323 Petronia Street

  • 323Petronia-01
  • 323Petronia-07
323 Petronia Street
323 Petronia St, Key West, FL 33040, USA
Sold $1,795,000 - Sold
578214 9476 Sq. Ft. (Lot) 5 Bedrooms 6 Bathrooms

A rare opportunity in Old Town in the vibrant Petronia St corridor in the Bahama Village neighborhood. Two parcels & Three buildings: (325) Bldg #1 recently upgraded building with retail fronting on Petronia St along with 7 parking spaces, a 1-bedroom vacation rental upstairs (323) Bldgs #2&3 Identical single story buildings in the rear each containing 2 1-bedroom long-term rentals. Given the location and the 9476 sf lot with parking, these parcels are ripe for redevelopment (with City Planning Board approval) or conversion to vacation rentals. There is space for more commercial on Petronia St and the razing of bldgs #2&3 for 4 units, total of 5 vacation rental complex amidst tropical gardens and pool. Or, simply renovate bldgs #2&3 for long-term or vacation rentals to increase income stream potential. Located in the City’s transient receiver zone.

Additional Details

  • Built: 1978

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