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1110 White St 3,656 SF 100% Leased Retail Building Key West, FL 33040 $2,295,000 ($627.74/SF) 9.41% Cap Rate
EXECUTIVE SUMMARY
Prime investment opportunity in Key West, FL. Multi use residential and commercial property located in Old Town Key West. Property is fully occupied. The 2nd floor has three apartments that are leased annually. The 1st unit has 3 bedrooms and 2 bathrooms, the 2nd unit has 2 bedrooms and 1 bathroom, and the 3rd unit is a large studio with a full kitchen. The 1st floor of the building is a restaurant that was remodeled and upgraded in 2024. The business has 4 yrs remaining on the lease with a 5-yr option to renew. Seller financing available for qualified buyers with a 50% down payment.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
3,656 SF
Building Class
C
Year Built
1928
Price
$2,295,000
Price Per SF
$627.74
Cap Rate
9.41%
NOI
$215,920
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.20
Lot Size
0.07 AC
Zoning
HNC-1 - Generally for mixed-use development, allowing for a mix of residential and commercial uses, with a focus on neighborhood-scale commercial
Frontage
Walk Score®
Very Walkable (87)
Bike Score®
Biker's Paradise (91)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 00032730-000000 | Improvements Assessment | $523,799 |
| Land Assessment | $719,697 | Total Assessment | $1,243,496 |
PROPERTY TAXES
Parcel Number
00032730-000000
Land Assessment
$719,697
Improvements Assessment
$523,799
Total Assessment
$1,243,496
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1110 White St
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