3591 S Roosevelt Boulevard

    Key West, FL 33040
    • $5,750,000
    • STATUS: Active Under Contract
    • ON SITE: 694 days
    • MLS #: 572027
    Under Contract
    UPDATED: 52 min ago
    $5,750,000
    • 0
      BEDS
    • 1.32
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 21,582
      SQFT
    • $266
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1963
    County:

    School Ratings & Info

    Description

    Oceanfront commercial complex with two operating oceanfront restaurants. Attention investors and 1031 Exchange Key West Buyers! Two Atlantic Oceanfront restaurants on 1.3 acres of land right next to the newly renovated Key West International Airport and located adjacent and next to two major resorts on the Oceanside of Key West, an Oceanfront Best Western and Hyatt Resort with close to 300 units. Tenant on property will deliver a cap rate of over 7.5%.The two restaurants and large rear underutilized warehouse deliver 21,582 SF of space. With parking for over 75 cars in the rear and 24 leased spaces, there is further mixed use development opportunity on the property as well. Price is for land and real estate only. This property is being sold as a restaurant leasehold opportunity with leases in place; a turn-key Benihana International franchise owned by the owner of the real estate and a leasehold on an upscale Key West Italian restaurant brand La Trattoria. The property is located directly on A1A. This is a major oceanfront highway in Key West leading to the islands public beaches and resorts.

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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/66682090

    3591 S Roosevelt Boulevard Key West, FL 33040

    • Price: $5,750,000
    • Status: Active Under Contract
    • Updated: 52 min ago
    • MLS #: 572027
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.32
    Acres
    21,582
    SQFT
    $266
    $/SQFT
    1963
    Built
    Neighborhood:
    New Town
    County:
    Monroe
    Area:
    04 - Key West
    Property Description
    Oceanfront commercial complex with two operating oceanfront restaurants. Attention investors and 1031 Exchange Key West Buyers! Two Atlantic Oceanfront restaurants on 1.3 acres of land right next to the newly renovated Key West International Airport and located adjacent and next to two major resorts on the Oceanside of Key West, an Oceanfront Best Western and Hyatt Resort with close to 300 units. Tenant on property will deliver a cap rate of over 7.5%.The two restaurants and large rear underutilized warehouse deliver 21,582 SF of space. With parking for over 75 cars in the rear and 24 leased spaces, there is further mixed use development opportunity on the property as well. Price is for land and real estate only. This property is being sold as a restaurant leasehold opportunity with leases in place; a turn-key Benihana International franchise owned by the owner of the real estate and a leasehold on an upscale Key West Italian restaurant brand La Trattoria. The property is located directly on A1A. This is a major oceanfront highway in Key West leading to the islands public beaches and resorts.
    Exterior Features

    Construction CbsCombo Construction Dockage None Land Size 1 Less Than 2 Acres Lot Size 1.32 Off Street Parking Yes Parking Spaces 75 Side Ocean Style Commercial Vehicle Storage Off Street Parking Waterfront None Waterfront YN No Waterview Ocean ViewOpen Water View

    Interior Features

    Net Leasable Area 21582.00

    Property Features

    Assoc Hoa YN No Assoc Right Of Refusal No Bank Owned No Bank Owned Financial Status No City Key West Commercial Type FranchiseOffice BuildingsProfessional ServiceRestaurantRetailWholesale Mfg/Wrhse Control Depth 0 Deed Restrictions Unknown Fee Includes None Flood Zone Ve Key West Neighborhood New Town Listing Board Key West Association Mile Marker 4.00 Off Shore Island No Potential Short Sale No Potential Short Sale Financial Status No Property Type Commercial Tax Year 2015 Taxes 25501.05 Total Units 0.00 Utilities FkaaMunicipal Sewer Zoning Ps - Public & Semi Public Services

    Listing courtesy of Team Gardner/Langley of Berkshire Hathaway Knight & Gardner Realty (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