517 Duval 518 Bahama Street

  • $$7,500,000
    • Active
    • Address:
      517 Duval & 518 Bahama Street
      KEY WEST, Florida 33040
    • Property Type:
    • Location:
    • Baths: 4
    • Sq Ft: 7,854

Prime Trophy Investment Property in the heart of Duval St. Once in a lifetime opportunity! Strong, long term NNN retail tenant & upstairs offices provide consistent income with minimal owner management. Property has been in the same family ownership since the 1940’s and the first time listed for sale. 2 story concrete Building is in excellent condition and well maintained. Valuable large parking lot in rear is 518 Bahama St. Room for 10 + cars plus dumpster and loading area. Both lots total 9,068 sf.Gorgeous Coach retail store occupies the entire ground floor with 51′ of Duval St. frontage. Occupies a total approx. 3,937 sf. Coach have been great tenants in the building since 1998 and have a long term, NNN lease. 2nd floor is 3,937 sf. with 4 individual office tenants on gross leases & each has own electric meter, plus storage & individual Men & Woman’s bathrooms. Extensive list of Building repairs and recent renovations available includ. new impact resistant doors and windows & awning replaced on entire first floor storefront, rebuild rear stairwell, recoat roof, and stormwater disposal well in lot plus many others. Property sits in the 500 Block of Duval St., an X flood zone. Thousands of tourists and locals walk by & drive by daily. Neighboring business include Margaritaville, Banana Republic, Kilwin’s Fudge, Jack Flats, Gap, CVS & Walgreens, San Carlos Institute and more. Perfect for a1031 Exchange and/ or long term investor.

Price:$$7,500,000
Address:517 Duval & 518 Bahama Street
City:KEY WEST
State:Florida
Zip Code:33040
Subdivision:Old Town - Unrecord (1.0)
MLS:603962
Year Built:1933
Square Feet:7,854
Bathrooms:4
Half Bathrooms:4
accountsMetersNumElectricMeters:7
accountsMetersNumSewerAccounts:1
accountsMetersNumWaterMeters:1
appliances:No Appliances
area:01 - Key West
asIsRghtToInspct:yes
associationInfo1stRightOfRefusal:no
associationInfoHOA:no
auctionInfoAuction:no
bankOwned:no
bldgNbr:517
compensationDisclaimer:The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
construction:Concrete
coolingHeating:Central Air, Wall/Window Unit(s)
daysOnMarket:50
deedRestrictions:No
dockage:None
electric:220 Volt
feeIncludes:Other
femaList:no
financialStatusBankOwned:no
financialStatusPotentialShortSale:no
floodZone:X
floor:Other
forSaleLease:For Sale
interiorFeatures:Entrance Foyer
keyIsland:Key West
kwNeighborhood:Old Town-S of Truman
landSize:More than 1 Lot
legal:KW PT LOTS 3&4 SQR 50 E2-452 H2-544 OR35-299 OR121-449/51 OR297-98/99 OR325-39/40 OR561-946 OR608-721/22 OR686-3 OR768-6
licenseInfo:Other/See Remarks
lotSize:9068
lotSqft:9068
mileMarker:1
miscellaneous:High Traffc Location, High Visibility, Manager on Premises, Storage
netLeasableArea:7854
numParkingSpaces:10
numStories:2
offShoreIsland:no
offStreetParking:yes
parcelNum:00009620-000000
potentialShortSale:no
roof:Other Roof
shutters:Accordion
side:N/A
sqftSource:Property Data Card
style:Commercial
taxYear:2022
taxes:32704
tenantPaid:Cable, Electric, Garbage, Insurance, Taxes
terms:No Seller Finance
totalNumBuildings:1
totalUnits:7
type2:Office Buildings,Professional Service,Retail
utilities:FKAA, Municipal Sewer
vehicleStorage:Assigned Parking, Off Street Parking
waterfront:no
waterfrontType:None
waterview:No Waterview
windowsDoors:Impact Rstnce Window, Other Windows/Doors
yearEstablished:1932-12-31
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