I wrote about
2312 North Roosevelt Boulevard in
Key West soon after it was listed in April. It's time for a second look as this interesting commercial property with terrific US 1 frontage remains unsold. This nearly
20,000 sq ft lot (102' X 194') lot
is located opposite the
Key West Yacht Club. There is a traffic study available to prospective buyers to study the tremendous traffic flow that passes this location each day as tourists and locals make their way into the Old Town just a few blocks to the west.
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 which is shown just opposite the Yacht
Club. The small Hilton Haven residential enclave is located on the backside of the
Yacht Club.
|
2312 N. Roosevelt Blvd. Photo in 1999 |
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. Within the couple of months the renovation of the four large hotels at the US1 gateway onto to
the island of Key West will be compete. They will join in the
renaissance that is transforming North Roosevelt Boulevard as it winds
its way alongside the Gulf of Mexico toward Old Town. The black and
white photo above was taken back in 1965. It shows nearby 1704 N.
Roosevelt Blvd. back in 1964. The old Dairy Freeze is history now. Today
there is a modern office building in that location. The vast open area
behind it is now the athletic field at the Horace O'Bryant School. I point out the old so that prospective buyers can understand that what was in the past does not mean that an existing use must stay that way in the future. Some smart buyer will purchase 2312 N. Roosevelt and may totally change the present use to something quite different..
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 lot is located opposite the Yacht Club. 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 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 the
land parcel.
The tire and auto repair business has been established over 40 years and has extensive name recognition plus repeat customers and significant contract work for government and local businesses Real
estate also for sale but business will have to relocate if sold separately from
real property. The existing
Business Opportunity (Banner Tire Company) is also available for purchase separate from the building/lot offer. This tire and auto repair business has been established over 40 years with
extensive name recognition and repeat customers including contract work. The building and lot are for sale but business will have to relocate if sold separately from
real property.
CLICK HERE to view the Key West mls datasheet on the business opportunity only.
Both of the above listings are listed by Preferred Properties Key West. 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.
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