2312 North Roosevelt Blvd. Key West - Water View Commercial Property

I wrote about 2312 North Roosevelt Boulevard in Key West soon after it was listed in April 2015. It's time for a new look as this commercial property with terrific US 1 frontage. The nearly 20,000 sq ft lot (102' X 194')  is located opposite the Key West Yacht Club. There is a recent traffic study available to prospective buyers which discusses the traffic flow that passes this location each day.  North Roosevelt Boulevard is the primary road tourists and locals use on into the Old Town just a few blocks to the west. The Old Town location is the heart of the tourist district as well as where the county government offices, courthouse, and city hall are located.

I dug into my old shoebox and found an aerial photo from the not too distant pass taken by Ty Symroski and Wendy Tucker.  I have added arrows to point out the location of 2312 N. Roosevelt Blvd. just opposite the Yacht Club. The small Hilton Haven residential enclave is located on the backside of the Yacht Club. I also found a photo from 1965 that shows the old Dairy Freeze located at 1704 N Roosevelt Blvd. That once lonesome ice cream stand was razed. Today the location houses a mixed use commercial building. The above photo shows nearby 2330 North Roosevelt which housed the Western Auto store in 1979. Today the same building still exists but houses different tenants. I have lived in Key West since 1993 and watched North Roosevelt's dramatic change.

2312 N. Roosevelt Blvd. Photo in 1999

 A few blocks closer to town the old Royal Castle hamburger stand shown as it existed in 1974 was taken down years ago. It became a Checkers hamburger stand. That building was razed to make way for the new Starbucks that opened this year. I have been amazed to see the traffic this coffee stand generates each day from locals and tourists.The little shopping plaza still remains but with different occupants in the buildings. 

The two year long widening and enhancement of  US 1 from its entrance onto the Island of Key West to White Street was completed in 2014. The transformation of North Roosevelt is now near complete. Four major hotels were nearly totally dismantled and rebuilt in place. One by one the buildings of old Key West are being taken down or being re-purposed. North Roosevelt Boulevard is the principal entryway for most first time drivers into Key West. The old Key West we remember with nostalgia is being replaced by new buildings to meet the needs of the evolving Key West economy.  

I walked the entire lot while taking photos for this blog. The width and depth of the space is much larger in person than it appears in these photos.  The 102' ft depth is equal to two large modular homes. The frontage is equal to nearly four modular homes. If you are a developer you'll appreciate the size of the lot. The existing building could be razed and a new structure built. With hotel rooms in the Key West core hitting $400 per night, this space might work well for a new small boutique hotel of maybe 20 rooms with yacht club views but priced at more moderate prices. Or maybe a new owner would build quality retail or office space down and create several long term residential units on the second floor.

CLICK HERE to view the Key West mls datasheet on this proerty. Then please call me, Gary Thomas, 305-766-2642, for more information. I am a buyers agent and a full time Realtor at Preferred Properties Key West.