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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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Why Should Someone Buy Your Commercial Building?

When it comes down to it, that’s a question you have to ask yourself. Why did you buy it? (Or did you? Was it gifted to you, or did you inherit it, or did you actually buy it?) How successful have you been with the business you’ve done there? Whatever the answers are to these questions, it’s not likely you are going to be able to hide the truth – good or bad. Let’s take a look at some things you need to examine before you sell your commercial building.

Why Should Someone Buy Your Commercial Building?

  • How beneficial is the location to most business?
  • What are some awesome parts of your building?
  • What were some less than pleasant parts of your building?
  • Does the building fit well with the culture and design of most buildings?
  • How is it priced to comparative buildings?

Like homes, commercial business location is everything, except even more so! Is it right in the midst of everything and convention to places, or is it out of the way a bit? If it’s out of the way, it may not be a deal breaker, depending on what type of business is happening there. But you may have to adjust your price accordingly.

What sold you on your building? Be honest. Was it the magnificent view of the ocean? The natural light? These are the areas you need to play up and keep playing up.

What were some of the less than pleasant parts of your building? If they are odors, you need to get that taken care of before you have a chance of selling at optimal price. Millennial buyers in particular are health conscious and are wary of anything that could signal mold, animal inhabitation, rotting wood, etc. It will be worth the investment to get it taken care of. Water spots are also a problem because of mold, so those will need to be taken care of.

Does your building generally fit in with the design and ambiance of local buildings? If not, does it stand out in a good way, or a not so good way? Is it something that can be easily remedied? For instance, if the prior owner painted your building flamingo pink, that’s easily resolved. Some other issues may not be, and you may have to reflect that in your listing price.

When you look at comparative buildings, how is it priced? It’s never a good idea to go far above appraised value because you simply wont have many people come look at your property, especially if many other comparative buildings are for sale, unless you have a very unique or sought after property. These are all things to discuss with your real estate agent, but in general, if you want to get a lot of traffic and get people in the door to view your building, you’ll need to keep it reasonably priced – i.e., comparatively to other for-sale businesses that are close by.

Hot Key West Business Opportunities

1 Henry Morgan Road W 1 $38,000,000

1 Henry Morgan Road W 1 OTHER, Florida

99 Beds 119 Baths

1 Infinity Bay Road W 145 $28,000,000

1 Infinity Bay Road W 145 OTHER, Florida

99 Beds 170 Baths

1 Media Luna Resort Road W 126 $26,000,000

1 Media Luna Resort Road W 126 OTHER, Florida

99 Beds 109 Baths

1 SEA GRAPE PLANTATION RESORT Road W $7,999,999

1 SEA GRAPE PLANTATION RESORT Road W OTHER, Florida

30 Beds 33 Baths

27340 Overseas Highway $6,900,000

27340 Overseas Highway Ramrod, Florida

3,969 SqFt

1 Lands End  West End Roatan W $6,750,000

1 Lands End West End Roatan W OTHER, Florida

25 Beds 27 Baths

328 Whitehead Street $4,995,000

328 Whitehead Street KEY WEST, Florida

5 Beds 5 Baths 2,759 SqFt 0.330 Acres

7537 Overseas Highway $3,495,000

7537 Overseas Highway MARATHON, Florida

6,750 SqFt

91865 Overseas Highway $2,300,000

91865 Overseas Highway Tavernier, Florida

15 Beds 10 Baths 10,150 SqFt

100150 Overseas Highway $2,100,000

100150 Overseas Highway KEY LARGO, Florida

58835 Overseas Highway $1,499,000

58835 Overseas Highway MARATHON, Florida

3,414 SqFt

1000 Eaton Street $1,200,000

1000 Eaton Street KEY WEST, Florida

1 Baths 989 SqFt

Pirates Road $799,000

Pirates Road Cudjoe, Florida

Pirates Road $799,000

Pirates Road Cudjoe, Florida

96,547 SqFt

103275 Overseas Highway $675,000

103275 Overseas Highway KEY LARGO, Florida

3 Beds 2 Baths 1,845 SqFt 0.240 Acres

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

Listed $50,000 under appraised value. Rare opportunity to purchase the Historic 7 Mile Marina less than a mile from 7 Mile Bridge with over 360ft of US-1 frontage! Commercial property consists of protected marina, 3,600 sqft building. Marathon approved transferable building rights allowing 9,332 of commercial floor area, two tax keys totaling +/- 54,768 sqft or 1.25 acres. Property being sold ''AS IS'' no warranties or representations and no leases. Includes a deed restriction for neighboring property not to store straps within 75 ft of NE property line. Prior to 2014 fire, property had a 150 seat restaurant and office. $3,150,000 Active

1090 Overseas Highway MARATHON, Florida

2 Baths

Here is your chance to own a turnkey restaurant property in paradise! Recently updated and renovated, this restaurant property is a staple to the local community.PRIME US1 FRONTAGE, Average daily traffic is over 16,000! Total of 168 seats, qualifies for SRX license, and offers tons of parking on the 20,000sqft lot. This property is ready to go, don't miss this opportunity! $995,000 Active

31044 Avenue B Big Pine, Florida

3,252 SqFt

$15,000 startup grant available to an energetic formally trained chef with innovative ideas & ready for their big break to start their own restaurant.  Key West restaurant/bar location lease for only $5000 mo!  There's an amazing concentration of residential addresses nearby, with several larger ocean front condominium complexes & hotels just a few blocks away, for a lucrative takeout business or to fill your seats. You can't beat the price when comparing to other Key West properties that offer a restaurant/bar opportunity. With a 2600+ sq. ft. building, the location offers high visibility in the cross town area of Key West zoned for a 79 seat restaurant/bar with beer & wine sales. Huge kitchen & prep area, walk in cooler & freezer, large storage room/office/casual area & 3 restrooms. Property must operate as a restaurant with a beer and wine license. Triple net lease with F/L/S. Tenant to verify all information. 
 
To participate in the grant, proof formal culinary arts training and Key West residency (minimum of 2 years) absolutely required.  Grant is for rent payment for the first 3 months rent. 
 
A member of the LLC is a licensed Florida real estate agent. 
$5,000 Active

1500 Bertha Street KEY WEST, Florida

3 Baths 2,646 SqFt

Commercial building for lease, TRAFFIC LIGHT CORNER, location next to main intersection in Big Pine Key on the Overseas Highway in the Lower FL Keys outside of Marathon & Key West. Serving a radius of over 30 miles north & south, SC zoning. Ideal for office or retail with approx.~3251sf of space. Current office buildout has 8 private offices with barn doors, open and bright reception area, conference room, storage, plenty of off-street parking with easy to access and excellent visibility. $4,877 Active

30362 Overseas Highway Big Pine, Florida

1 Baths 3,251 SqFt


View ALL

Posted in: Business Solutions, Buyers, Environmental Concerns For Businesses, Sellers, State of Florida Tagged: pricing your commerical property, selling a business at the right time, selling a commercial property, selling a keywest business, why should someone buy your commercial property

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"RE/MAX

305-296-1400 Office
305-304-0084 Direct

cskomp@remax.net

Key West Office

410 Caroline St.
Key West, FL 33040

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98880 Overseas Hwy.
Key Largo, FL 33037

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