The subject property is located on the 100 block of Duval Street also known as “Old Town”. This section is within the Historic Preservation District is located in the highest pedestrian traffic and tourist area attractions within the Duval Street strip. Mallory Square boasts nightly rituals of sunset festivities usually attended by tourists, locals, jugglers, artists, fire-eaters and entertainers of all kinds. This area is utilized during the day as a cruise port and nightly as an open-air “carnival” with vendors and performers for the sunset celebration. The subject's neighborhood is bordered on the north and west by the Key West Harbor and the Gulf of Mexico, on the east by Eisenhower Drive and on the south by Truman Avenue, U. S. Highway No. 1. The principal land uses are commercial and commercial/residential mixed-use buildings. The general commercial uses surrounding the subject properties are: boutiques, galleries, commercial/residential mixed uses, restaurants, and guesthouse/transient use plus residential single family and multi-family uses. The Duval Street and downtown corridor has had a history of strong sales and rental activity. The subject property is favorable towards foot traffic because of its prime location in the heart of the tourist district and being walking distance from Mallory Square, the Cruise Port and the Key West Historic Seaport. Furthermore, there are private parking lots plus the City’s parking lots and Parking Garage all within eight blocks.