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611 - 615 Whitehead Street - Coco Plum Inn, Key West, FL

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611 - 615 Whitehead Street - Coco Plum Inn

Key West, FL 33040-6548

Property Type:Hospitality Number of Rooms:14 Status:Existing Year Built:1890
Stories:2 Building Size:4,604 SF Land Area:.17 AC (7,405 SF)
For Sale Price:$5,600,000 Price/Room:$400,000 Cap Rate:7.60 %


Sale Notes:
The Coco Plum Inn is a charming Old Town guest house comprised of two historic buildings in a prime location with 14 fully licensed rooms plus a non-transient license (28 day rental min.) that could be used as a vacation rental. The current configuration is 2 apts., one used by an employee and the other by the owner. Lushly landscaped grounds, large swimming pool, courtyard and parking. Includes a 12 seat restaurant license. An incredible business opportunity with enormous upside potential in occupancy rate to achieve the 85% STR average for Key West.

The best possible location in the heart of Old Town Key West's commercial district, one block west of world famous Duval Street. Equidistant from Mallory Square (Gulfside) and the Southernmost Point (Atlantic side). Next door to the Green Parrot - the oldest bar in FL and a Key West institution. The beach at Ft Zachary Taylor is in walking distance. Two blocks from the Ernest Hemingway Home and Museum.

Truman & Co.
Keith Bland
(305) 292-2244

Kent Ducote
(305) 292-2244 x115

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