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323 Petronia Street Key West, FL 33040

  • 2,889 sqft
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Commercial-Active $ 1,795,000

MLS#: 578214

Courtesy of: Truman & Co. (KW)

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Description

A rare opportunity in Old Town in the vibrant Petronia St corridor in the Bahama Village neighborhood. Two parcels & Three buildings: (325) Bldg #1 recently upgraded building with retail fronting on Petronia St along with 7 parking spaces, a 1-bedroom vacation rental upstairs (323) Bldgs #2&3 Identical single story buildings in the rear each containing 2 1-bedroom long-term rentals. Given the location and the 9476 sf lot with parking, these parcels are ripe for redevelopment (with City Planning Board approval) or conversion to vacation rentals. There is space for more commercial on Petronia St and the razing of bldgs #2&3 for 4 units, total of 5 vacation rental complex amidst tropical gardens and pool. Or, simply renovate bldgs #2&3 for long-term or vacation rentals

Specifications


    Contract Information


  • Key West Association
  • No
  • Yes
  • No
  • No

    Location, Tax & Legal


  • KEY WEST
  • 0
  • Old Town-N of Truman
  • Median
  • 0.2 PCT ANNUAL CHANC

    General Property Description


  • Commercial
  • No
  • 0
  • 103 x 92
  • 9476

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    • Listing Board: Key West Association
    • Limitd Reprsntation: No
    • As is Rght to Inspct: Yes
    • Potential Short Sale: No
    • Bank Owned: No
    • For Sale/Lease: For Sale
    • Species List: No
    • City: KEY WEST
    • Mile Marker: 1
    • KW Neighborhood: Old Town-N of Truman
    • Side: Median
    • Flood Zone: 0.2 PCT ANNUAL CHANC
    • Add'l Parcel #1: 1013692 (323)
    • Parcel #: 00013290-00000&00013300-000000
    • Zoning: HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med
    • Legal: KW LT 11 SQR 1 TR 3 AND PT ADJ VACATED ALLEY and KW LT 12 SQR 1 TR 3
    • Taxes: 11689
    • Tax Year: 2017
    • Realtor.COM Type: Commercial
    • Waterfront: No
    • Control Depth: 1
    • Lot Size: 103 x 92
    • Lot SqFt: 9476
    • Total Units: 6
    • # Parking Spaces: 7
    • Off Street Parking: YES
    • # Stories: 2
    • SqFt Source: Property Data Card
    • Total # Buildings: 3
    • Building SqFt: 2889
    • Directions: US1/Truman Ave South to Whitehead Street. Right on Whitehead Street and go 2 blocks to Petronia St. Left on Petronia St and destination in in the middle of the block on the right.
    • Mandatory Home Owners Asc: No
    • 1st Right of Refusal: No
    • Association Fee $: 1
    • # of City License: 6
    • Non Trans Rntl Lic: 1
    • Other/See Remarks: 1
    • Apartment 3 or more: 1
    • Retail: 1
    • # Sewer Accounts: 2
    • # Water Meters: 2
    • # Electric Meters: 6
    • Dryer: 1
    • Range: 1
    • Refrigerator: 1
    • Washer: 1
    • # Kitchens: 5
    • # Refrigerators: 5
    • # Range/Ovens: 5
    • # Washers: 1
    • # Dryers: 1
    • License Included: 1
    • 1 Bed/Bath: 5
    • Ceiling Fans: 1
    • Window/Wall Unit: 1
    • None: 1
    • None: 1
    • No Waterview: 1
    • Tile Floor: 1
    • Aluminum Windows: 1
    • Other Windows/Doors: 1
    • Car(s): 4+
    • Off Street Parking: 1
    • Less Than 1/4 Acre: 1
    • FKAA: 1
    • Municipal Sewer: 1
    • Multi-Use/Commercial: 1
    • Tranfrble Comm SqFt: 1
    • High Traffc Location: 1
    • Residence on Premise: 1
    • Storage: 1
    • Metal Roof: 1
    • Tar/Gravel Roof: 1
    • Bank Owned: No
    • Potential Short Sale: No
    • Electric: 1

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