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.
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.
Features
Building and Construction
Construction: Frame
Net Leasable Area: 3424.00
Sqft Source: Seller
Total Number Of Units: 3.00
Property Information
Property Group Id: 19990816212135227274000000
Eco-Communities
Off Shore Island: No
Water View: No Waterview
Utilities
Kw Neighborhood: Old Town-N of Truman
Utilities: FKAA, Separate Meters, Municipal Sewer
Finance and Tax Information
Fee Includes: Exterminating, Common Area Mnt, Building Insurance
Tax Year: 2024
Other Features
Alternate Key Num: 8980907
Appliances: No Appliances
As Is Rght To Inspct: Yes
Association Info 1st Right Of Refusal: No
Association Info Mandatory Home Owners Asc: Yes
Dockage: None
Flood Zone: AE
Legal Description: UNIT 718-A CAROLINE STREET CONDOMINIUM OR2157-2357/58 OR2375-2417/19 OR2643-2188/89 OR2841-356/58
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