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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

6440 Maloney Avenue $12,000,000

6440 Maloney Avenue Stock Island, Florida

9,418 SqFt

1622 Overseas Highway $9,900,000

1622 Overseas Highway MARATHON, Florida

3,400 SqFt

59073 Overseas Highway $7,990,000

59073 Overseas Highway MARATHON, Florida

2 Beds 22,069 SqFt

919 - 921 Duval Street $3,995,000

919 - 921 Duval Street KEY WEST, Florida

9 Beds 6 Baths 4,173 SqFt

3574 Overseas Highway 1-7 $3,750,000

3574 Overseas Highway 1-7 MARATHON, Florida

5 Beds 5 Baths 8,413 SqFt

99304 Overseas Highway $3,700,000

99304 Overseas Highway KEY LARGO, Florida

7,651 SqFt

1100 Indies Drive S $3,400,000

1100 Indies Drive S Duck, Florida

4 Beds 4 Baths 3,402 SqFt 0.290 Acres

1124 Labat Lane $2,450,000

1124 Labat Lane Cudjoe, Florida

4 Beds 4 Baths 2,693 SqFt 0.160 Acres

217 La Paloma Road $2,445,000

217 La Paloma Road KEY LARGO, Florida

4 Beds 3 Baths 2,784 SqFt 0.210 Acres

100150 Overseas Highway $2,400,000

100150 Overseas Highway KEY LARGO, Florida

2,436 SqFt

909 Frances Street $2,150,000

909 Frances Street KEY WEST, Florida

3 Beds 3 Baths 1,728 SqFt 0.040 Acres

19269 Bad George Road $1,650,000

19269 Bad George Road Sugarloaf, Florida

6,205 SqFt

8349 Overseas Highway $1,499,000

8349 Overseas Highway MARATHON, Florida

2,179 SqFt

188 La Paloma Road $1,400,000

188 La Paloma Road KEY LARGO, Florida

3 Beds 2 Baths 1,392 SqFt 0.150 Acres

372 Mahogany Drive $1,350,000

372 Mahogany Drive KEY LARGO, Florida

4 Beds 3 Baths 1,661 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

Great opportunity to buy into a well established niche business in the Lower Keys with options for expansion as well as consistent income based on current business. Big Pine Bicycle Center has been in business for 29 years and has experienced exponential growth since 2019. A state of the art e-bike ordering system, large showroom, inventory on hand and even a delivery truck come with the sale of the business! Don't miss this opportunity!Business Opportunity Only - No real estate included- property is rentedPlease do not walk property or disturb business! $339,000 Active

31 County Road Big Pine, Florida

2 Baths 2,375 SqFt

Commerical space 1177 square feet under roof which includes an outdoor storage room in the gated storage yard. This additional paved gated outdoor space is 1104 square feet with enough off street parking for 3-4 cars or equipment storage  in the gated area. Perfect for contracting company or a company with delivery cars. Was a plumbing company for years. Rare find with indoor office and outdoor storage/parking. Loading zone in front business for your convenience. Other suggested businesses bicycle rental, moped rental, or electric cars. Monthly CAM $400 for taxes and insurance. includes water, electric and sewer. There is a $300 cap on electric. The tenant would be responsible for anything over $300. $4,708 Active

917 Frances Street A KEY WEST, Florida

2 Baths 1,177 SqFt

A very rare offering of a 9-unit, full market rate, multi-family building in Old Town Key West.  The nine units are spread over three buildings on a lot of just under 8,000 SF.  There are five 1bd/ 1ba units, two 2bd/ 2ba units, and two 2bd/ 1ba unit.  All units are significantly below market rent.  The property is perfect for employers looking for staff housing, a 1031 Exchange investment opportunity, potential condo conversion or single-family estate.  Advanced notice is required to show the units and not all units may be available at once to show.  This one won't last! Zoned HHDR $3,995,000 Active

818 Elizabeth Street KEY WEST, Florida

13 Beds 11 Baths 5,317 SqFt

Fantastic lease opportunity for your business in one of the best locations in Key West downtown next to Mallory Square & Sunset Celebration, Custom House Museum, Mel Fisher treasure Museum, Key West Aquarium, Tourist Information Centre, and nearby resorts like the Opal Hotel, Ocean Key and Pier House and other hotels. High traffic location with cruise ship passengers and tourists using the old town train & trolley stationed right across the street! Ground level storefront with large display windows and approximately ~1250 sf of retail space with an additional ~900 sf of space that could be combined next door for a total of ~2150sf . In addition to the monthly base rent quoted, tenant pays NNN fees plus sales tax. $8,300 Active

308 Front Street KEY WEST, Florida

1 Baths 9,411 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

About Curtis A. Skomp, CCIM

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

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

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RE/MAX Advance Realty
305-444-7111 Office

Business Address:
7220 Red Rd., South Miami, FL 33143

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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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