Description
Immaculate one of a kind office space in the very desirable Courthouse Business Center. Located in Old Town Key West directly across from the entrance to Truman Annex at the corner of Thomas and Southard Streets. This is the only second story office in the Business Center with frontage on both Southard and Thomas Street. Building provides shared kitchenettes, restrooms, conference room, and parking lot. Seller is willing to lease back at $ 1,500 per month with a 3% annual escalation clause ! A most unique office in the Business Center, and an investment opportunity with a 8.84% Cap Rate !! GROSS INCOME = $ 18,000 - 3,240 (ANNUAL OPERATING EXPENCE) - 698 (TAX) = $ 14,062NET OPERATING INCOME (NOI) . ESTIMATED CAP RATE =8.84 % @ $ 159,000 PURSHASE PRICE
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0BEDS
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N/AACRES
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0BATHS
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51/2 BATHS
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135SQFT
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$1,178$/SQFT
School Ratings & Info
Description
Immaculate one of a kind office space in the very desirable Courthouse Business Center. Located in Old Town Key West directly across from the entrance to Truman Annex at the corner of Thomas and Southard Streets. This is the only second story office in the Business Center with frontage on both Southard and Thomas Street. Building provides shared kitchenettes, restrooms, conference room, and parking lot. Seller is willing to lease back at $ 1,500 per month with a 3% annual escalation clause ! A most unique office in the Business Center, and an investment opportunity with a 8.84% Cap Rate !! GROSS INCOME = $ 18,000 - 3,240 (ANNUAL OPERATING EXPENCE) - 698 (TAX) = $ 14,062NET OPERATING INCOME (NOI) . ESTIMATED CAP RATE =8.84 % @ $ 159,000 PURSHASE PRICE
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 Coco Plum Real Estate are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.