600 Whitehead StKey West, FL 33040

Property Details for 600 Whitehead St

Year built

1948

Lot size

0.07 AC

Property size (Sq ft)

749 SF

Property type

Office buildings

APN

00012901-000200

APU

12901000200

Description

This 749-square-foot commercial condo, located at 600 Whitehead Street, C-2, Key West, Florida 33040 (APN 585376), presents a unique investment opportunity. Priced at $825,000 ($1,101.47 per square foot), this ground-floor space boasts high visibility and strong foot traffic due to its central Old Town location, adjacent to the courthouse and directly across from the Green Parrot Bar. The open floor plan offers flexibility for customization to suit various business needs. The property features both front and rear entrances, enhancing accessibility and convenience. Currently configured as a spa, this versatile space is zoned HRO (Residential/Office) and is suitable for a range of commercial uses, including retail. The property is situated in an X flood zone. This industrial-type property offers a blend of commercial and warehouse space, making it ideal for entrepreneurs seeking a high-traffic location in a vibrant Key West neighborhood. The property's location and flexible layout provide significant potential for a variety of businesses. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $212,360

  6.5%

  $196,025

  7%

  $182,023

• Comparable approach

  Method

  Valuation

  Relative Method

  $105,639

  Geo Method

  $105,639

• Alternative Use

  Use

  Valuation

  Residential

  $243,071

  Hospitality

  $222,651

  Educational

  $185,243

  Medical

  $191,614

  Retail

  $288,156

Location Insight

City

Key West

County

Monroe

State

Florida

Latitude

24.5539

Longitude

-81.8032

CBSA code

28580

CBSA name

KEY WEST-MARATHON, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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