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    5511 5Th Ave Key West, FL 33040

    Sponsored
    For Sale
    $1,800,000

    5,484 SF Warehouse, Vacant, Mixed-Use Zoning

    Property size:
    5,484 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents a 5,484-square-foot warehouse located at 5511 5th Ave, Key West, FL 33040. The property, situated on a 7,458-square-foot lot, is zoned MU - Mixed Use District, offering diverse potential uses. Built in 1982, this two-story building features one loading dock with ramp access and another with truck-height access, facilitating efficient loading and unloading. The interior boasts ample space, including four upstairs offices with a shared bathroom and one downstairs office with its own bathroom. Central air conditioning is installed throughout the building. The property is currently vacant, presenting a blank canvas for the new owner. Individual storage spaces remain within the building, adding to its versatility. The asking price for this unique property is $1,800,000. The property's APN is 00127170-000000. This is a rare chance to acquire a substantial warehouse in the desirable Key West market. The property's mixed-use zoning opens doors to a variety of commercial ventures, making it an attractive investment for owner-users or developers seeking a prime location in Monroe County. The existing infrastructure, including the loading docks and office spaces, provides immediate functionality, minimizing upfront investment costs. The combination of size, location, and zoning makes this a truly unique opportunity in the Key West real estate market.

    Property Features for 5511 5Th Ave

    General Information

    Property type
    Self storage facilities
    Square Feet
    5,484 SF

    Building Details

    Year Built
    1982
    Buildings
    1
    Stories
    2

    HighLights

    • $1,800,000 asking price for this Key West warehouse.
    • 5,484 square feet of warehouse space in a 2‑story building.
    • Located on Stock Island at 5511 5th Ave, Key West, FL 33040.
    • Features one loading dock with ramp access and one with truck‑height access.
    • Includes four upstairs offices with a bathroom and one downstairs office with a bathroom.
    • Central air conditioning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Jetski123.com Repair Service Keys All Area ... General Contractor

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Key West
    County
    Monroe
    State
    Florida
    Longitude
    -81.737806122311
    Latitude
    24.568583639919

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    FAQs

    What type of property is this?
    Self storage facility - 5,484 SF Warehouse, Vacant, Mixed-Use Zoning
    Where is this self storage facility located?
    The property is located at 5511 5Th Ave Key West, FL.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: $1,800,000 asking price for this Key West warehouse.; 5,484 square feet of warehouse space in a 2-story building.; Located on Stock Island at 5511 5th Ave, Key West, FL 33040.
    Request Owner's contact information
    5511 5Th Ave Key West, FL 33040
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5511 5Th Ave Key West, FL 33040
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