3414 Duck Avenue, Key West - Major Price Reduction

When most things are too big they get reduced - like bellies and high prices. Most things - not all!

Just Announced - Price Reduction on 3414 Duck Avenue, Key West.  The original asking price was $1,620,000. The new price is $1,420,000.  This 5676 square foot office condominium is located in the Poinciana Plaza center in the New Town area of Key West. Other tenants in this center include the Key West Association of Realtors, an alternative medicine clinic, an art and framing store, a real estate closing and title agent, an insurance company, and a land surveyor. The prior tenant in this space was a medical laboratory.

The listing broker describes the property this way:

"This commercial condominium has appx. 5,600 sq. ft.and can be reconfigured as needed. It is conveniently located at Poinciana Plaza with plenty of parking and close proximity to transportation, schools and housing. This large space is presently two commercial units, one formerly a diagnostic center, the other is a private medical practice. Both units front on Duck Ave. and have high visibility. The property lends itself to a variety of commercial uses and is located in the center of new town. This spacious, versatile condominium is ground level and has easy access for customers. Other well established businesses in the plaza. Equipment does not convey. Easy to see."

The Monroe County Property Appraiser website shows this concrete block building was constructed in 1945.  I dug into my old shoe box and found photos of the Poincina center that date back to 1960. It appears to me that the taller structure (Poinciana Food Centre) was added to the original center soon the building was originally built. The building became a commercial condominium in 2002. The facade was updated and a new covered walkway was added. Unit #8 is located at the far west side of the building and occupies 36.2% of the space.   

Customers have plenty of on street parking in front of this complex. There is gated housing community across the street which means which has restricted access. That means there is no competition from residents for on street parking on this section of Duck Avenue. This  building has additional parking on the side and rear for staff. 

While this commercial condominium is offered as one unit, a new owner could divide the spaces into smaller office units. In fact the prior owner created one separate unit at the far west end. There are five doors which open to the covered front walkway.  I took more photos which you can see if you CLICK HERE.

Click GOOGLE MAPS for an aerial view of this location and then use the toggle switch for a street view. The building is located two blocks north of Flagler Avenue and three blocks east of Kennedy Drive. This property can has quick and easy access from Old Town, Casa Marina, Mid Town, and points east.

CLICK HERE to view the Key West MLS datasheet on 3414 Duck Avenue, Key West. Then please call me, Gary Thomas, 305-766-2642 to schedule a showing. I am a buyers agent and a full time Realtor at Preferred Properties.