from: March 6, 2010
You're Gonna Howl with Laughter at this New Bank Owned Key West Property
I have written before that in a prior life I did
commercial loan workouts for a couple of big national banks in Denver.
Part of my job responsibilities included the sale of bank owned
properties. I got pretty good at doing my job. I tried to get the last
nickle out of every deal, but I knew that when I had a problem property I
had to sell it and get rid of it. I only "fell in love" with a couple
of properties that I refused to sell at give-away prices. One such
property was a big two story house on the golf course in East Vail. We
had lots of offers from greedy buyers that thought they would steal the
place. They lost.
When I had a dog foreclosure, I got rid of it. Sometimes we had to fix
the dog up and make it pretty enough to attract a new buyer. You must
understand that all dogs are not ugly. Some look perfectly normal. But
location and previous usage can make a once viable property a pretty
difficult sale after a property has been foreclosed upon. One such
property was a small house that had been converted into offices near
City Park in East Denver. Nothing 0dd about the conversion except the
neighboring property had become an abortion clinic which was being
picketed all the time. Another time I took over a medical building in
North Denver. That building had been used as a pill pushing clinic where
the doc pushed diet pills and Valium. The building had creepy old
medical devices and lots of pills stored in boxes in the basement. We
could not sell the drugs and absolutely could not throw them out. I ultimately found another doctor to purchase the building and he took responsibility
for disposing of the furniture, fixtures, equipment and drugs. Yet
another time I took over a gun store filled with weapons and ammo. I
have never fired a gun in my life and being in that place scarred me. I
found a buyer with the proper license to take all of the inventory and
we were out of the gun business in a hurry.
All of this leads up to a new Key West listing of another key west real
estate company. The property in question is located at 325 Julia Street in the Bahama Village area of Key West.
The listing Realtor says
"Presently licensed for use as Evergreen Mortuary and Conch Conquering Lion Construction. Second story has one bedroom residential unit."
I started to howl when I read that line. But then I
looked at the pics of the listing including the viewing parlor, the
embalming room, and that special room with the big table saw, I doubled
over in laughter. CLICK HERE to checkout the mls listing info.
325 Julia Street back in the day. Now Bank Owned!
A few weeks ago I was showing property near the Key West Cemetery.
We were in my car driving on Windsor Lane where I intended to go south
to my next appointment. I had to hold-up a bit as there was a funeral
procession (march) making its way slowly down Windsor Lane toward the
cemetery. (Just like the one in the black and white photo taken in Key
West in 1934,) When we managed to reach Galveston Lane I took a sharp
right and made my getaway.
We don't have that many funerals in Key West because Key West isn't all
that big a town. I understand that there are few if any remaining
unsold burial plots at the cemetery. I kinda fear being taken to
anyplace else in Florida. You must have seen the horror stories about
Florida cemeteries and bogus burials. It is comforting to know that
people in Key West still have reverence for the recently departed. I
mean that in all sincerity. But since there are not a lot of burials,
it is nice to know one could use the none mortuary space for other uses
such as construction.
The 2460 sq ft mixed use building at 325 Julia Street is offered at $489,000 or $199
per sq ft (50.25' x 79.33'). A couple of other funeral homes have been
sold in Key West in the past few years. This could be a fun project
for someone in need of Hmdr
(Historic medium density residential) permissible zoning space.
I would be happy to show this property to serious buyers. I make light
of the listing because of the incongruity of use between mortuary and
construction office. But let's not waste someones time for a laugh.
Please call me, Gary Thomas, 305-766-2642 to schedule a showing. I am a full time Realtor at Preferred Properties Coastal Realty, Inc.
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