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719 South Street

Key West, FL 33040
  • $3,200,000
  • STATUS: Active
  • ON SITE: 180 Days
  • MLS #: 604696
UPDATED: 40 min ago
$3,200,000
  • 6
    BEDS
  • 0.14
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 2,430
    SQFT
  • $1,317
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1958
County:

School Ratings & Info

Description

Tap into the lucrative Key West tourism market and capitalize on the potential for increased revenue. Embrace the timeless charm of the 50's through 70's motel era by owning your unique vintage motel, complete with four Transient Licenses. Situated conveniently in the heart of old town, your patrons can relish in the nostalgia of simpler times while having easy access to all the attractions. The property, currently utilized for long-term rentals, requires some work to transform it into a successful business venture. However, all the essential elements are in place, ensuring a prompt startup. Buyers are advised to conduct due diligence to verify property rights. As the property is currently occupied by tenants, please refrain from disturbing them and arrange viewings accompanied by the listing agent.

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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 Jimmy Lane Home Team | Century 21 Island Life are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.jimmylane.com/homes/138003481
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719 South Street Key West, FL 33040

  • Price: $3,200,000
  • Status: Active
  • On Site: 180 Days
  • Updated: 40 min ago
  • MLS #: 604696
6
Beds
5
Baths
0
½ Baths
0.14
Acres
2,430
SQFT
$1,317
$/SQFT
1958
Built
Neighborhood:
Casa Marina
County:
Monroe
Area:
02 - Key West
Property Description
Tap into the lucrative Key West tourism market and capitalize on the potential for increased revenue. Embrace the timeless charm of the 50's through 70's motel era by owning your unique vintage motel, complete with four Transient Licenses. Situated conveniently in the heart of old town, your patrons can relish in the nostalgia of simpler times while having easy access to all the attractions. The property, currently utilized for long-term rentals, requires some work to transform it into a successful business venture. However, all the essential elements are in place, ensuring a prompt startup. Buyers are advised to conduct due diligence to verify property rights. As the property is currently occupied by tenants, please refrain from disturbing them and arrange viewings accompanied by the listing agent.
Exterior Features

Construction Cbs Dockage None Land Size Less Than 1/4 Acre Lot Size 50 X 120 Side N/A Style Misc Prop Rights Vehicle Storage Off Street Parking Waterfront None Waterfront YN No Waterview No Waterview

Interior Features

Appliances RangeRefrigerator Cooling Heating Ceiling Fans(S)Wall/Window Unit(S) Interior Features Laundry Room Net Leasable Area 2430.00

Property Features

Assoc Hoa YN No Assoc Right Of Refusal No Bank Owned No Bank Owned Financial Status No City Key West Commercial Type Apartment 3 Or More Control Depth 0 Electric Meters 6 Fee Includes None Flood Zone Ae0.2 Pct Annual Ch Key West Neighborhood Casa Marina Legal Kw Kw Investment Co Sub Pb1-88 Lot 11 Sqr 18 Tr 17 Or261-72/73 Or506-133 Or511-986 Or582-64 Or687-458 Listing Board Key West Association Mile Marker 1.00 Potential Short Sale No Potential Short Sale Financial Status No Property Rights Transient License Property Type Multi-Family Tax Year 2022 Taxes 10634.81 Tenant Paid CableElectricTnt Pays Other Utils Total Units 0.00 Utilities Buyer To VerifyFkaaMunicipal SewerSeparate Meters Water Meters 1 Zoning Hro - Historic Residential/Office

Listing courtesy of Andrew Birrell of Berkshire Hathaway Knight & Gardner: .


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 Jimmy Lane Home Team | Century 21 Island Life are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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Jimmy Lane Home Team | Century 21 Island Life
211 Simonton Street
Key West FL, 33040