471 US HWY 1 | $1,050,000

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471 US HWY 1 | $1,050,000

1,050.00

Stylish mixed use building just minutes from Key West in Big Coppitt. 4 commercial units downstairs and three affordable/employee residential apartments upstairs. Built in 2006 the Plaza has impact windows, ADA restrooms & is wheelchair accessible. Gross leased area is 3870 ft.², with commercial units containing 2340 ft.² of rental area and residential housing apt's contain 1530 ft.². Two 2BD/2BA apt's & one studio unit + common washer and dryer room. All units have water and electric meters. 159.21 feet on US Highway one on a 15,330 square-foot lot, plenty of parking, ADA lift, flood proofed and architecturally attractive. Don't miss this great opportunity to own a building where your businesses is . Please do not disturb the tenants.

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Commercial units:   4 units - 101, 102, 103 & 104

Residential units:   3 units - 201, 202 & 203

Year Built:  2006

Gross Lease Area:  3,870sf, 424 sf common area

Lot Size:  15,330sf

Construction:  Concrete, hardie board

Roof:  Metal

Taxes:  $6,559.07

Insurance:  Wind: $9620, Hazard: $1722, Flood: $2284

Zoning:  SC-suburban comm district 

Parking:  12 parking spaces

Meters:  8 electric, 8 water

Commercial lease area per unit:  

units 101 & 104 - 600sf each

units 102 & 103 - 570sf each

Residential lease area per unit:

units 201 & 203 - 655sf each

unit 202 - 220sf 

Commercial lease information:

units 101 & 104 - $1,957 each*

unit 102 - $1,075

unit 103 - $1300

total monthly - $6,289**

total annually - $75,468**

Residential Lease information:

units 201 & 203 - $1,650 (2bd/2ba

unit 202 - $800 (studio)

total monthly - $4,100

total annually - $49,200   

Features:

impact windows, common w/d, flood proofed, ADA compliant

*unit 101 owner occupied, rent estimated

**includes estimated rent from owner’s Unit