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402 Appelrouth Lane
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PRICED AT ONLY: $2,490,000

Address: 402 Appelrouth Lane, KEY WEST, FL 33040

Description

**6%+ Cap Rate Opportunity ** Now offered at $2,490,000, this income producing Old Town property offers strong cash flow and immediate investor appeal.Located just steps from Duval Street, 402 Appelrouth Lane offers a rare investment opportunity in a premier X Flood Zone location. This mixed use property has income potential from residential and commercial units. With over 5000sqft of interior space this iconic structure showcases tall ceilings, historic architectural character and custom artistic details that give it Old Town Charm. Appelrouth Lane is known for strong foot traffic, established neighboring businesses and a desirable central location. just minutes from restaurants, galleries, shopping and Key West nightlife. Opportunities like this are exceptionally rare.

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More Like This
  • MLS#: 617030 ( Apartment 3 or more,Professional Service,Office Buildings )
  • Street Address: 402 Appelrouth Lane
  • Viewed: 1
  • Price: $2,490,000
  • Price sqft: $0
  • Waterfront: No
  • Waterfront Type: None
  • Year Built: 1943
  • Bldg sqft: 0
  • Bedrooms: 3
  • Total Baths: 8
  • Full Baths: 6
  • 1/2 Baths: 2

Description

**6%+ Cap Rate Opportunity ** Now offered at $2,490,000, this income producing Old Town property offers strong cash flow and immediate investor appeal.Located just steps from Duval Street, 402 Appelrouth Lane offers a rare investment opportunity in a premier X Flood Zone location. This mixed use property has income potential from residential and commercial units. With over 5000sqft of interior space this iconic structure showcases tall ceilings, historic architectural character and custom artistic details that give it Old Town Charm. Appelrouth Lane is known for strong foot traffic, established neighboring businesses and a desirable central location. just minutes from restaurants, galleries, shopping and Key West nightlife. Opportunities like this are exceptionally rare.
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Features
Building and Construction
  • Construction: Frame
  • Floor: Wood, Combo
  • Num Stories: 3.0
  • Roof: Metal Roof
Property Information
  • Property Group Id: 19990816212135227274000000
  • Property Rights: Multi-Use/Commercial
Eco-Communities
  • Water View: No Waterview
Utilities
  • Cooling: Central Air, Ceiling Fans(s), Wall/Window Unit(s)
  • Kw Neighborhood: Old Town-N of Truman
  • Utilities: FKAA, Municipal Sewer
Finance and Tax Information
  • Fee Includes: None
  • Tax Year: 2025
Other Features
  • Alternate Key Num: 8775628
  • Appliances: Refrigerator
  • Association Info 1st Right Of Refusal: No
  • Association Info Mandatory Home Owners Asc: No
  • Dockage: None
  • Flood Zone: X Flood Zone
  • Legal Description: Jackson Square Professional Center a Condominium KW PT Lot 4 SQR 50
  • Mile Marker: 1.00
  • Miscellaneous: High Traffc Location, High Visibility
  • Parcel Num: 00010000-000101
  • Side: Median
  • Style: Commercial
  • Year Established: 0000-00-00
  • Zoning: HRO - Historic Residential/Office
Nearby Subdivisions
Benj Alburys Subd (2.0)   Blvd Professional (3.0)   Coral Estates (2.0)   Duval Sq Ph 1 & 2 (1.0)   Flagler Center Ph 3 (3)   Gwynn Sub (1.0)   Jack Sq Prof Cent (1.0)   New Town - Unlisted (2.0)   New Town - Unrecord (3.0)   Offices At Northside (3.0)   Old Town - Unlisted (1.0)   Old Town - Unrecord (1.0)   Riviera Shores (3.0)   Seafoam (2.0)  
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Contact Info

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  2. The Real Estate Professional You Deserve
  3. Mobile: 904.248.9848
  4. phoenixwade@gmail.com
Wade M. Berlin

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