810-812 Duval Street, Key West, FL 33040

$6,950,000

Tropical Inn 812 Duval St & Vino's on Duval 810 Duval St (retail tenant)

Property Type: Commercial Sale Bedrooms: 11 Baths: 11.2 Lot Size (sq. ft.): 10,703 Status: Closed

Current Price: $6,950,000 List Date: 6/18/2019 Last Modified: 9/09/2024

Overview

Description

Tropical Inn is an extraordinary boutique hotel centered on world-famous Duval St and equidistant from the Mallory Sunset Pier and the Southernmost Point Buoy. With an excellent ROI plus occupancy upside, the 11 exquisitely appointed guest rooms are each unique and are situated in 4 historic homes on nearly 1/4 acre of land in the heart of Key West's Commercial District. Lush tropical gardens, pools and spa create an enchanting paradise for guests who frequently visit the inn. With 20 years of success, the Tropical Inn has a large percentage of repeat guests. Tropical Inn consistently outperforms the average daily rate for Key West B&B's and 2019 revenue is up over 13% from 2018. The property consists of 4 parcels with 11 transient licenses and a commercial retail space on Duval St.

Supplements: currently leased by Vino's wine bar where guests enjoy a daily Happy Hour. Guests are also served continental breakfast and fresh fruit daily. Beautifully maintained structures and grounds along with a long consistent history of excellent financials make Tropical Inn a rock solid investment ready for a new owner to take the reigns and increase its ... (Read more)

Listing Details MLS# 586161

Location, Tax & Legal

Street #: 810-812
Street Name: Duval
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Subdivision: Old Town - Unlisted (1.0)
County: Monroe
Area: 02 - Key West
KW Neighborhood: Old Town-N of Truman
City: KEY WEST
Mile Marker: 1
Marathon Neighborhood: N/A
Side: N/A
Flood Zone: X
Alternate Key #: 1017361
Add'l Parcel #1: 00016940-000000
Parcel #: 00016950-000000
Add'l Parcel #2: 00016990-000000
Bldg Nbr: 4
Zoning: HRCC(1 - 4) - Hist Res Comm Core 1-4 SF Specl
Legal: KW PT LOT 1 SQR 6 TR 4 and KW PT LOT 1 SQR 6 TR 4 G49-535/36 and KW PT LOT 1 SQR 6 TR 4 D2-234 and KW PT LOT 1 SQR 6 TR
Taxes: 35214.39
Tax Year: 2018

Contract Information

Listing Board: Key West Association
Limited Representation: No
For Sale/Lease: For Sale
Potential Short Sale: No
Bank Owned: No

General Property Description

Realtor.COM Type: Commercial
Style: Commercial
Lot SqFt: 10703
Waterfront: No
Business Name: Tropical Inn
Year Established: 1999-10-28
# Parking Spaces: 2
Off Street Parking: Yes
# Stories: Yes
Total # Buildings: 4
Building SqFt: 4429
SqFt Source: Property Data Card
Total Units: 12
Year Built: 1890
Total Bedrooms: 11
Full Baths: 11
Half Baths: 2
Total Baths: 11.2
Control Depth: 0

Status Change Info

Under Contract Date: 2021-02-27
Sold Date: 2021-07-13

License Info

# of Transient Licns: 11

Association Info

Mandatory Home Owners Asc: No
1st Right of Refusal: No

More Information

Property Info

# Kitchens: 2
# Refrigerators: 13
# Washers: 2
# Dryers: 3
# Dishwashers: Yes

Vehicle Storage

Car(s): 2
Off Street Parking: Yes

Financial Status

Bank Owned: No
Potential Short Sale: No

Remarks & Misc

Remarks – Consumer: Tropical Inn is an extraordinary boutique hotel centered on world-famous Duval St and equidistant from the Mallory Sunset Pier and the Southernmost Point Buoy. With an excellent ROI plus occupancy upside, the 11 exquisitely appointed guest rooms are each unique and are situated in 4 historic homes on nearly 1/4 acre of land in the heart of Key West's Commercial District. Lush tropical gardens, pools and spa create an enchanting paradise for guests who frequently visit the inn. With 20 years of success, the Tropical Inn has a large percentage of repeat guests. Tropical Inn consistently outperforms the average daily rate for Key West B&B's and 2019 revenue is up over 13% from 2018. The property consists of 4 parcels with 11 transient licenses and a commercial retail space on Duval St.
Directions: US1 South to Duval Street. Go right (north) on Duval St for 1 1/2 blocks. Tropical Inn is then on the left (west) side of Duval Street. Do not disturb business. Listing Agent must be present.

Type

Bar: Yes
Hotel/Motel: Yes
Restaurant: Yes
Retail: Yes

Fee Includes

None: Yes

Dockage

None: Yes

Accounts & Meters

# Sewer Accounts: 5
# Water Meters: 5
# Electric Meters: 5

Appliances

Dishwasher: Yes
Dryer: Yes
Refrigerator: Yes
Washer: Yes

Cooling

Ceiling Fans(s): Yes
Central Air: Yes
Heat: Yes
Heat Pump: Yes
Wall/Window Unit(s): Yes

Waterfront

None: Yes

Waterview

No Waterview: Yes

Floor

Carpet: Yes
Tile: Yes
Wood: Yes

Interior Features

Cathedral Ceilings: Yes
Drapes/Blinds Incl: Yes
Entrance Foyer: Yes
Furnished: Yes
Laundry Room: Yes
Pantry: Yes
Smoke Alarms: Yes
Whirlpool Bath Tub: Yes
Window Treatments: Yes

Windows/Doors

Wood Windows: Yes

Construction

Frame: Yes

Land Size

More than 1 Lot: Yes

Utilities

FKAA: Yes
Municipal Sewer: Yes

Property Rights

Multi-Use/Commercial: Yes
Transient License: Yes

Miscellaneous

Fencing: Yes
High Traffc Location: Yes
High Visibility: Yes
Hot Tub: Yes
Lobby: Yes
Patio: Yes
Pool: Yes
Spa: Yes
Storage: Yes
Other Miscellaneous: Yes

Roof

Metal Roof: Yes

Property Features

Type: Bar; Hotel/Motel; Restaurant; Retail Waterfront: None Waterview: No Waterview Dockage: None Vehicle Storage: Off Street Parking Cooling: Ceiling Fans(s); Central Air; Heat; Heat Pump; Wall/Window Unit(s) Utilities: FKAA; Municipal Sewer Interior Features: Cathedral Ceilings; Drapes/Blinds Incl; Entrance Foyer; Furnished; Laundry Room; Pantry; Smoke Alarms; Whirlpool Bath Tub; Window Treatments Appliances: Dishwasher; Dryer; Refrigerator; Washer Miscellaneous: Fencing; High Traffc Location; High Visibility; Hot Tub; Lobby; Patio; Pool; Spa; Storage; Other Miscellaneous Construction: Frame Floor: Carpet; Tile; Wood Roof: Metal Roof Land Size: More than 1 Lot Fee Includes: None Property Rights: Multi-Use/Commercial; Transient License

Documents

Site Plan Rendering ›

Confidentiality Agreement ›

Property Information Sheet ›

Listing Office: Truman & Co. (KW)

Last Updated: September - 09 - 2024

The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.

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