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1000-1006 Truman Avenue, Key West, FL 33040

$3,500,000
Property Type: Commercial Sale Baths: 2 Square Footage: 2,756 Lot Size (sq. ft.): 11,837 Status: Active
Current Price: $3,500,000 List Date: 3/13/2025 Last Modified: 3/02/2026

Overview

Description

Buy a Bar & Liquor Store in Key West! Dons' Place is the opportunity to purchase an Iconic and Landmark Indoor and Outdoor Bar & a Liquor Store with a Drive Through! This package is rarely available in Key West or anywhere in the Keys. Big bonus is that is includes a very valuable, full, unrestricted & transferrable 5-COP Liquor License that includes Tobacco & Retail Beverage with no food requirement! BEV 5400161. Monroe County Liquor Licenses are valued well over $1 Million and 2025 County Appraised Value of the two real estate parcels is over $2.7Million. Total Asset value alone is over $3.8 Million, not including business value. Two parcels of land total 11,836 sf. at corner of Truman & Grinnell Streets. The Indoor Bar and adjoining Liquor Store are in the main corner, CBS 2,396 sf. building along with men's and women's restrooms, office & storage. The building also operates maybe the only drive through, pick up window for Beer, Wine and Liquor left in the Keys! Several major repairs include new AC unit, new Bar, all new water lines and plumbing upgrades. New roof in 2022. There is an existing backup propane Generac Generator with automatic transfer not working. All Furniture, Fixtures and Equipment included. Outside is another 1,588 sf. covered outdoor Bar for entertaining, weddings, special events and parties. There is bar and table seating and a separate small office/storage building. The Bar and Liquor store are popular with both tourists and locals. The business is family managed with absentee owners and a few long time employees. Current Bar hours are 7am until 4am, 7 days per week. The Bar and Liquor Store are a money making operation with so many opportunities for growth for a new owner. Currently there is no food service on site, only pre-packaged snacks sold, but HNC -1 Zoning allows many commercial and residential uses & likely Food Trucks for added income. Same absentee owners since 1998 and first time listed for sale.

Listing Details MLS# 614149

Location, Tax & Legal

Street #
1000-1006
Street Name
Truman
Street Suffix
Avenue
Key/Island
Key West
State/Province
FL
Zip Code
33040
Subdivision
Old Town - Unlisted (1.0)
County
Monroe
Area
02 - Key West
KW Neighborhood
Old Town-S of Truman
City
KEY WEST
Mile Marker
1
Marathon Neighborhood
N/A
Side
N/A
Flood Zone
0.2 PCT ANNUAL CHANC
Alternate Key #
1032051
Add'l Parcel #1
00031250-000000
Parcel #
00031260-000000
Zoning
HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med
Legal
KW G G WATSON SUB I-209 ALL OF LOT 4 & PT LOT 5 SQR 3 TR 13 G16-2 OR290-371/73 OR750-364 OR1349-2111 OR1528-2195/96
Taxes
20670
Tax Year
2025

Contract Information

Listing Board
Key West Association
Limited Representation
No
As is Rght to Inspct
Yes
For Sale/Lease
For Sale
Potential Short Sale
No
Bank Owned
No

General Property Description

Realtor.COM Type
Commercial
Style
Commercial
Lot SqFt
11836.75
Waterfront
No
Business Name
Dons' Place
Year Established
1998-07-24
# Parking Spaces
several
Off Street Parking
yes
# Stories
Yes
Total # Buildings
2
Building SqFt
2756
SqFt Source
Tax Records
Living Apx SqFt
2756
Total Units
2
Year Built
1994
Half Baths
2
Total Baths
2
Control Depth
0

License Info

# of City License
2
# of County License
Yes
5-Cop (Transferable)
Yes

Association Info

Mandatory Home Owners Asc
No
Voluntary Home Owners Asc
No
1st Right of Refusal
No

More Information

Auction Info

Auction
No
Deposit Required
No

Financial Status

Bank Owned
No
Potential Short Sale
No

Remarks & Misc

Remarks – Consumer
Buy a Bar & Liquor Store in Key West! Dons' Place is the opportunity to purchase an Iconic and Landmark Indoor and Outdoor Bar & a Liquor Store with a Drive Through! This package is rarely available in Key West or anywhere in the Keys. Big bonus is that is includes a very valuable, full, unrestricted & transferrable 5-COP Liquor License that includes Tobacco & Retail Beverage with no food requirement! BEV 5400161. Monroe County Liquor Licenses are valued well over $1 Million and 2025 County Appraised Value of the two real estate parcels is over $2.7Million. Total Asset value alone is over $3.8 Million, not including business value. Two parcels of land total 11,836 sf. at corner of Truman & Grinnell Streets. The Indoor Bar and adjoining Liquor Store are in the main corner, CBS 2,396 sf. building along with men's and women's restrooms, office & storage. The building also operates maybe the only drive through, pick up window for Beer, Wine and Liquor left in the Keys! Several major repairs include new AC unit, new Bar, all new water lines and plumbing upgrades. New roof in 2022. There is an existing backup propane Generac Generator with automatic transfer not working. All Furniture, Fixtures and Equipment included. Outside is another 1,588 sf. covered outdoor Bar for entertaining, weddings, special events and parties. There is bar and table seating and a separate small office/storage building. The Bar and Liquor store are popular with both tourists and locals. The business is family managed with absentee owners and a few long time employees. Current Bar hours are 7am until 4am, 7 days per week. The Bar and Liquor Store are a money making operation with so many opportunities for growth for a new owner. Currently there is no food service on site, only pre-packaged snacks sold, but HNC -1 Zoning allows many commercial and residential uses & likely Food Trucks for added income. Same absentee owners since 1998 and first time listed for sale.
Directions
Southeast Corner of Truman Ave. and Grinnell Street.

Type

Bar
Yes
Retail
Yes

Fee Includes

None
Yes

Dockage

None
Yes

Accounts & Meters

# Sewer Accounts
Yes
# Water Meters
Yes
# Electric Meters
2

Appliances

No Appliances
Yes

Cooling

Central Air
Yes

Waterfront

None
Yes

Electric

Other Electric
Yes

Waterview

No Waterview
Yes

Floor

Other
Yes

Interior Features

Furnished
Yes
Wet Bar
Yes

Windows/Doors

Other Windows/Doors
Yes

Vehicle Storage

Off Street Parking
Yes

Construction

CBS
Yes
Frame
Yes

Land Size

1/4 - 1/2 Acre
Yes

Terms

Seller Finance Psble
Yes

Utilities

FKAA
Yes
Municipal Sewer
Yes

Property Rights

Beverage License
Yes

Miscellaneous

High Traffc Location
Yes
High Visibility
Yes

Roof

Other Roof
Yes

Property Features

License Info: 5-Cop (Transferable) Type: Bar; Retail Waterfront: None Waterview: No Waterview Dockage: None Vehicle Storage: Off Street Parking Cooling: Central Air Utilities: FKAA; Municipal Sewer Interior Features: Furnished; Wet Bar Appliances: No Appliances Miscellaneous: High Traffc Location; High Visibility Construction: CBS; Frame Electric: Other Electric Floor: Other Roof: Other Roof Land Size: 1/4 - 1/2 Acre Fee Includes: None Terms: Seller Finance Psble Property Rights: Beverage License
Listing Office: RE/MAX Keys Connection (KW)
Last Updated: March - 02 - 2026
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.
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