1215 Duval St, Key West, FL 33040

$3,675,000
2
BA
2,244
SqFt

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List Price
$3,675,000
MLS#
620701
Days on Market
6
Year Built
1953
Bathrooms
2
Half-baths
2
Acres
0.06
Living Area
2,244
Region
Key West
Neighborhood
Old Town-S of Truman
Subdivision
Old Town - Unlisted (1.0)

Property Description

Rare chance to own a piece of the most iconic street in the Florida Keys. This turn-key commercial building at 1215 Duval Street is offered at a 7.0% cap rate with a solid, established long-time successful restaurant as the tenant and a lease already in place. (Note: the business is not for sale; the real estate and the income-producing lease are.) Positioned in the heart of Old Town's high-traffic corridor, the property benefits from year-round foot traffic, world-famous Duval Street exposure, and the enduring demand that makes Key West commercial real estate so limited and so coveted. With a dependable tenant and stabilized income from day one, this is a true passive, hands-off investment in one of the strongest small-market commercial locations in the country. Opportunities to acquire well-located Duval Street commercial real estate with an in-place lease and a proven tenant are exceedingly rare. Whether you're a 1031 exchange buyer seeking reliable cash flow or an investor looking to plant roots in paradise, 1215 Duval Street delivers location, income, and long-term upside. Schedule your private showing today.

Additional Information

Lot Size
2,400
Roof
Metal
Appliances
None
Cooling
Ceiling Fan(s)

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Calculator source: Real Geeks

Listing courtesy of Berkshire Hathaway HomeServices Knight & Gardner Realty.