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Listing Details

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School Ratings & Info

Description

MAJOR WATERFRONT 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 zoned as General Commercial offering endless investment potential. 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.

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Coastal Collection Real Estate Inc. are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.buythekeys.com/homes/120218469
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901 Eisenhower Drive Key West, FL 33040

  • Price: $5,500,000
  • Status: Active
  • Updated: 55 min ago
  • MLS #: 597237
7
Beds
5
Baths
0
½ Baths
0.36
Acres
3,778
SQFT
$1,456
$/SQFT
1912
Built
Neighborhood:
Old Town-N Of Truman
County:
Monroe
Area:
01 - Key West
Property Description
MAJOR WATERFRONT 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 zoned as General Commercial offering endless investment potential. 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.
Exterior Features

Above Flood Unknown Building Style Conch Construction Frame Dockage None Exterior Features Gutters Land Size 1/4 - 1/2 Acre Pool YN No Porch Balcony Open Porch/Balcony Roof Metal Roof Shutters Other Side Bay/Gulf Style Multi-Units Vehicle Storage Off Street Parking Vehicle Storage Cars 4+ Waterfront Bay Front Waterfront YN Yes Waterview Bay/Gulf View

Interior Features

Appliances DishwasherDryerOvenRangeRefrigeratorWasher Cooling Heating Ceiling FansWindow/Wall Unit Floor Wood Floor Furnished Unfurnished Guest Servant Quarters Legal Pre Wired Cable Windows Doors Aluminum WindowsJalousie WindowsOther Windows/Doors

Property Features

Assoc Fee 0.00 Assoc Hoa YN No Assoc Right Of Refusal No Auction No Bank Owned No Bank Owned Financial Status No City Key West Condition Fixer Upper Control Depth 4 Deed Restrictions No Fee Includes None Flood Zone Ae Key West Neighborhood Old Town-N Of Truman Listing Board Key West Association Mile Marker 2.00 Min Rental Days 30.00 Neighborhood Features Bike PathsOther Area FeaturesTennis Courts Off Shore Island No Pets Pets Allowed Potential Short Sale No Potential Short Sale Financial Status No Public Sewer Hookup Yes Rentals Allowed With Restrictions Species List No Sq Ft Source Tax Records Tax Exemptions None Tax Year 2020 Taxes 12444.44 Terms CashConventionalVa Title Negotiable Utilities Buyer To VerifyCable AvailableElect Separate MeterFkaaMunicipal SewerWater Separate Meter Zoning Cg - General Commercial

Listing courtesy of Team Kaufelt of Truman & Co. (Kw).


The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Coastal Collection Real Estate Inc. are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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Coastal Collection Real Estate Inc.
94 Seaside North Ct.
Key West FL, 33040