325 Duval Street, KEY WEST, FL

$13,600,000

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14

Beds

12

Baths

6,235

Square feet

About 325 Duval Street

Possible Short term Owner Financing Considered - Lower Duval Street, 12 unit guesthouse complex offering over sized single rooms, suites & 2 bedroom units with kitchens with large heated pool. //// Perfect location within the 2-4 block Entertainment District of Old Town inclusive of bars, restaurants, theaters, Mallory Square attractions and the cruise ship port. >>>> Huge 13,000 sq ft parcel buffered from traffic & street noise, with rooms being setback 40' from Duval. The 200' deep parcel provides a unique 100 foot separation between the front & rear, 3 & 2 story structures - offering guests considerably more privacy. *** Valuable 6 space, compact car guest parking situated between the two collective 7,000 sq.ft buildings. Casa 325 Suites offers a melding of a (7) unit, 100 year old 3 story, ship builders' construction - along with a more recently developed, 5 unit, 2 story structure offering larger rooms & vaulted ceilings. +++ All units have custom furniture built from reclaimed Dade County Pine. Large 2 bdrm ADA unit with kitchen. Prime Duval Street attractions booth included, situated at driveway entrance, currently leased out but should be operated by the Guesthouse operation itself.||||| Go to Casa325.com for full array of pictures, layout of units & rates. Excellent Trip Advisor Rating. There are also (13) electric meters & ( 7 ) water meters on site.** See 'Documents for Survey, Licenses & aerial with lot lines ** CASH FLOW - 2021 - $1.3 mil gross with a $725,000 NOI. 89% Average Occupancy Rate [ 95% thru July '22 ] $745,000 Advance Bookings as of 8/06/2022 thru Nov 2023.The over sized rooms and property amenities will support higher rates than what is being charged. (7) out of the 12 units have kitchens

Features of 325 Duval Street

MLS® # 598172
Price $13,600,000
Bedrooms 14
Bathrooms 12.00
Full Baths 12
Square Footage 6,235
Year Built 1933
Type Commercial
Sub-Type Commercial
Status Active

Community Information

Address 325 Duval Street
Area 02 - Key West
Subdivision Old Town - Unlisted (1.0)
City KEY WEST
County Monroe
State FL
Zip Code 33040

Amenities

Utilities FKAA, Municipal Sewer
Parking Guest Parking, Off Street Parking
View No Waterview
Is Waterfront No
Waterfront None

Interior

Interior Features Cathedral Ceilings, Smoke Alarms, Drapes/Blinds Incl, Split Bedroom, Laundry Room, Furnished, Window Treatments
Appliances Refrigerator, Washer
Heating Ceiling Fans, Central A/C, Window/Wall Unit, Combination A/C
# of Stories 2

Exterior

Lot Description Less Than 1/4 Acre
Windows Double Hung Windows
Roof Shingle Roof, Tin Roof
Construction Frame

Additional Information

Date Listed October 20th, 2021
Days on Market 348
Zoning HRCC - Historic Residential Commercial Core
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentRaymond Capas
OfficeBerkshire Hathaway Knight & Gardner Realty

Listing Map

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