For Sale $875,000 - Commercial, Residential
Stand-alone CBS office building now being offered for sale is located in a high-visibility, high-traffic area on Flagler Avenue near Key West High School. The building has 5 offices, a common lobby, common bathroom and off-street parking for 6 vehicles. One of the larger offices has a private full bathroom. Listed at a 5% cap rate, this solid investment provides stable rental income, easy entry into the vibrant Key West real estate market and/or an exclusive building for a business. In 2006, sound-resistant windows and doors were installed as part of the Monroe County airport program. Roll-down and panel hurricane shutters convey. Legal signage is in place on Flagler Ave with more space for legal signage on Third St. (not currently used). A bus stop is located directly in front of the building on Flagler Ave. Actual insurance rates must be obtained by the prospective buyer from a licensed insurance agent as owner self insurers. A 5% vacancy rate is assumed in expenses. Rent is calculated at 100% PRI.
Contact Truman & Co
Whether you are buying or selling, contact us for help in the process. Office: 305-292-2244