200 Coppitt RdKey West, FL 33040

Property Details for 200 Coppitt Rd

Year built

1963

Lot size

0.23 AC

Property size (Sq ft)

1,450 SF

Property type

Retail properties

Property subtype

Retail space

APN

00150840-000000

APU

150840000000

Description

This exceptional commercial property, located at 200 Coppitt Rd, Big Coppitt Key, FL 33040, presents a unique investment opportunity. Priced at $1,100,000, this offering encompasses two parcels totaling 24,700 square feet, providing ample space for various commercial ventures. The property boasts 247 feet of frontage along Coppitt Road and a depth of 100 feet, ensuring easy access and high visibility. Two single-story concrete block buildings, totaling 3,063 net rentable square feet, are situated on the lot. Building #1 measures 1,613 square feet, while Building #2 offers 1,450 square feet. These buildings, constructed in 1990, are currently in poor condition. The property also includes additional storage trailers. The zoning, designated as SC - Sub Urban Commercial District, allows for a wide range of commercial uses. The property benefits from some visibility from the Overseas Highway, enhanced by a large billboard sign. The location offers convenient access, with Bayside Condos across the street, although Coppitt Road experiences relatively low traffic volume. The property has been under the same ownership since 1999. This sale includes real estate only

• CAP approach

  CAP return

  Valuation

  6%

  $604,333

  6.5%

  $557,846

  7%

  $518,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $515,360

  Geo Method

  $515,360

• Alternative Use

  Use

  Valuation

  Residential

  $470,564

  Hospitality

  $431,034

  Educational

  $358,615

  Medical

  $370,949

  Retail

  $557,846

Location Insight

City

Key West

County

Monroe

State

Florida

Latitude

24.5937

Longitude

-81.665

CBSA code

28580

CBSA name

KEY WEST-MARATHON, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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