1202 Simonton St | Key West, FL 33040
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- LoopNet Team
1202 Simonton St
Key West, FL 33040
Rare Value-Add Restaurant · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Former restaurant with two full bars conveniently located just four blocks from the beach and in a walker's paradise (Walk Score of 94).
- Fully equipped restaurant providing a value-add opportunity for an owner/user, an investor, or possibly for redevelopment potential.
- In a "historic commercial pedestrian zone" with proposed multiple uses, including a density bonus if the owner plans to build affordable rate units.
- Nearby major retailers include IGA, Centennial Bank, Iberia Bank, Bank of America, Denny’s, Starbucks, Margaritaville, and more.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
4,366 SF
Building Class
C
Year Built
1953
Tenancy
Single
Building Height
1 Story
Building FAR
0.91
Lot Size
0.11 AC
Zoning
HNC-1 - Neighborhood commercial: Simonton, Truman, and S. White Street corridors
Frontage
AMENITIES
- Corner Lot
- Restaurant
- Signage
PROPERTY TAXES
| Parcel Number | 00028700-000000 | Improvements Assessment | $414,676 |
| Land Assessment | $1,297,256 | Total Assessment | $1,711,932 |
PROPERTY TAXES
Parcel Number
00028700-000000
Land Assessment
$1,297,256
Improvements Assessment
$414,676
Total Assessment
$1,711,932
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