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$4,975,000
Key West, FL 33040
MLS# 604403
6 beds | 5 baths | 3788 sqft
1 / 62
Property Description
KEY WEST INVESTMENT OPPORTUNITY!! Once in a lifetime chance to restore and or redevelop a commercial waterfront property located on the edge of Old Town, Key West. Built prior to 1912 and owned by the same family for over 100 years, 901 Eisenhower Drive is well-sited on an expansive 15,609SF lot and is zoned General Commercial offering endless investment potential. Conditional uses include a restaurant, hotel, or marina. The property is currently set up as a legal five-unit multi-family rental with two structures consisting of a historic main home and a separate cottage. The main residence has 4 units including 5 bedrooms and 4 bathrooms while the separate cottage includes 2 bedrooms and 1 bathroom. Located on Garrison Bight and just a half a block away from Bayview Park, Tennis Courts, and biking distance to the island's best beaches and amenities. Buyer to verify restoration and or development rights. Tenant Occupied/48 hours notice to show - we may not be able to all units on the same day.
Details
Maps
Contract Information
Current Price: $4,975,000
Listing Date: 2023-03-01
Listing Board: Key West Association
List Price: $4,975,000
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Species List: No
Location, Tax & Legal
Street #: 901
Street Name: Eisenhower
Street Suffix: Drive
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Off Shore Island: No
County: Monroe
Subdivision: Benj Alburys Subd (2.0)
Mile Marker: 2
Area: 01 - Key West
KW Neighborhood: The Meadows
Marathon Neighborhood: N/A
Side: Bay/Gulf
Flood Zone: AE,AE
Alternate Key #: 1024015
Zoning: CG - General Commercial
Deed Restrictions: No
Legal: KW BENJ ALBURYS SUBD PB1-3 PT LOT 11 & ALL LOT 12 OF TR 7 Y-586 B3-150 OR393-833/34 OR117-41/42 OR186-490/91 OR771-402/0
Taxes: 12530.8
Tax Year: 2021
Pub Sewer HkUp: Yes
General Property Description
Realtor.COM Type: Multi-family
Style: Multi-Units
Waterfront: Yes
Control Depth: 4
Pool: No
Year Built: 1912
Total Units: 5
Lot SqFt: 15609
Acres: 0.36
Living Apx SqFt: 3788
SqFt Source: Tax Records
Total Bedrooms: 6
Full Baths: 5
Total Baths: 5
Rentals Allowed: With Restrictions
Min Rental Days: 30
Remarks & Misc
Remarks – Consumer: KEY WEST INVESTMENT OPPORTUNITY!! Once in a lifetime chance to restore and or redevelop a commercial waterfront property located on the edge of Old Town, Key West. Built prior to 1912 and owned by the same family for over 100 years, 901 Eisenhower Drive is well-sited on an expansive 15,609SF lot and is zoned General Commercial offering endless investment potential. Conditional uses include a restaurant, hotel, or marina.
The property is currently set up as a legal five-unit multi-family rental with two structures consisting of a historic main home and a separate cottage. The main residence has 4 units including 5 bedrooms and 4 bathrooms while the separate cottage includes 2 bedrooms and 1 bathroom. Located on Garrison Bight and just a half a block away from Bayview Park, Tennis Courts, and biking distance to the island's best beaches and amenities.
Buyer to verify restoration and or development rights. Tenant Occupied/48 hours notice to show - we may not be able to all units on the same day.
Status Change Info
Status: Active
Association Info
Mandatory Home Owners Asc: No
Condo Doc's: No
Voluntary Home Owners Asc: No
1st Right of Refusal: No
License Info
# of City License: 5
Building Style
Above Flood: Unknown
Vehicle Storage
Car(s): 4+
Specialty Rooms
Guest/Servant Qtrs: Legal
Financial Status
Auction: No
Bank Owned: No
Potential Short Sale: No
Standard Sale: Yes
Property Features
Fee Includes: None
Tax Exemptions: None
Waterfront: Bay Front
Waterview: Bay/Gulf View
Dockage: None
Property Condition: Fixer Upper
Building Style: Conch
Vehicle Storage: Off Street Parking
Furnished: Unfurnished
Cooling: Ceiling Fans(s); Wall/Window Unit(s)
Porch/Balcony: Open Porch/Balcony
Utilities: Buyer to Verify; Cable Available; Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter
Pre-Wired: Cable
Appliances: Dishwasher; Dryer; Oven; Range; Refrigerator; Washer
Exterior Features: Rain Gutters
Construction: Frame
Windows/Doors: Aluminum Windows; Jalousie Windows; Other Windows/Doors
Shutters: Other
Floor: Wood
Roof: Metal Roof
Pets: Pets Allowed
Neighborhood Feature: Bike Paths; Tennis Courts; Other Area Features
Land Size: 1/4 - 1/2 Acre
Terms: Cash; Conventional; VA
Title: Negotiable
Listing Office: Truman & Co. (KW)
Last Updated: April - 01 - 2024
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