Description
Prime Trophy Investment Property in the heart of Duval St. The Coach Retail Building is a once in a lifetime opportunity! Coach is a very strong, long term NNN retail tenant. Upstairs are 6 professional offices. Combined all tenants provide consistent income with minimal owner management. Property has been in the same family ownership since the 1940's and the first time listed for sale. 2 story concrete Building is in excellent condition and well maintained. Valuable large parking lot in rear is 518 Bahama St. Room for 10 + cars plus dumpster and loading area. Both lots total 9,068 sf.Gorgeous Coach retail store occupies the entire ground floor with 51' of Duval St. frontage. Occupies a total approx. 3,937 sf. Coach have been great tenants in the building since 1998 and have a long term, NNN lease. 2nd floor is 3,937 sf. with 6 individual offices. Upstairs tenants on gross leases & each has own electric meter. Also a storage room & individual Men & Woman's bathrooms. Extensive list of Building repairs and recent renovations available includ. new impact resistant doors and windows & awning replaced on entire first floor storefront, rebuild rear stairwell, recoat roof, and stormwater disposal well in lot plus many others. Property sits in the 500 Block of Duval St., an X flood zone. Thousands of tourists and locals walk by & drive by daily. Neighboring business include Margaritaville, Banana Republic, Kilwin's Fudge, Jack Flats, Gap, CVS & Walgreens, San Carlos Institute and more. Perfect for a1031 Exchange and/ or long term investor.
Location
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Courtesy of: RE/MAX Keys Connection (KW) ©2022 Key West Multiple Listing Service. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) of the Key West Multiple Listing Service. Real estate listings held by brokerage firms other than Preferred Properties Coastal Realty are marked with the IDX logo and detailed information about them includes the name of the listing brokers. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information has not been verified, is not guaranteed, and is subject to change. Updated: 22nd March, 2023 1:12 PM (UTC)
