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

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:

Newest Key West Commercial Properties on the Market

Prime commercial property in the heart of downtown Key Largo. 5,457 sqft commercial space available immediately for lease! Access inside via private Elevator or Staircase. Large windows for natural lighting. Current floor plan includes many individual offices but could be reconfigured. Ample parking in front and side. $12 sqft gross lease. The unit has it's own bathrooms and kitchenette area. Great visibility on US 1! Zoned Urban Commercial with many possibilities. $5,457 Active

99451 Overseas Highway 2nd Floor KEY LARGO, Florida

4 Baths 13,260 SqFt

This is the price for one lot. Total of three contiguous, commercial dry lots at the end of 20th St. Oceanside. Big bonus, each lot includes a deeded and assigned deep water wet slip! Each lot may be purchased individually or together. Each lot is 94.5' wide by 110' deep and has its own water & electric meters. Three addresses are 351 20th St. Ocean, 361 20th St. Ocean and 371 20th St. Ocean as the end lot. Each lot is part of a Fisherman's Pointe HOA with fees of $1,200 per year per lot. Lots are currently being used by Fisherman for trap repair and storage. Favorable Mixed Use- Maritime Zoning allows for many commercial uses.The MU-M zoning district is intended to establish areas suitable for uses which are essential to the commercial maritime industry, including sales and service of fishing equipment and supplies, seafood processing, fishing equipment manufacture and treatment, boat storage, restaurants, retail and affordable housing residential uses.The MU district is designated within the Mixed-use Commercial (MUC) future land use category on the Future Land Use Map (FLUM). $749,900 Active

351 20th St, Marathon MARATHON, Florida

This is the price for one lot. Total of three contiguous, commercial dry lots at the end of 20th St. Oceanside. Big bonus, each lot includes a deeded and assigned deep water wet slip! Each lot may be purchased individually or together. Each lot is 94.5' wide by 110' deep and has its own water & electric meters. Three addresses are 351 20th St. Ocean, 361 20th St. Ocean and 371 20th St. Ocean as the end lot. Each lot is part of a Fisherman's Pointe HOA with fees of $1,200 per year per lot. Lots are currently being used by Fisherman for trap repair and storage. Favorable Mixed Use- Maritime Zoning allows for many commercial uses.The MU-M zoning district is intended to establish areas suitable for uses which are essential to the commercial maritime industry, including sales and service of fishing equipment and supplies, seafood processing, fishing equipment manufacture and treatment, boat storage, restaurants, retail and affordable housing residential uses.The MU district is designated within the Mixed-use Commercial (MUC) future land use category on the Future Land Use Map (FLUM). $799,900 Active

371 20Th Street MARATHON, Florida

This is the price for one lot. Total of three contiguous, commercial dry lots at the end of 20th St. Oceanside. Big bonus, each lot includes a deeded and assigned deep water wet slip! Each lot may be purchased individually or together. Each lot is 94.5' wide by 110' deep and has its own water & electric meters. Three addresses are 351 20th St. Ocean, 361 20th St. Ocean and 371 20th St. Ocean as the end lot. Each lot is part of a Fisherman's Pointe HOA with fees of $1,200 per year per lot. Lots are currently being used by Fisherman for trap repair and storage. Favorable Mixed Use- Maritime Zoning allows for many commercial uses.The MU-M zoning district is intended to establish areas suitable for uses which are essential to the commercial maritime industry, including sales and service of fishing equipment and supplies, seafood processing, fishing equipment manufacture and treatment, boat storage, restaurants, retail and affordable housing residential uses.The MU district is designated within the Mixed-use Commercial (MUC) future land use category on the Future Land Use Map (FLUM). $749,900 Active

361 20th Street MARATHON, Florida


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