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419 - 421 Caroline Street - Old Town Commercial Building, Key West, FL

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419 - 421 Caroline Street - Old Town Commercial Building

Key West, FL 33040

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:1938
Building Size:7,215 SF Land Area:.18 AC (7,623 SF)
For Sale Price:$3,950,000 Price/SF:$547.47
Cap Rate:-

Sale Notes:
Totally renovated building, previously an upscale Restaurant/Bar, but other commercial uses possible. Corner property with 69' of frontage on Caroline St. by 111' deep on Telegraph Lane. Property is steps off the 200 block of Duval St. Nearby neighbors include Sloppy Joe's, Rick's & Durty Harry's, Irish Kevin's, Fogarty's and newly opened Senor Frog's and Gas Monkey Bar N' Grill. Building has 7,215 SF on the ground floor and is licensed for 220 seats. Men's/Women's bathrooms. Full ADA Compliant. Building had a complete change of use to a restaurant in 2010 & received all new plumbing, grease trap, electric, new roof, HVAC system, interior build-out, kitchen, and bar. The historic building is the former home to the first Chevrolet dealership in Key West. Zoning is HRCC-1, the most favorable in Old Town & the same as all of Lower Duval St.

The island of Key West is home to about 25,000 residents and is the southernmost part of the United States. It is located 90 miles north of Cuba, and about 150 miles south of Miami. There were a total of 2,662,500 visitors to Key West in 2015. There is an international airport (with 3 weekly direct flights to newly opened Cuba), 3 major cruise ship docks, and a ferry terminal linking passengers to Key West from the Gulf Coast of Florida. Several marinas allow for commercial and recreational boat travel, and the Overseas Hwy links Key West to the mainland of Florida, providing automobile access.

ReMax Keys Connection
Curtis A Skomp
(305) 296-1400

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