5580 1st Ave - Office FOR SALE


Key West, FL 33040
$2,295,000 USD
305-394-9020
5580 1st Ave, Key West, FL for Sale
$2,295,000 USD
Office - FOR SALE
1/9
null | Request Cap Rate

5580 1st Ave
Key West, FL 33040


OVERVIEW

Significant Income Opportunity with income already on the books, with potential to push it more. Prime 25,000 SF mixed-use property on Stock Island featuring dual access from 1st and 2nd Avenue, a 2,040 SF concrete office/utility building, and expansive paved yard space. Zoned MU, the site supports a wide array of commercial, residential, and industrial uses. Fully fenced with ample parking, this versatile parcel offers exceptional redevelopment potential just minutes from Key West. An increasingly rare large MU tract in a high-demand growth corridor.

FOR SALE DETAILS

PRICE

$2,295,000 USD

PRICE/SF

$1,125 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

25,000 SF

ZONING

MU

APN/PARCEL ID

00125390-000000

ASK ABOUT THIS PROPERTY

Will LangleyBerkshire Hathaway Knight & Gardner RealtyMore Info
305-394-9020

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

Will LangleyBerkshire Hathaway Knight & Gardner RealtyMore Info
305-394-9020

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