517 Duval St & 518 Bahama St Sale

2 Properties Offered at $9,350,250 CAD in Key West, FL

INVESTMENT HIGHLIGHTS

  • Prime Trophy Investment Property in the heart of Duval St
  • Tapestry aka Coach is a very strong, long term NNN retail tenant
  • Valuable large parking lot in rear is 518 Bahama St.
  • Same family ownership since the 1940's
  • Upstairs are 6 professional offices and is completely rented

EXECUTIVE SUMMARY

Prime Trophy Investment Property in the heart of Duval St. The Coach Retail Building on the 500 block of Duval St. is a once in a lifetime opportunity! Property has been in the same family ownership since the 1940's. Tapestry aka Coach is a very strong, long term NNN retail tenant. Coach is preparing for a major and expensive upgrade and renovation to their store this summer 2025, all at their expense. Coach retail store occupies the entire ground floor with 51' of Duval St. frontage and a total of approx. 3,937 sf. Coach has been a great tenant in the building since 1998 and have a long term, NNN lease that was recently extended with Options until 2037. Upstairs are 6 professional offices and is completely rented. 2nd floor is 3,937 sf. with 6 individual offices. Upstairs tenants are on gross leases & each has own electric meter. Also a storage room & individual Men & Woman's bathrooms. Combined all tenants provide consistent income with minimal owner management. Valuable large parking lot in rear is 518 Bahama St. Room for 10 + cars plus dumpster and loading area. Both lots total 9,068 sf. 2 story concrete Building is in excellent condition and well maintained. Extensive list of Building repairs and recent renovations available includ. new impact resistant doors and windows & awning replaced on entire first floor storefront, rebuilt rear stairwell, recoat roof, and stormwater disposal well in lot plus many others. Property sits in the 500 Block of Duval St. and sits on high ground in an X flood zone. Thousands of tourists and locals walk by & drive by daily. Neighboring business include Margaritaville, Banana Republic, Kilwin's Fudge, Jack Flats, Gap, CVS & Walgreens, San Carlos Institute and more. Perfect investment for a1031 Exchange and/ or long term investor.

PROPERTY FACTS

Price $9,350,250 CAD
Price / SF $1,191 CAD / SF
Sale Type Investment NNN
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 7,854 SF
Total Land Area 0.28 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
517 Duval St, Key West, FL 33040 Retail 7,854 SF 1933 -
518 Bahama St, Key West, FL 33040 Land 0.08 AC - -
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  • Listing ID: 35125789

  • Date on Market: 2025-03-11

  • Last Updated:

  • Address: 517 Duval St & 518 Bahama St Sale, Key West, FL