It's a 'Key's Dream', income producing property that allows you to float your boat out back!! Unique opportunity to own a commercial building with both canal frontage and US Hwy 1 frontage, located just outside of Key West. First time offered for sale. Elevated, concrete building has 6 commercial spaces (roughly 23 X 37 each) on the lower level and 3 residential apartments (each is a 3 bed, 2 bath, roughly 1700 sq ft each) on the upper level. All 9 units are separately metered for electric and water. Plenty of off-street parking. Elevated building also provides storage underneath. Currently has five exterior staircases (no interior stairs & no elevator). Has one exterior wheel-chair ramp for commercial spaces on the lower level. Commerical spaces all have their own front doors and each has a half bath. Accordion shutters for all commercial space front doors, plus on all windows to all units. Building is situated on three lots with 280 Ft of US Hwy 1 frontage plus 128 Ft of seawall (according to the Monroe Co property appraiser). Deep canal gives boaters easy access into the 'Back Country' and is located close to Snipes Point, Marvin & the Mud Keys. By car, you are just a short ride into Key West. Please do not disturb the tenants or their businesses.