5331 5th Ave - Apartments FOR SALE


Key West, FL 33040
$2,050,000 USD
5331 5th Ave, Key West, FL for Sale
$2,050,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

5331 5th Ave
Key West, FL 33040


HIGHLIGHTS

  • Prime Location
  • Minutes to Key West
  • 4 Parcels
  • 7 Electric Meters. 7 Water Meters.
  • MU- Mixed Use Zoning. ROGO exempt for 6 or 7 units may be possible.

OVERVIEW

Listed by Bascom Grooms IV (305) 304-7444 Attention Developers and Investors! This is a unique opportunity to acquire four parcels totaling 30,000 square feet of prime land just minutes from Key West. Ideally situated at Mile Marker 5, this property boasts a central location near some of the area's most sought-after resorts, dining establishments, and marinas. Whether you're looking to develop a new residential community, a commercial venture, or a combination of both, this land offers incredible potential. Its proximity to key attractions and amenities ensures a steady flow of visitors and residents, making it an ideal investment for future growth and profitability. 7 Electric Meters. 7 Water Meters. MU- Mixed Use Zoning. ROGO exempt for 6 or 7 units may be possible.

FOR SALE DETAILS

PRICE

$2,050,000 USD

PRICE/SF

$498 USD /SF

# OF UNITS

4

PRICE/UNIT

$512,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1938

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,585 SF

ZONING

MU

APN/PARCEL ID

00126840-000000

ASK ABOUT THIS PROPERTY

Bascom GroomsBascom Grooms Real EstateMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Bascom GroomsBascom Grooms Real EstateMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.