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Guesthouse & Parking Lot 419 Amelia St

15 Room Hotel Key West, FL 33040 $13,500,000 ($900,000/Room) 7.34% Cap Rate

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Investment Highlights

LOCATION - Located in the heart of Old Town Key West, just steps from world famous Duval Street. Walking distance to all the attractions.
OCCUPANCY - High occupancy rate. Offers multiple accommodations types (guest rooms & suites).
PARKING LOT - Rare vacant/parking lot in Old Town Key West. Additional income stream.

CONDITION - All guest rooms have been tastefully updated and the property & grounds are in pristine condition.
LIQUOR LICENSE - The special 5COP liquor license can be utilized to add an additional income stream.

Executive Summary

**LISTING NOW INCLUDES 1108 Whitehead Street, a parking lot 1/2 block from Douglas House used for guest parking - a valuable & rare find in Old Town Key West (add an additional income stream).
Douglas House property has 5 buildings with 15 guest rooms on 4 parcels/addresses PLUS parking lot 1/2 block away:
417 Amelia St – RE# 00028100-000000
419/421 Amelia St – RE# 00028080-000000
423 Amelia St – RE# 00028070-000000
418 Virginia St – RE# 00028060-000100
1108 Whitehead St (parking lot) - RE#00026170-000000
15 transient licenses
Special historic 5COP liquor license
*Parking lot offers 12 parking spots for guest use. As parking is limited in Old Town, offering parking for a daily fee at a premium would add an additional income stream.

Douglas House Info Sheet

Property Facts

Price	$13,500,000	Building Class	C
Price Per Room	$900,000	Lot Size	0.14 AC
Sale Type	Investment	Building Size	7,616 SF
Cap Rate	7.34%	No. Rooms	15
Sale Conditions	Business Value Included	No. Stories	2
Property Type	Hospitality	Year Built	1943
Property Subtype	Hotel	Corridor	Exterior

Price	$13,500,000
Price Per Room	$900,000
Sale Type	Investment
Cap Rate	7.34%
Sale Conditions	Business Value Included
Property Type	Hospitality
Property Subtype	Hotel
Building Class	C
Lot Size	0.14 AC
Building Size	7,616 SF
No. Rooms	15
No. Stories	2
Year Built	1943
Corridor	Exterior

Amenities

Balcony
Pool
High Speed Internet Access

Patio
On-Site Bar
Outdoor Pool

Boutique/Lifestyle Hotel
Bed & Breakfast
Public Access Wifi

Smoke-Free
Fully-Equipped Kitchen
Multi-Room Suites

About 419 Amelia St , Key West, FL 33040

**LISTING NOW INCLUDES 1108 Whitehead Street, a parking lot 1/2 block from Douglas House used for guest parking - a valuable & rare find in Old Town Key West (add an additional income stream). Located in picturesque Old Town of Key West, just steps from lively Duval Street, Douglas House is a captivating guest house ensemble. Spanning across five interconnected lots, with dual street access from both Amelia and Virginia Streets, this property is a remarkable collection of 15 licensed transient accommodations and a historic 5-COP liquor license + a parking lot. Douglas House, a cherished Inn, stands out for its perfect balance of accessibility and affordability, coupled with its recent renovations, ensuring it remains in pristine condition. At its heart lies a beautifully designed pool and bar area, enveloped by lush, tropical greenery, offering a tranquil oasis amidst the vibrancy of Key West. The guest house presents a variety of lodging options, from cozy queen rooms to expansive suites equipped with bars and kitchens, all featuring a modern decor. Many of these suites offer the added luxury of private porches or balconies, overlooking the garden and pool. Guests are treated to an array of amenities including a refreshing swimming pool, a charming bar area, off-street parking, and relaxing garden spaces with winding brick paths. Complimentary Wi-Fi and tea & coffee service add to the comfort of the stay. Moreover, the Douglas House is within a short stroll of Key West's renowned attractions such as the Ernest Hemingway House, Southernmost Point Monument, and Sunset Pier at Mallory Square, not to mention the array of galleries, eateries, bars, and shops nearby. Included in the offering is a valuable parking lot at 1108 Whitehead St. with 12 parking spots used for guest parking. Douglas House invites you to experience the unique charm of Key West! Douglas House property has 5 buildings with 15 guest rooms & encompasses of 4 parcels/addresses PLUS parking lot: 417 Amelia St – RE# 00028100-000000 419/421 Amelia St – RE# 00028080-000000 423 Amelia St – RE# 00028070-000000 418 Virginia St – RE# 00028060-000100 1108 Whitehead St (parking lot) RE# 00026170-000000 15 Transient Licenses Special Historic 5COP Liquor License *Parking lot offers 12 parking spots for guest use. As parking is limited in Old Town, offering parking for a daily fee at a premium would add an additional income stream.