS
View
No Waterview

Mortgage Calculator

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Calculator source: Real Geeks

Listing Courtesy Of Berkshire Hathaway Knight & Gardner, Contact: (305) 294-5155

Selling Office: .