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1215 Duval St 2,935 SF Retail Building Key West, FL 33040 $3,675,000 ($1,252.13/SF) 7% Cap Rate
Executive Summary
Rare chance to own a piece of the most iconic street in the Florida Keys. This turn-key commercial building at 1215 Duval Street is offered at a 7.0% cap rate with a solid, established long-time successful restaurant as the tenant and a lease already in place. (Note: the business is not for sale; the real estate and the income-producing lease are.)
Positioned in the heart of Old Town's high-traffic corridor, the property benefits from year-round foot traffic, world-famous Duval Street exposure, and the enduring demand that makes Key West commercial real estate so limited and so coveted. With a dependable tenant and stabilized income from day one, this is a true passive, hands-off investment in one of the strongest small-market commercial locations in the country.
Opportunities to acquire well-located Duval Street commercial real estate with an in-place lease and a proven tenant are exceedingly rare. Whether you're a 1031 exchange buyer seeking reliable cash flow or an investor looking to plant roots in paradise, 1215 Duval Street delivers location, income, and long-term upside. Schedule your private showing today.
Positioned in the heart of Old Town's high-traffic corridor, the property benefits from year-round foot traffic, world-famous Duval Street exposure, and the enduring demand that makes Key West commercial real estate so limited and so coveted. With a dependable tenant and stabilized income from day one, this is a true passive, hands-off investment in one of the strongest small-market commercial locations in the country.
Opportunities to acquire well-located Duval Street commercial real estate with an in-place lease and a proven tenant are exceedingly rare. Whether you're a 1031 exchange buyer seeking reliable cash flow or an investor looking to plant roots in paradise, 1215 Duval Street delivers location, income, and long-term upside. Schedule your private showing today.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,935 SF
Building Class
C
Year Built
1953
Price
$3,675,000
Price Per SF
$1,252.13
Cap Rate
7%
NOI
$257,250
Tenancy
Single
Building Height
2 Stories
Building FAR
1.23
Lot Size
0.06 AC
Zoning
HRCC3
Frontage
48’ on Duval St
Exceptionally walkable
90/100
Exceptionally drivable
100/100
Limited public transit
30/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 00028460-000000 | Improvements Assessment | $325,463 |
| Land Assessment | $932,400 | Total Assessment | $1,257,863 |
Property Taxes
Parcel Number
00028460-000000
Land Assessment
$932,400
Improvements Assessment
$325,463
Total Assessment
$1,257,863
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