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$13,600,000
325 Duval St Rear, Key West, FL 33040
14 Beds
12 Baths
6,235 SqFt

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Possible Short term Owner Financing Considered - Lower Duval Street, 12 unit guesthouse complex offering over sized single rooms, suites & 2 bedroom units with kitchens with large heated pool. //// Perfect location within the 2-4 block Entertainment District of Old Town inclusive of bars, restaurants, theaters, Mallory Square attractions and the cruise ship port. >>>> Huge 13,000 sq ft parcel buffered from traffic & street noise, with rooms being setback 40' from Duval. The 200' deep parcel provides a unique 100 foot separation between the front & rear, 3 & 2 story structures - offering guests considerably more privacy. *** Valuable 6 space, compact car guest parking situated between the two collective 7,000 sq.ft buildings. Casa 325 Suites offers a melding of a (7) unit, 100 year old 3 story, ship builders' construction - along with a more recently developed, 5 unit, 2 story structure offering larger rooms & vaulted ceilings. +++ All units have custom furniture built from reclaimed Dade County Pine. Large 2 bdrm ADA unit with kitchen. Prime Duval Street attractions booth included, situated at driveway entrance, currently leased out but should be operated by the Guesthouse operation itself.||||| Go to Casa325.com for full array of pictures, layout of units & rates. Excellent Trip Advisor Rating. There are also (13) electric meters & ( 7 ) water meters on site.** See 'Documents for Survey, Licenses & aerial with lot lines ** CASH FLOW - 2021 - $1.3 mil gross with a $725,000 NOI. 89% Average Occupancy Rate. $659,,000 Advance Bookings as of 1/2023. The over sized rooms and property amenities will support higher rates than what is being charged. (7) out of the 12 units have kitchens
  • Price:
  • $13,600,000
  • Bedrooms:
  • 14
  • Full Baths:
  • 12
  • Square Footage:
  • 6,235
  • Acreage:
  • 0.29
  • Year Built:
  • 1933
  • Listing ID #:
  • 598172
  • Street Address:
  • 325 Duval St Rear
  • City:
  • Key West
  • State:
  • Florida
  • Postal Code:
  • 33040
  • County:
  • Monroe
  • Community:
  • 02 - Key West
  • Subdivision:
  • Old Town - Unlisted (1.0)
  • Listing Status:
  • Active
  • Listing Type:
  • Commercial
  • Construction Description:
  • Frame
  • Doors And Windows:
  • Double Hung Windows
  • Dwelling Type:
  • Hotel/Motel
  • Flooring:
  • Wood
  • Interior Features:
  • Cathedral Ceilings, Drapes/Blinds Incl, Furnished, Laundry Room, Smoke Alarms, Split Bedroom, Window Treatments
  • Leasable Square Feet:
  • 2640.00
  • Miscellaneous Features:
  • Lobby, Patio, Pool, Utility Building
  • Square Footage Source:
  • Property Data Card
  • Stories:
  • 2.0
  • Style:
  • Commercial
  • Total # Of Buildings:
  • 2
  • Total Building Square Footage:
  • 6235
  • Type Of Roof:
  • Shingle Roof, Tin Roof
  • Year Built:
  • 1933
  • Business Description:
  • Casa325 Suites
  • Year Established:
  • 1989-12-31
  • Conforms To Zoning:
  • Hrcc - Historic Residential Commercial Core
  • Federal Flood Zone:
  • 0.2 Pct Annual Chanc
  • Lot Size:
  • Less Than 1/4 Acre
  • Lot Square Footage:
  • 12725.00
  • Days On Market:
  • 465
  • For Sale Or Lease?:
  • For Sale
  • Property Taxes:
  • $29,998
  • Tax Year:
  • 2020
  • Parking Description:
  • Guest Parking, Off Street Parking
  • Parking Spaces:
  • 6
  • Appliances:
  • Refrigerator, Washer
  • Electricity:
  • Circuit Breakers
  • Heating And Air:
  • Ceiling Fans(s), Central Air, Heat Pump, Wall/Window Unit(s)
  • Utilities:
  • Fkaa, Municipal Sewer
  • Water View Description:
  • No Waterview
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Berkshire Hathaway Knight & Gardner
  • UPKEYS