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718-720 Caroline St 3,424 SF 100% Leased Retail Building Key West, FL 33040 $2,095,000 ($611.86/SF) 6.62% Cap Rate
Executive Summary
Introducing a prime investment opportunity at 718-720 Caroline Street, Key West, FL. This historic property boasts a 3,424 SF building with three units, offering versatile retail or street retail spaces for savvy investors. Built in 1918 and zoned HNC(1-3) - Hist Nghborhd Comml 1-3 Coastal Med, this meticulously-maintained property captures the essence of Key West's rich architectural heritage. With a 100% occupancy rate, it presents a lucrative prospect for Retail / Street Retail investors seeking a flourishing market with a strong tenant base. Don't miss the chance to own a piece of Key West's history and secure a profitable venture in this sought-after commercial district.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,424 SF
Building Class
C
Year Built
1918
Price
$2,095,000
Price Per SF
$611.86
Cap Rate
6.62%
NOI
$138,670
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.66
Lot Size
0.12 AC
Zoning
HNC-2 - Historic Neighborhood Commercial-2
Frontage
63’ on Caroline St
Walk Score®
Walker's Paradise (94)
Bike Score®
Biker's Paradise (98)
Nearby Major Retailers
Property Taxes
| Parcel Number | 00003560-000102 | Improvements Assessment | $581,871 |
| Land Assessment | $0 | Total Assessment | $581,871 |
Property Taxes
Parcel Number
00003560-000102
Land Assessment
$0
Improvements Assessment
$581,871
Total Assessment
$581,871
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718-720 Caroline St
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