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Prime Commercial property for sale on Stock Island!
Mixed Use | 0.00% CAP | 5,258 SF
Listing Contacts
License: FL FL 263500131
Active
Asking Price: $2,150,000
Address
5670 Laurel Ave, Key West, FL 33040
Show on MapDate Added
Feb 4, 2025
Days on Market
45 days
Time Since Last Update
39 days
Details
Property TypeMixed Use, Office, Retail
SubtypeAuto Shop, Storefront
Investment TypeOwner/User
ClassC
TenancyMulti
Number of Tenants1
Square Footage5,258
Net Rentable (sq ft)5,258
Price/Sq Ft$408.90
Cap Rate0.00%
Pro-Forma Cap Rate0.00%
Occupancy100%
NOI$0
Pro-Forma NOI$0
Units1
Year Built1943
Year Renovated1980
Buildings1
Stories1
ZoningMU Mixed Use
Lot Size (sq ft)12,500
Parking (spaces)10
Rent BumpsNo
APN00124410-000000
Lease Optionsmos to mos
Ground LeaseNo
OwnershipOwner Occupied
Marketing Description
Prime Commercial property for sale on Stock Island! Located on Laurel Ave, with convenient access to Overseas Hwy. Property sits behind the free-standing CVS at MM 5. County Zoning is Mixed Use (MU) with many Commercial and Residential uses possible. Located in an AE flood zone. Subject property consists of two 50' x 125' lots totalling 100' of frontage x 125' deep on Laurel Ave. Large lot has covered and outdoor work areas. There is a large, ground level, 5,258 sf. CBS building in fair condition on the property. New building may be considered. Adjoining properties both have newer built structures. Part of building is owner occupied and portion leased to Cycle shop for rental income. Occupational Licenses for Public Service Marine Repair, Towing & Salvage and Retail Sales and Auto Repair, Detailing, Towing & Rentals. Seller may consider Owner Financing to a Qualified buyer.
Investment Highlights
Prime Commercial property for sale on Stock Island! Located on Laurel Ave, with convenient access to Overseas Hwy. Property sits behind the free-standing CVS at MM 5. County Zoning is Mixed Use (MU) with many Commercial and Residential uses possible. Located in an AE flood zone. Subject property consists of two 50' x 125' lots totalling 100' of frontage x 125' deep on Laurel Ave. Large lot has covered and outdoor work areas. There is a large, ground level, 5,258 sf. CBS building in fair condition on the property. New building may be considered. Adjoining properties both have newer built structures. Part of building is owner occupied and portion leased to Cycle shop for rental income. Occupational Licenses for Public Service Marine Repair, Towing & Salvage and Retail Sales and Auto Repair, Detailing, Towing & Rentals. Seller may consider Owner Financing to a Qualified buyer.
Valuation Calculator
Valuation Calculator
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Property History
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Due Diligence
Listing Contacts
- License: FL FL 263500131
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Broker Information
Broker Information
Broker Name
Curtis A. Skomp, CCIM
Broker License
FL FL 263500131
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