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718 - 720 Caroline Street

Key West, FL 33040
  • $2,095,000
  • STATUS: Active
  • ON SITE: 250 Days
  • MLS #: 616452
UPDATED: 49 min ago
$2,095,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 3
    1/2 BATHS
  • 3,424
    SQFT
  • $612
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1918
County:

School Ratings & Info

Description

Introducing a prime investment opportunity at 718-720 Caroline Street, Key West, FL now offered at a 6.5% cap rate. This historic property boasts a 3,424 SF building with three commercial units, offering versatile retail or street retail spaces for savvy investors. Built in 1918 this meticulously-maintained property captures the essence of Key West's rich architectural heritage. With a current 100% occupancy rate, it presents a lucrative prospect for investors seeking a flourishing market with a strong tenant base. Don't miss the chance to own a piece of Key West's history and secure a profitable venture in this sought-after commercial district. Businesses not for sale, please do no disturb the businesses.

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Bascom Grooms Real Estate are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.realtorkeywestfl.com/homes/167817950
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718 - 720 Caroline Street Key West, FL 33040

  • Price: $2,095,000
  • Status: Active
  • On Site: 250 Days
  • Updated: 49 min ago
  • MLS #: 616452
0
Beds
0
Baths
3
½ Baths
N/A
Acres
3,424
SQFT
$612
$/SQFT
1918
Built
Neighborhood:
Old Town-N Of Truman
County:
Monroe
Area:
01 - Key West
Property Description
Introducing a prime investment opportunity at 718-720 Caroline Street, Key West, FL now offered at a 6.5% cap rate. This historic property boasts a 3,424 SF building with three commercial units, offering versatile retail or street retail spaces for savvy investors. Built in 1918 this meticulously-maintained property captures the essence of Key West's rich architectural heritage. With a current 100% occupancy rate, it presents a lucrative prospect for investors seeking a flourishing market with a strong tenant base. Don't miss the chance to own a piece of Key West's history and secure a profitable venture in this sought-after commercial district. Businesses not for sale, please do no disturb the businesses.
Exterior Features

Construction Materials Frame Dockage None Exterior Features [] Parking Features [] View [] Waterview No Waterview Window Features []

Interior Features

Appliances No Appliances Cooling [] Flooring [] Interior Features []

Property Features

Association Fee Includes ExterminatingBuilding InsuranceCommon Area Mnt Association YN Yes Association1st Right Of Refusal No Bank Owned No Business Type Office BuildingsRetailOther Services Control Depth 0 Electric [] Flood Zone AE Frontage Type [] KWNeighborhood Old Town-N of Truman Land Size Less Than 1/4 Acre Listing Terms [] Marathon Nbhd N/A Mile Marker 1 Off Shore Island YN No Potential Short Sale No Property Sub Type Commercial Special Licenses [] Tax Annual Amount 2780.73 Tax Legal Description UNIT 718-A CAROLINE STREET CONDOMINIUM OR2157-2357/58 OR2375-2417/19 OR2643-2188/89 OR2841-356/58 Tax Year 2024 Tenant Pays [] Utilities [] Utilities Info FKAAMunicipal SewerSeparate Meters Waterfrnt No Waterfront None Waterfront Features [] Waterfront YN No Zoning HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med

Listing courtesy of Team Gardner/Langley of Berkshire Hathaway HomeServices Knight & Gardner Realty: .


The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Bascom Grooms Real Estate are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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Bascom Grooms Real Estate
1110 Truman Ave
Key West FL, 33040