1721 Flagler Ave | Key West, FL 33040
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1721 Flagler Ave
Key West, FL 33040
Island Dental · Office Property For Sale
Executive Summary
Discover an exceptional investment opportunity in the heart of Key West, Florida. This prime commercial property is perfectly located in a bustling, high-traffic area, ensuring maximum visibility. Spanning three city lots, this expansive property offers a unique blend of commercial and residential potential. The 2500 square foot commercial building is currently leased to a dental office, providing steady income. A full city lot is designated exclusively for parking, a valuable asset in this busy mid-town locale. The property has undergone numerous recent updates, ensuring modern amenities and enhanced functionality. This versatile property presents a rare opportunity to own a piece of Key West real estate that combines commercial success with a residential component.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
3,205 SF
Building Class
C
Year Built
1920
Price
$2,750,000
Price Per SF
$858
Cap Rate
4.30%
NOI
$118,250
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,205 SF
Building FAR
0.18
Lot Size
0.40 AC
Zoning
SF-1
PROPERTY TAXES
| Parcel Number | 00042230-000000 | Improvements Assessment | $371,348 |
| Land Assessment | $704,126 | Total Assessment | $1,075,474 |
PROPERTY TAXES
Parcel Number
00042230-000000
Land Assessment
$704,126
Improvements Assessment
$371,348
Total Assessment
$1,075,474
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