611 - 615 Whitehead Street
Key West, FL 33040

$5,600,000

Description

The Coco Plum Inn is a charming Old Town guest house comprised of two historic buildings in a prime location with 14 fully licensed rooms plus a non-transient license (28 day rental min.) that could be used as a vacation rental. The current configuration is 2 apts., one used by an employee and the other by the owner. Lushly landscaped grounds, large swimming pool, courtyard and parking. Includes 14 transient licenses, 1 non-transient license, & a 12 seat restaurant license. An incredible business opportunity with enormous upside potential in occupancy rate to achieve the 85% STR average for Key West. The best possible location in the heart of Old Town Key West's commercial district, one block west of world famous Duval Street.

Details

MLS#576834
StyleHospitality
Sub-TypeResale
StatusContingent
Year1920
Days On Site326

Features

SQ Feet4,604
Story(s)2
Units15
ZoningHRO - Historic Residential/Offic

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:
$5,600,000
low | high
Med:
$503,250
100% of Average
SqFt:
4,604
low | high
Med:
818
100% of Average
$ / SqFt:
$1,216
low | high
Med:
$155
100% of Average
On Site:
326
low | high
Med:
70.5
100% of Average
Listing Updated: 07/21/2018
MLS Number: 576834
Listing Provided By:
Keith Bland  of  Truman Co. (KW)