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Commercial Real Estate in Key West & the Florida Keys by RE/MAXCommercial Real Estate in Key West & the Florida Keys by RE/MAX

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Three Reasons You Need A Commercial Property Inspection

Whether you are thinking of buying or selling commercial real estate, you need to be armed with the right kinds of information – what you need to go forward, who can answer any questions you have, where you can get immediate answers. The very last thing you need, at any part in the process, is any unwelcome surprises. That’s why it is vitally important that you view an inspection as a discovery phase and a good aspect of buying or selling. Buying commercial property is a huge investment, and when you’re selling commercial property, it’s wise to know what your strong points are, and what your areas for improvement may be – so that you can get the most return on your own investment.

Three Reasons You Need A Commercial Property Inspection

  •  Review of the eclectrical systems of the commerical property
  •  Review of the Plumbing Systems of the commerical property
  •  Review of the Building Structure of the commercial property

When buying a home, a lot of time and effort regarding inspections may go into things like condition of the flooring or walls. Commercial inspections are less concerned with those things, because those aren’t the things that cost major amounts of money to repair or replace. Commercial inspections are looking at industry standards for commercial real estate, not home real estate. There really is a difference in focus.

For instance, a commercial inspection will be taking a hard look at the electrical systems of the property and comparing them to industry standards. Most commercial properties need their electrical systems replaced, or very seriously upgraded, every fifty years. During this discovery phase, you will discover where the property falls and how long it may be before you are looking at replacing that system.

Plumbing systems in commercial properties are also much different than those in homes, and that’s why a good commercial real estate inspector is needed to take a look at current system and compare them to current industry standards, which should last somewhere in the time frame of forty to sixty years. Photographs are usually taken so that both buyers and sellers can be made aware of the issues that exist and can document point progress at a later date if necessary.

When commercial inspectors look at a commercial building, they are looking at a building that should stand, with minimal work and excluding natural disasters, for a good 70 to 100 years before needing foundational work, for example. This becomes important and industry standards may change when you are in a hurricane prone area (regulations with glass, footers, etc.) The average buyer, seller or owner may have no idea of such things.

To protect your investment and make the most of your time, it’s always a good idea to work with a quality commercial real estate company. They are aware of all the industry standards and who the most experienced local inspectors are. This saves you time and potentially thousands of dollars.

 

Hot Key West Business Opportunities

101600 Overseas Highway $20,000,000

101600 Overseas Highway KEY LARGO, Florida

3 Beds 3 Baths 3,717 SqFt

6440 Maloney Avenue $10,995,000

6440 Maloney Avenue Stock Island, Florida

9,418 SqFt

139 Seaside Avenue $10,500,000

139 Seaside Avenue KEY LARGO, Florida

5 Beds 7 Baths 6,740 SqFt

1622 Overseas Highway $9,900,000

1622 Overseas Highway MARATHON, Florida

3,400 SqFt

12685 Overseas Highway $8,500,000

12685 Overseas Highway MARATHON, Florida

5,607 SqFt

517 Duval& 518 Bahama Street $7,500,000

517 Duval& 518 Bahama Street KEY WEST, Florida

3 Baths 8,687 SqFt

$5,250,000

Key Largo, Florida

2 Baths 4,680 SqFt

96180 Overseas Highway $4,900,000

96180 Overseas Highway KEY LARGO, Florida

3 Beds 3 Baths 1,445 SqFt 0.960 Acres

919 - 921 Duval Street $3,750,000

919 - 921 Duval Street KEY WEST, Florida

9 Beds 6 Baths 4,173 SqFt

99020 Overseas Highway $3,495,000

99020 Overseas Highway KEY LARGO, Florida

2 Baths 3,500 SqFt

99304 Overseas Highway $3,400,000

99304 Overseas Highway KEY LARGO, Florida

7,651 SqFt

101350 Overseas Highway $3,250,000

101350 Overseas Highway KEY LARGO, Florida

2 Baths 6,674 SqFt

1100 Indies Drive S $2,775,000

1100 Indies Drive S Duck, Florida

4 Beds 4 Baths 3,402 SqFt 0.290 Acres

100150 Overseas Highway $2,400,000

100150 Overseas Highway KEY LARGO, Florida

2,436 SqFt

29 Shoreland Drive $1,999,999

29 Shoreland Drive KEY LARGO, Florida

4 Beds 4 Baths 3,042 SqFt

Are You Looking for Commercial Property in the Florida Keys?

Use our site to search commercial real estate in Key West and all of the Florida Keys. Unlike the “big name” sites out there, our site is directly connected to our local MLS and is updated with new properties every HOUR. By creating a Property Manager account you can stay on top of the newest businesses that go up on the market and get Price Change alerts so you can stay ahead of other buyers and beat them to the best deals!

In the meantime, check out these 1-click searches:

  • All Businesses for Sale
  • Office Buildings
  • Hotels, Motels & Bed & Breakfasts
  • Bars & Restaurants
  • Marinas for Sale in Key West
  • Investment Properties
  • Business Opportunities

Newest Key West Commercial Properties on the Market

Now available is a majority interest in the Courthouse Business Center. Offered are 3 of the 37 individual units. These popular one-room offices were built new in 2001. Located in Old Town Key West at the entrance of Truman Annex at the corner of Thomas and Southard Streets. Offices are on both 1st floor and 2nd floors, building provides shared kitchenettes, restrooms, and a shared parking lot. Size of the units range from 123sq.ft. - 171sq.ft., total 445 sq.ft. All three units are on long term leases until 2027 with the state of Florida. $383,725 Active

302 Southard Street 3 Units for Sale KEY WEST, Florida

4 Baths

First time on the market in 38 years. This attractive multi-family apartment building is in a very desirable Old Town location on Grinnell Street between Olivia Street and Truman Avenue. The property has seven non-transient rental licenses and is currently configured as six units composed of two studio apartments, three one-bedroom units and a two-bedroom unit. All units have exterior entrances, share an on-site washer and dryer and separately metered for electricity. The building is located in the X zone and is in good condition with CBS construction and a metal roof. This property would make excellent employee or staff housing. Rental income and annual expenses are available. Advance notice is required for all showing. $1,995,000 Active

909 Grinnell Street KEY WEST, Florida

7 Beds 6 Baths 2,790 SqFt

Office suite for lease at 1010 Kennedy Drive #302. Enjoy a freshly painted personal office suite offering a professional work environment with elevator access to 3rd floor and shared bathroom. Each office suite is private and quiet. Rent includes internet, electric and water, association dues, building maintenance, insurance and access to board room for meetings or group zoom calls and training. Unit 302-2 is approximately 160sqf and offered furnished or unfurnished with receptionist to greet clients, receive mail and packages. Base rent is $1100 plus sales tax. $975 Active

1010 Kennedy Drive 302-2 KEY WEST, Florida

1 Baths

Office suite for lease at 1010 Kennedy Drive #302.  Enjoy a freshly painted personal office suite offering a professional work environment with elevator access to 3rd floor and shared bathroom. Each office suite is private and quiet. Rent includes internet, electric and water, association dues, building maintenance,  insurance and access to board room for meetings or group zoom calls and training. Unit 302-1 is approximately 215sqf and offered furnished or unfurnished with receptionist to greet clients, receive mail and packages.  Base rent is $1100 plus sales tax. $1,100 Active

1010 Kennedy Drive 302-1 KEY WEST, Florida

1 Baths


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Posted in: Bed & Breakfasts, Business Solutions, Buyers, Buying Commercial Real Estate, Sellers Tagged: byuying commercial real estate, commercial real estate inspection, selling commercial real estate, why you need a commercial real estate property inspection

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Key West Office

RE/MAX ALL KEYS REAL ESTATE
305-296-1400 Office

Business Address:
517 Duval St Suite 200, Key West, FL 33040

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Key Largo Office

RE/MAX ALL KEYS REAL ESTATE
305-451-0060 Office

Business Address:
98880 Overseas Hwy, Key Largo, FL 33037

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305-444-7111 Office

Business Address:
11010 SW 88th St. Ste. 200, Miami, FL 33176

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33040, 33043, 33042, 33050, 33036, 33037
Key West, Stock Island, Big Pine Keys, Marathon, Islamorada, Key Largo

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