$7,568,000

810-812 Duval Street

Key West FL, 33040

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.

Details

MLS#586161
Listing TypeFor Sale
StyleRetail
Sub-TypeResale
StatusActive
Year1890
Days On Site296

Features

SQ Feet4,429
Story(s)1
Units12
ZoningHRCC(1 - 4) - Hist Res Comm Core

Market Activity 33040

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Area Information

StateFL
CountyMonroe
CityKey West
Zip Code33040
AreaKey West
SubareaOld Town-N of Truman
Listing VS Median (in 33040)
Price:
$7,568,000
low | high
Med:
$695,000
100% of Average
SqFt:
4,429
low | high
Med:
1,591
100% of Average
$ / SqFt:
$1,709
low | high
Med:
$437
100% of Average
On Site:
296
low | high
Med:
49
100% of Average
Listing Updated: 04/08/2020
MLS Number: 586161
Listing Provided By:
Keith Bland  of  Truman Co. (KW)