200 Coppitt Rd Key West, FL 33040-5411
- Retail space
- 1,450 SF
- 0.23 lot acres
Current Use by Public Records
- Fred's Beds & Furniture / Bedding Store / Bedroom Furniture Store
Property Details for 200 Coppitt Rd
- Year built
- 1963
- Lot size
- 0.23 lot acres
- Property size
- 1,450 SF
- Property type
- Retail space
- APN
- 00150840-000000
- APU
- 150840000000
Description
This exceptional commercial property, located at 200 Coppitt Rd, Big Coppitt Key, FL 33040, presents a unique investment opportunity. Priced at $1,100,000, this offering encompasses two parcels totaling 24,700 square feet, providing ample space for various commercial ventures. The property boasts 247 feet of frontage along Coppitt Road and a depth of 100 feet, ensuring easy access and high visibility. Two single-story concrete block buildings, totaling 3,063 net rentable square feet, are situated on the lot. Building #1 measures 1,613 square feet, while Building #2 offers 1,450 square feet. These buildings, constructed in 1990, are currently in poor condition. The property also includes additional storage trailers. The zoning, designated as SC - Sub Urban Commercial District, allows for a wide range of commercial uses. The property benefits from some visibility from the Overseas Highway, enhanced by a large billboard sign. The location offers convenient access, with Bayside Condos across the street, although Coppitt Road experiences relatively low traffic volume. The property has been under the same ownership since 1999. This sale includes real estate only
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $900,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $820,000
- 6.5%
- $960,000
- 7%
- $930,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $985,000
- Geo Method
- $880,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $990,000
- Retail
- $725,000
- Mixed-Use
- $775,000
- Hospitality
- $760,000
- Educational
- $940,000
- Residential Income
- $840,000
- Energy
- $825,000
- Income-Based Land
- $840,000
- Food Service
- $815,000
Location Insight
- Map
- Local Demand
- City
- Key West
- County
- Monroe
- State
- Florida
- Longitude
- -81.665
- Latitude
- 24.5937
- CBSA code
- 28580
- CBSA name
- KEY WEST-MARATHON, FL MICROPOLITAN STATISTICAL AREA
