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221 Duval St
1,000 - 4,604 SF of Retail Space Available in Key West, FL 33040
Highlights
- 4,604 SF of retail space available to one tenant between two floors.
Space Availability (3)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste Left Building | 1,802 SF | Negotiable | $65.16 /SF/YR $5.43 /SF/MO $701.38 /m²/YR $58.45 /m²/MO $9,785 /MO $117,418 /YR | Triple Net (NNN) | ||
| 1st Floor, Ste Right Building | 1,000 SF | Negotiable | $65.16 /SF/YR $5.43 /SF/MO $701.38 /m²/YR $58.45 /m²/MO $5,430 /MO $65,160 /YR | Triple Net (NNN) | ||
| 2nd Floor, Ste Left Building | 1,802 SF | Negotiable | $65.16 /SF/YR $5.43 /SF/MO $701.38 /m²/YR $58.45 /m²/MO $9,785 /MO $117,418 /YR | Triple Net (NNN) |
1st Floor, Ste Left Building
Restaurant & Bar, rare lease opportunity located in the heart of Key West's tourism district. Licensed for 150 seats & qualifies for SRX liquor license. Built in 1919 this charming two story building has over 4,600sf of indoor space, in addition large outdoor dining area directly on Duval Street, front porch, 2nd floor balcony as well as large back deck. Rent quoted is monthly base rent in addition are triple net fees and sales tax. Tenants can choose from three lease options: lease both buildings for $25,000 per month, covering 4,604 square feet; lease the entire 1st and 2nd floors of the left building for $15,500 per month, encompassing 3,604 square feet; or lease the right building alone for $12,500 per month, which offers 1,000 square feet.
- Lease rate does not include utilities, property expenses or building services
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 4,604 SF of adjacent space
1st Floor, Ste Right Building
Restaurant & Bar, rare lease opportunity located in the heart of Key West's tourism district. Licensed for 150 seats & qualifies for SRX liquor license. Built in 1919 this charming two story building has over 4,600sf of indoor space, in addition large outdoor dining area directly on Duval Street, front porch, 2nd floor balcony as well as large back deck. Rent quoted is monthly base rent in addition are triple net fees and sales tax. Tenants can choose from three lease options: lease both buildings for $25,000 per month, covering 4,604 square feet; lease the entire 1st and 2nd floors of the left building for $15,500 per month, encompassing 3,604 square feet; or lease the right building alone for $12,500 per month, which offers 1,000 square feet.
- Lease rate does not include utilities, property expenses or building services
- Can be combined with additional space(s) for up to 4,604 SF of adjacent space
2nd Floor, Ste Left Building
Restaurant & Bar, rare lease opportunity located in the heart of Key West's tourism district. Licensed for 150 seats & qualifies for SRX liquor license. Built in 1919 this charming two story building has over 4,600sf of indoor space, in addition large outdoor dining area directly on Duval Street, front porch, 2nd floor balcony as well as large back deck. Rent quoted is monthly base rent in addition are triple net fees and sales tax. Tenants can choose from three lease options: lease both buildings for $25,000 per month, covering 4,604 square feet; lease the entire 1st and 2nd floors of the left building for $15,500 per month, encompassing 3,604 square feet; or lease the right building alone for $12,500 per month, which offers 1,000 square feet.
- Lease rate does not include utilities, property expenses or building services
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 4,604 SF of adjacent space
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 221 Duval St , Key West, FL 33040
| Property Type | Retail | Gross Leasable Area | 4,604 SF |
| Property Subtype | Restaurant | Year Built | 1919 |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 4,604 SF |
| Year Built | 1919 |
About the Property
Restaurant & Bar, rare lease opportunity located in the heart of Key West's tourism district. Licensed for 150 seats & qualifies for liquor license. Built in 1919 this charming two story building has over 4,600sf of indoor space, in addition large outdoor dining area directly on Duval Street, front porch, 2nd floor balcony as well as large back deck. Rent quoted is monthly base rent in addition are triple net fees and sales tax.
-
Will Langley -
Logan Guevremont -
Berkshire Hathaway Knight & Gardner Realty
Presented by
221 Duval St
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