810-812 Duval Street

    Key West, FL 33040
    • $7,395,000
    • STATUS: Active
    • ON SITE: 156 days
    • MLS #: 586161
    $7,395,000
    • 11
      BEDS
    • 0.25
      ACRES
    • 11
      BATHS
    • 2
      1/2 BATHS
    • 4,429
      SQFT
    • $1,670
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1890
    County:

    School Ratings & Info

    Description

    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.

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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 MLS, Inc. Real estate listings held by brokerage firms other than Key West Luxury Real Estate Inc are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
    www.keywestluxuryrealestateinc.com/homes/96030819

    810-812 Duval Street Key West, FL 33040

    • Price: $7,395,000
    • Status: Active
    • MLS #: 586161
    11
    Beds
    11
    Baths
    2
    ½ Baths
    0.25
    Acres
    4,429
    SQFT
    $1,670
    $/SQFT
    1890
    Built
    Neighborhood:
    Old Town-N Of Truman
    County:
    Monroe
    Area:
    02 - Key West
    Property Description
    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.
    Exterior Features

    Construction Frame Dockage None Land Size More Than 1 Lot Lot Size Add'l Parcel #3 00016980-000000 Miscellaneous FencingHigh Traffc LocationHigh VisibilityHot TubLobbyOther MiscellaneousPatioPoolSpaStorage Off Street Parking Yes Parking Spaces 2 Roof Metal Roof Side N/A Style Commercial Vehicle Storage Off Street Parking Vehicle Storage Cars 2 Waterfront None Waterfront YN No Waterview No Waterview

    Interior Features

    Appliances DishwasherDryerRefrigeratorWasher Appliances Other Yes Cooling Heating Ceiling FansCentral A/CCombination A/CHeatWindow/Wall Unit Dishwashers 1 Floor CarpetTile FloorWood Floor Interior Features Cathedral CeilingsDrapes/Blinds InclFoyerFurnishedLaundry RoomPantrySmoke AlarmsWhirlpool Bath TubWindow Treatments Kitchens 2 Refrigerators 13 Washers 2 Windows Doors Wood Windows

    Property Features

    Assoc Hoa YN No Assoc Right Of Refusal No Bank Owned No Bank Owned Financial Status No Building Number 4 Business Name Tropical Inn City Key West Commercial Type BarHotel/MotelRestaurantRetail Control Depth 0 Dryers 3 Electric Meters 5 Fee Includes None Flood Zone X Key West Neighborhood Old Town-N Of Truman Listing Board Key West Association Mile Marker 1.00 Potential Short Sale No Potential Short Sale Financial Status No Property Rights Multi-Use/CommercialTransient License Property Type Commercial Sewer Accounts 5 Sq Ft Source Property Data Card Tax Year 2018 Taxes 35214.39 Total Units 12.00 Utilities FkaaMunicipal Sewer Water Meters 5 Year Established 1999-10-28 Zoning Hrcc(1 - 4) - Hist Res Comm Core 1-4 Sf Specl

    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 MLS, Inc. Real estate listings held by brokerage firms other than Key West Luxury Real Estate Inc are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
     
    Key West Luxury Real Estate Inc
    619 Eaton Street, #2
    Key West FL, 33040