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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

101600 Overseas Highway $20,000,000

101600 Overseas Highway KEY LARGO, Florida

3 Beds 3 Baths 3,717 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

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

517 Duval & 518 Bahama Street KEY WEST, Florida

4 Baths 7,854 SqFt

3428 Roosevelt Boulevard N 1,2,3,4,5,6 $5,995,000

3428 Roosevelt Boulevard N 1,2,3,4,5,6 KEY WEST, Florida

7 Baths 8,046 SqFt

$5,250,000

Key Largo, Florida

2 Baths 4,680 SqFt

96180 Overseas Highway $3,999,999

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

155 Atlantic Circle Drive $3,675,000

155 Atlantic Circle Drive KEY LARGO, Florida

3 Beds 2 Baths 2,694 SqFt

101350 Overseas Highway $3,250,000

101350 Overseas Highway KEY LARGO, Florida

2 Baths 6,674 SqFt

100150 Overseas Highway $2,400,000

100150 Overseas Highway KEY LARGO, Florida

2,436 SqFt

325 Calusa Street 231 $2,000,000

325 Calusa Street 231 KEY LARGO, Florida

3 Beds 3 Baths 1,571 SqFt 0.040 Acres

218 Bristol Court $1,999,000

218 Bristol Court Tavernier, Florida

3 Beds 2 Baths 1,628 SqFt 0.150 Acres

23 Tortuga Drive $1,950,000

23 Tortuga Drive KEY LARGO, Florida

10 Beds 6 Baths 4,091 SqFt 0.450 Acres

23 Tortuga Drive $1,950,000

23 Tortuga Drive KEY LARGO, Florida

10 Beds 5 Baths 4,091 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

If you missed it last time this property is back on the market. A rare opportunity on Lower Matecumbe. The potential is limited only by the imagination. This prime location on US 1 with open water ocean views is zoned NC (Neighborhood Commercial.) Also listed as a Multi-Family dwelling. Originally permitted by Monroe County as a 3 unit apartment building, today it has a 2 bedroom 1 bath unit upstairs with a good monthly rental history. A 7-day vacation license from Islamorada is possible. Downstairs has an office with an ocean view with a kitchen/dining room and a bedroom and half bath. The 6900 sq ft lot is fenced on both sides and the rear for privacy, an outdoor shower, washer and dryer and trailer storage while the front is open for parking and presently a rental business for kayaks and bicycles. The office with a view is occupied by a Mai D'cor a home design center. Zoning allows for a variety of other ventures in this perfectly located residential/commercial property $1,590,000 Active

74452 Overseas Highway ISLAMORADA, Florida

3 Beds 2 Baths 3,346 SqFt

Rare opportunity to own a versatile property in the heart of Key West's vibrant Truman Waterfront. This property has been home to several Grocery Stores making it the perfect investment for those who seek flexibility and multi-purpose functionality. Loaded with potential, this property sits on a large 94.6 X 43 foot lot approximately 4067 square feet. Located on the corner of Truman Avenue and Emma Street with a 1200sf building being sold ASIS. Many possibilities with the NEW Truman Waterfront Park, Amphitheater, Fort Zachary Taylor beach park all nearby. Future use based on city approval. $1,400,000 Active

200 Truman Avenue KEY WEST, Florida

1,200 SqFt

Hard to find small office space available in Old Town! Freshly updated professional offices 170sf for $1000+ per month. Join the friendly business environment at Key West Theater catering to local small business owners. Wifi, electric and water included, sales tax is in addition to the monthly rent quoted. $1,000 Active

524 Eaton Street 211 KEY WEST, Florida

2 Baths 16,470 SqFt

Hard to find small office space available in Old Town! Freshly updated professional offices 290sf for $1300+ per month. Join the friendly business environment at Key West Theater catering to local small business owners. Wifi, electric and water included, sales tax is in addition to the monthly rent quoted. $1,300 Active

524 Eaton Street 208 KEY WEST, Florida

2 Baths 16,470 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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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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Miami Office

RE/MAX Advance Realty
305-444-7111 Office

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

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AREAS WE COVER:

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

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