1021 White St 3,991 SF 62% Leased Retail Building Key West, FL 33040 $2,095,000 ($524.93/SF)

INVESTMENT HIGHLIGHTS

  • Excellent visibility
  • Well maintained CBS building
  • Highly trafficked signalized corner in the heart of Old Town Key West

EXECUTIVE SUMMARY

ABSOLUTE PRIME LOCATION: freestanding multi-tenant CBS building perfectly located in the very heart of the busy White St commercial corridor on the NE corner of White and Virginia St, and directly across White St from iconic Sandy's Cafe and across Virginia St from equally iconic Fausto's Food Palace. This 3,991 SF CBS building is currently configured for three retail tenants and is an excellent investment opportunity, ideal for a 1031 Exchange. Two of the 3 tenants front White St (both leases expire Spring 2026). The third, approximately 1500 SF back space's lease recently expired, and sits freshly painted and empty for ease of showing and is available. The back space fronts Virginia St. (the entrance address is 1203 Virginia). The building has outstanding corner visibility for vehicles, bikes, and pedestrians for retail/commercial tenants on one of the busiest commercial corridors and signalized intersections in Old Town Key West. Truly an Old Town steal at $525 PSF at list price, given the top notch condition of the building and its prime location.
Text or call Keith Bland, Listing Agent (305-304-6335) at least 24-hours in advance for property tours. DO NOT disturb Tenants or their businesses.
Listing Agent Must Accompany; Tenant Occupied

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,991 SF
Building Class
C
Year Built/Renovated
1947/2021
Price
$2,095,000
Price Per SF
$524.93
Percent Leased
62%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.84
Lot Size
0.11 AC
Zoning
HNC-1 - Historic Neighborhood Commercial-1; City of Key West
Frontage
60’ on White

AMENITIES

  • Corner Lot
  • Signage
  • Signalized Intersection
  • Tenant Controlled HVAC
  • Storage Space
  • Air Conditioning
Walk Score®
Very Walkable (87)
Bike Score®
Biker's Paradise (91)

NEARBY MAJOR RETAILERS

IGA
Centennial Bank
Margaritaville
Starbucks
First Horizon Bank
Hard Rock Cafe
Fat Tuesday

PROPERTY TAXES

  • Listing ID: 33993340

  • Date on Market: 11/25/2024

  • Last Updated:

  • Address: 1021 White St, Key West, FL 33040