326 Duval St, Key West, FL, 33040 - Available for Sale

Hotel & Motel For Sale

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Southern Cross Hotel

326 Duval St, Key West, FL 33040

$12,000,000

40 Rooms | Hotel & Motel

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Hotel / Motel For Sale

Price:
$12,000,000
No. Rooms:
40
Building Size:
15,717 SF
Price/Room:
$300,000
Property Type:
Hotel & Motel
Property Sub-type:
Full Service
Property Use Type:
Investment
Construction Status:
Under Construction/
Proposed
Commission Split:
2.5%
Cap Rate:
10%
Average Daily Rate:
$225
Listing ID
17579468
Last Updated
39 days ago

Find Out More...

Description

40 room hotel in downtown Key West,Florida. On world famous Duval St. Walk everywhere Currently the owner is building 18 new suites and a restaurant and pool to add to 22 existing rooms. One of the best hotel markets in the country. Will be completed in 1 month. Includes new pool and restaurant. Built out of concrete. The 10 cap rate was a conservative performa.

326 Duval. downtown Key West Florida

Financial Summary

  • Actual
  • $960,000

Map of 326 Duval St, Key West, FL 33040 (Monroe County)

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tim thompson

Commercial and Hotel Specialist

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License #sl692566

Created 3/19/2012
Southern Cross Hotel
  • Hotel & Motel
  • $12,000,000
  • 40 Rooms
  • 15,717 SF