517 Duval & 518 Bahama Street, KEY WEST, FL


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Square feet

About 517 Duval & 518 Bahama Street

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.

Features of 517 Duval & 518 Bahama Street

MLS® # 603962
Price $7,500,000
Bathrooms 4.00
Half Baths 4
Square Footage 7,854
Year Built 1933
Type Commercial
Sub-Type Commercial
Status Active

Community Information

Address 517 Duval & 518 Bahama Street
Area 01 - Key West
Subdivision Old Town - Unrecord (1.0)
County Monroe
State FL
Zip Code 33040


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


Interior Features Foyer
Appliances No Appliances
Heating Central A/C, Window/Wall Unit
# of Stories 2


Lot Description More than 1 Lot
Windows Impact Rstnce Window, Other Windows/Doors
Roof Other Roof
Construction Poured Concrete Cnst

Additional Information

Date Listed January 26th, 2023
Days on Market 62
Zoning HRCC(1 - 4) - Hist Res Comm Core 1-4 SF Specl
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentCurtis Skomp, Ccim
OfficeRE/MAX Keys Connection (KW)

Listing Map

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