323 Petronia Street

    Key West, FL 33040
    • $1,795,000
    • STATUS: Active Under Contract
    • ON SITE: 36 days
    • MLS #: 578214
    Under Contract
    UPDATED: 75 min ago
    $1,795,000
    • 5
      BEDS
    • 0.22
      ACRES
    • 6
      BATHS
    • 0
      1/2 BATHS
    • 2,889
      SQFT
    • $621
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1978
    County:

    School Ratings & Info

    Description

    A rare opportunity in Old Town in the vibrant Petronia St corridor in the Bahama Village neighborhood. Two parcels & Three buildings: (325) Bldg #1 recently upgraded building with retail fronting on Petronia St along with 7 parking spaces, a 1-bedroom vacation rental upstairs (323) Bldgs #2&3 Identical single story buildings in the rear each containing 2 1-bedroom long-term rentals.Given the location and the 9476 sf lot with parking, these parcels are ripe for redevelopment (with City Planning Board approval) or conversion to vacation rentals. There is space for more commercial on Petronia St and the razing of bldgs #2&3 for 4 units, total of 5 vacation rental complex amidst tropical gardens and pool. Or, simply renovate bldgs #2&3 for long-term or vacation rentalsto increase income stream potential. Located in the City's transient receiver zone.

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    The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys Board of Realtors, Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Doug Mayberry Real Estate are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
    www.dougmayberry.com/homes/79944521

    323 Petronia Street Key West, FL 33040

    • Price: $1,795,000
    • Status: Active Under Contract
    • Updated: 75 min ago
    • MLS #: 578214
    5
    Beds
    6
    Baths
    0
    ½ Baths
    0.22
    Acres
    2,889
    SQFT
    $621
    $/SQFT
    1978
    Built
    Neighborhood:
    Old Town-N Of Truman
    County:
    Monroe
    Area:
    02 - Key West
    Property Description
    A rare opportunity in Old Town in the vibrant Petronia St corridor in the Bahama Village neighborhood. Two parcels & Three buildings: (325) Bldg #1 recently upgraded building with retail fronting on Petronia St along with 7 parking spaces, a 1-bedroom vacation rental upstairs (323) Bldgs #2&3 Identical single story buildings in the rear each containing 2 1-bedroom long-term rentals.Given the location and the 9476 sf lot with parking, these parcels are ripe for redevelopment (with City Planning Board approval) or conversion to vacation rentals. There is space for more commercial on Petronia St and the razing of bldgs #2&3 for 4 units, total of 5 vacation rental complex amidst tropical gardens and pool. Or, simply renovate bldgs #2&3 for long-term or vacation rentalsto increase income stream potential. Located in the City's transient receiver zone.
    Exterior Features

    Construction Cbs Dockage None Land Size Less Than 1/4 Acre Lot Size 103 X 92 Miscellaneous High Traffc LocationResidence On PremiseStorage Off Street Parking Yes Parking Spaces 7 Roof Metal RoofTar/Gravel Roof Side Median Style Commercial Vehicle Storage Off Street Parking Vehicle Storage Cars 4+ Waterfront None Waterfront YN No Waterview No Waterview

    Interior Features

    Appliances DryerRangeRefrigeratorWasher Cooling Heating Ceiling FansWindow/Wall Unit Floor Tile Floor Kitchens 5 Net Leasable Area 2889.00 Range Ovens 5 Refrigerators 5 Washers 1 Windows Doors Aluminum WindowsOther Windows/Doors

    Property Features

    Assoc Fee 0.00 Assoc Hoa YN No Assoc Right Of Refusal No Bank Owned No Bank Owned Financial Status No City Key West Commercial Type Apartment 3 Or MoreRetail Control Depth 0 Deed Restrictions No Dryers 1 Electric Meters 6 Fee Includes None Fema List No Flood Zone 0.2 PCT ANNUAL CHANC Key West Neighborhood Old Town-N Of Truman License Info Non Trans Rntl LicOther/See Remarks Listing Board Key West Association Mile Marker 0.00 Potential Short Sale No Potential Short Sale Financial Status No Property Info License Included Property Rights Multi-Use/CommercialTranfrble Comm Sqft Property Type Commercial Sewer Accounts 2 Sq Ft Source Property Data Card Tax Year 2017 Taxes 11689.00 Tenant Paid Electric Total Units 6.00 Utilities FkaaMunicipal Sewer Water Meters 2 Zoning Hnc(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med

    Listing courtesy of Keith Bland of Truman & Co. (Kw).


    The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys Board of Realtors, Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Doug Mayberry Real Estate are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
    Doug Mayberry Real Estate
    1075 Duval Street, Suite C23
    Key West FL, 33040