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224 - 226 Petronia Street - Caribbean House, Key West, FL

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224 - 226 Petronia Street - Caribbean House

Key West, FL 33040-7374

(1.9 MB)

Property Type:Hospitality Number of Rooms:11 Status:Existing Year Built:1989
Stories:2 Building Size:2,120 SF Land Area:.07 AC (2,849 SF)
For Sale Price:$2,800,000 Price/Room:$254,545 Cap Rate:-

Parking:1.88 Parking Spaces / 1,000 SF

Sale Notes:
Charming Guest House in Bahama Village, Old Town, Key West on Petronia Street. 10 guest rooms w/ 10 transient licenses plus an owner/manager apartment. Business has strong numbers. There is no deferred maintenance and many upgrades. All bathrooms updated with tile, new shower enclosures, pedestal sinks, beautiful linens. Each room has ductless A/C units, top of the line Palm Leaf style ceiling fans, refrigerator, tile floors, wooden slate-style blinds. Storm shutters throughout and qualifies for wind credit on insurance. Covered balconies on both floors that wrap around entire building. 4 off street parking spaces. Separate office, laundry room with storage and nice owner apartment on the 3rd floor. Located in the X zone and has no history of flooding. There are 5 restaurants within one block of the guest house, and art galleries, retail shops, Ft. Zachary Taylor direct acces and Duval Street within 2 blocks.
Three properties on this block of Petronia St are under renovation. Two blocks west of Duval St., just past Blue Heaven Restaurant, on the left.

BHHS Knight & Gardner Realty
Claude J Gardner
(305) 766-3133

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