key west investment: 526 Southard Street, Key West - Business For Sale - 01/21/15 10:53 PM

Okay, Dear Readers, you've toyed with the idea of leaving your hour long commutes to work and moving to Key West. You've wondered how you might make a living here that does not involve waiting tables, cleaning toilets in hotel rooms, ferrying tourists from Toledo around on Conch trains, or being a greeter at KMART or HOME DEPOT. Those are all good jobs and keep a lot of people here employed. Preferred Properties Key West just listed an alternative business that would be perfect for a single person to operate with the assistance of an occasional back-up staff person. That … (0 comments)

key west investment: Hop on this Key West Investment - 03/30/12 02:21 AM
3416 North Roosevelt Boulevard - Key West, Florida Just listed, but not by me, the real estate only a special purpose building located on the main thoroughfare into Key West. The listing broker describes the property this way:
"This is a real estate only purchase with a fantastic, stable true triple net long term lease in place. Family owned since the building was purpose built in 1971 for IHOP, lease has been in place with the same franchise company since the beginning. NOI is estimated to be about $100,000 for the year ending May 2012. Was $93,512. for the year ending … (2 comments)

key west investment: Bank Owned Trailer Park - Lower Florida Keys - 03/20/12 01:28 AM
Every now and then I get a phone call or an email from a potential buyer who has had a persistent dream of buying a place in Key West that he or she or they could operate as an investment. The goal is give that potential buyer the reason to move here and have a place to go to that could turn a profit. With the rate of return banks are offering in today's diluted economy, making a profit on just about any non-risk investment ought to provide a greater rate of return. Preferred Properties is the listing brokerage for a … (1 comments)

key west investment: 829 Simonton Street - Key West - Historic Investment Property - 08/31/11 12:25 PM
I distinctly remember going inside the old building at 829 Simonton Street on Superbowl Sunday (January 25, 1987). The place was a sandwich shop called "La Bodega". I had spent the afternoon at Atlantic Shores and wanted to grab a sandwich. The place was near and the food was good. My needs were met. Fast forward 24 years and the building looks pretty much the same.

The unpainted facade looks pretty much today like it did when the two photos below were taken.

829 Simonton Street Key West May 2011

The building was called The Square Deal Market … (1 comments)

key west investment: 400 Simonton Street - Key West Investment Property - 08/29/11 02:24 AM

400 Simonton Street as it appeared in 1965 400 Simonton Street as it appears in August 2011 Just listed, but not be me, 400 Simonton Street in Old Town Key West. According to the Monroe County Appraiser this landmark building was built circa 1889. See the black and white photo which shows how this property looked back in 1965. That's nearly half a century ago. My God, I graduated from high school that year. Compare it to the color photo below. The property has had various uses over the years. And now it is offered for sale. The listing broker … (2 comments)

key west investment: Compound Investment in Key West - 08/09/11 02:23 AM
 
1027 Howe Street (corner of Howe at Julia Streets) If the harbingers of doom and gloom haven't spooked you out of your mind, the compound at 1027 Howe Street in the Bahama Village area of Old Town Key West may be worthy of your consideration. When times are tight and people don't know what is going to happen next, probably the last thing they want to think about is making an investment in income property. There are enough talking heads on TV, bloggers, and other know-it-alls telling the rest of us what the S&P downgrade of America's credit rating means … (0 comments)

key west investment: Commercial Building - Waterfront View - Bank Owned - Key West - 06/01/11 03:03 AM
Are you that commercial buyer that has the concept for a commercial space with a water view in Key West? If so, the new listing for the commercial property at 1970 North Roosevelt Boulevard in Key West may be the property you have been looking for. The listing agent describes this Bank Owned property this way:
"Bank Owned property on the Boulevard in Key West FL! Faces the Gulf of Mexico across the street from Garrison Bight. Currently licensed for 70 seats (may qualify for up to 150 seats). Most recent use was Bait and tackle store in one space and … (0 comments)

key west investment: No Bottom-Feeders, Please - Key West - 05/31/11 04:21 AM
77 Lb. Black Grouper (a Bottom Feeder) caught in Key West - 1995The listing agent at Preferred Properties (that's where I work) added this comment in the agent remarks section to the listing at 925 Eaton Street "And, lastly, the price is firm. No bottom-feeders, please."
925 Eaton Street - Old Town - Key West - 2011 925 Eaton Street as it looked in 1965 Before that he described the 4 unit money maker at 925 Eaton Street in Old Town Key West this way:
"Legal four-unit property consisting of an historic main building with three units and a secondary non-historic … (0 comments)

key west investment: 829 Simonton Street - Old Town - Key West - Historic Investment Property - 05/13/11 02:42 AM
I distinctly remember going inside the old building at 829 Simonton Street on Superbowl Sunday (January 25, 1987).  The place was a sandwich shop called  "La Bodega".  I had spent the afternoon at Atlantic Shores and wanted to grab a sandwhich.  The place was near and the food was good. My needs were met. Fast forward 24 years and the building looks pretty much the same.

The unpainted facade looks pretty much today like it did when the two photos below were taken.

829 Simonton Street Key West  May 2011

The building was called The Square Deal Market … (1 comments)

key west investment: 419 Simonton Street - Old Town Investment Property - Key West - 04/27/11 12:03 AM
 
419 Simonton Street - Old Town - Key West Just listed, but not by me, 419 Simonton Street in Old Town Key West. The listing agent describes this property like this:
"Historic, 2 story residence on a 5967 sq ft Old Town lot that's close to everything. Covered balcony & covered porch on front. Upper level balcony & covered porch at rear. Currently set up as four legal apartments (with four 1.0 ROGO's & 4 electric meters) and one off street parking space. Lot has mature Spanish Lime trees and at nearly 6,000 sq ft, it affords room for expansion … (1 comments)

key west investment: Bank Owned - Office Building - Key West - 04/16/11 02:22 AM
Just listed, but not by me, a Bank Owned Office Building located at the very entrance to Old Town Key West. The listing agent describes the property this way:
"Bank Owned Property priced to sell! First Building to be seen from US Hwy 1 driving West into Old Town Key West. Highly visible office building with parking on Truman Ave (US Hwy 1). Property was renovated in 2002. Reception, private offices, kitchen area, ADA compliant bathrooms." 1511 Truman Avenue is located at the intersection of Eisenhower Drive and Truman Avenue. Bayview Park (Key West's main city park) is located across the … (0 comments)

key west investment: Strip Center - 1200 White Street - Key West - 04/15/10 03:56 AM

1200 White Street Strip Center Key West Florida in 1965  
The same strip center in 2010 The strip center shown above is located at 1200-1206 White Street in Key West. Locals know the building by sight. Ugly sight. A sight that needs razed and rebuilt or renovated into something befitting the location. The asking price has been reduced to $999,000. CLICK HERE for more info and photos.This is how the listing Realtor describes this property:
"A rare, mixed use strip center with adjacent parking lot on busy White Street in Key West. There are three commercial units and two … (0 comments)

 
Gary Thomas, Realtor to the Dreamers (Preferred Properties Key West)

Gary Thomas

Realtor to the Dreamers

Key West, FL

More about me…

Preferred Properties Key West

Address: 520 Southard Street, Key West, Fl, 33040

Mobile: 305-766-2642

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