1122-1128 Simonton Street
Key West, FL 33040

$5,500,000

Description

Unique Opportunity to purchase profitable Bar with income producing real estate. Included are 9 market rate Apts. & one commercial tenant. Total two buildings, 1128 Simonton is a two story, CBS building totally renovated. Total of 5,133 sf. 4 Apartments upstairs have central AC & impact resistant windows. 1122 Simonton is a two story frame building & cottage, total of 4,867 sf in good condition, total of 5 Apartments, 3 down and 2 up. The Bottle Cap Bar & Lounge was est. in 1934. Includes valuable, unrestricted 5 COP liquor license. Open 11am to 4am. Completely renovated (dance floor, bathrooms, flooring, counters, etc.) & top of the line light & sound system, DJ booth, pool table & 3 separate bar areas. Perfect opportunity for an owner/operator and investor

Details

MLS#586710
StyleIndustrial
Sub-TypeResale
StatusActive
Year1983
Days On Site20

Features

SQ Feet11,353
Story(s)0
ZoningHNC(1-3) - Hist Nghborhd Comml 1

Market Activity 33040

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Area Information

StateFL
CountyMonroe
CityKey West
Zip Code33040
AreaKey West
SubareaOld Town-S of Truman
Listing VS Median (in 33040)
Price:
$5,500,000
low | high
Med:
$688,750
100% of Average
SqFt:
11,353
low | high
Med:
972
100% of Average
$ / SqFt:
$484
low | high
Med:
$721
2% of Average
On Site:
20
low | high
Med:
168
11.904761904762% of Average
Listing Updated: 08/18/2019
MLS Number: 586710
Listing Provided By:
Curtis A Skomp, CCIM  of  RE MAX Keys Connection (KW)