810-812 Duval Street, KEY WEST, 33040

Commercial - Commercial For Sale in Old Town - Unlisted (1.0)

$7,395,000

11Beds
11.2Baths
3,909Sqft
1890Built
30DOM
MLS® #: 586161
Active, 30 Days on Market

Tropical Inn is an extraordinary boutique hotel centered on world-famous Duval St and equidistant from the Mallory Sunset Pier and the Southernmost Point Buoy. The 11 exquisitely appointed guest rooms are each unique and they are situated in 4 historic homes on nearly 1/4 acre of land in the heart of Key West's Old Town. Lush tropical gardens, pools and spa create an enchanting paradise for guests who frequently visit the inn. With 20 years of success, the Tropical Inn has a large percentage of repeat guests. Tropical Inn consistently outperforms the average daily rate for Key West B&B's as per Smith Travel Research. There is excellent upside potential in the occupancy rate. The property consists of 4 parcels with 11 transient licenses and a commercial retail space on Duval Streetcurrently leased by Vino's wine bar where guests enjoy a daily Happy Hour. Guests are also served continental breakfast and fresh fruit daily. Beautifully maintained structures and grounds along with a long consistent history of excellent financials make Tropical Inn a rock solid investment ready for a new owner to take the reigns and increase its enduring prosperity.

Essential Information

MLS® #: 586161
Price: $7,395,000
Bedrooms: 11
Bathrooms: 11.20
Full Baths: 11
Half Baths: 2
Square Footage: 3,909
Year Built: 1890
Type: Commercial
Sub-Type: Commercial
Status: Active

Community Information

Address: 810-812 Duval Street
Area: 02 - Key West
Subdivision: Old Town - Unlisted (1.0)
City: KEY WEST
County: Monroe
State: FL
Zip Code: 33040

Amenities

Utilities: FKAA, Municipal Sewer
Parking: Off Street Parking
View: No Waterview
Waterfront: None

Interior

Interior Features: Smoke Alarms, Whirlpool Bath Tub, Drapes/Blinds Incl, Cathedral Ceilings, Pantry, Foyer, Laundry Room, Furnished, Window Treatments
Appliances: Refrigerator, Washer, Dryer, Dishwasher
Heating: Heat, Central A/C, Window/Wall Unit, Combination A/C, Ceiling Fans
# of Stories: 1

Exterior

Lot Description: More than 1 Lot
Windows: Wood Windows
Roof: Metal Roof
Construction: Frame

Additional Information

Date Listed: June 18th, 2019
Days on Market: 30
Zoning: HRCC(1 - 4) - Hist Res Comm Core 1-4 SF Specl
HOA Fees: 0.00

Listing Details

Listing Agent: Keith Bland
Listing Office: Truman & Co. (KW)

Financials

$/SqFt: $1,892

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