1021-1025 White Street, Key West, FL 33040
$2,010,000
Property Type:
Commercial Sale
Baths:
3
Square Footage:
3,991
Lot Size (sq. ft.):
4,775
Status:
Closed
Current Price:
$2,010,000
List Date:
11/23/2024
Last Modified:
6/13/2025
Description
ABSOLUTE PRIME LOCATION: freestanding multi-tenant CBS building perfectly located in the very heart of the busy White St commercial corridor on the NE corner of White and Virginia St, and directly across White St from the iconic Sandy's Cafe and across Virginia St from equally iconic Fausto's Food Palace. This 3,991 SF CBS building is currently configured for three retail tenants and is an excellent investment opportunity, ideal for a 1031 Exchange. Two of the 3 tenants front White St (both leases expire Spring 2026). The third, approximately 1500 SF back space's lease recently expired, and sits freshly painted and empty for ease of showing and is available. The back space fronts Virginia St. (the entrance address is 1203 Virginia). The building has outstanding corner visibility for vehicles, bikes, and pedestrians for retail/commercial tenants on one of the busiest commercial corridors and signalized intersections in Old Town Key West. Truly an Old Town steal at $525 PSF at list price, given the top-notch condition of the building and its prime location.
More Information MLS# 612380
Contract Information
Listing Board: Key West Association
Limited Representation: No
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
For Sale/Lease: For Sale
Current Price: $2,010,000
Listing Date: 2024-11-21
Sold Price: $2,010,000
Location, Tax & Legal
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 #: 8594399
Parcel #: 00033820-000100
Zoning: HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med
Legal: KW PT OF TR 14 OR840-1942/43 OR1028-683/85C OR1028-688/90 OR1117-1379/81 OR1649-662/64P/R OR1657-2243/44
Taxes: 11115.18
Tax Year: 2023
Street #: 1021-1025
Street Name: White
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Subdivision: Webb Realty Co Sub (1.0)
County: Monroe
Area: 02 - Key West
General Property Description
Realtor.COM Type: Commercial
Waterfront: No
Control Depth: 0
Lot Size: 4775
Lot SqFt: 4775
Total Units: 3
# Parking Spaces: 1
Off Street Parking: Yes
# Stories: 2
SqFt Source: Tax Records
Total # Buildings: 1
Building SqFt: 3991
Style: Commercial
Living Apx SqFt: 3991
Year Built: 1947
Half Baths: 3
Total Baths: 3
Remarks & Misc
Remarks – Consumer: ABSOLUTE PRIME LOCATION: freestanding multi-tenant CBS building perfectly located in the very heart of the busy White St commercial corridor on the NE corner of White and Virginia St, and directly across White St from the iconic Sandy's Cafe and across Virginia St from equally iconic Fausto's Food Palace. This 3,991 SF CBS building is currently configured for three retail tenants and is an excellent investment opportunity, ideal for a 1031 Exchange. Two of the 3 tenants front White St (both leases expire Spring 2026). The third, approximately 1500 SF back space's lease recently expired, and sits freshly painted and empty for ease of showing and is available. The back space fronts Virginia St. (the entrance address is 1203 Virginia). The building has outstanding corner visibility for vehicles, bikes, and pedestrians for retail/commercial tenants on one of the busiest commercial corridors and signalized intersections in Old Town Key West. Truly an Old Town steal at $525 PSF at list price, given the top-notch condition of the building and its prime location.
Directions: One block south of the highly-trafficked Truman Ave. (U.S. 1) and White Street intersection, on White Street at the northeast corner of White and Virginia Streets.
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Type
Grocery/Convenience: 1
Office Buildings: 1
Professional Service: 1
Retail: 1
Shop/Strip Center: 1
Fee Includes
None: 1
Dockage
None: 1
Appliances
Other: None
Cooling
Heat Pump: 1
Wall/Window Unit(s): 1
Heating
Ductless: 1
Heat Pump: 1
Waterfront
None: 1
Waterview
No Waterview: 1
Floor
Tile: 1
Wood: 1
Vehicle Storage
Off Street Parking: 1
Construction
CBS: 1
Stucco: 1
Land Size
Less Than 1/4 Acre: 1
Utilities
FKAA: 1
Municipal Sewer: 1
Property Rights
Multi-Use/Commercial: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Shutters
Storm Shutters: 1
Tenant Paid
Electric: 1
Garbage: 1
Insurance: 1
Taxes: 1
Tnt Pays Other Utils: 1
Water: 1
Status Change Info
Sold Date: 2025-06-13
Sold Price: $2,010,000
Status: Closed
Property Features
Type: Grocery/Convenience; Office Buildings; Professional Service; Retail; Shop/Strip Center
Waterfront: None
Waterview: No Waterview
Dockage: None
Vehicle Storage: Off Street Parking
Cooling: Heat Pump; Wall/Window Unit(s)
Heating: Ductless; Heat Pump
Utilities: FKAA; Municipal Sewer
Construction: CBS; Stucco
Shutters: Storm Shutters
Floor: Tile; Wood
Land Size: Less Than 1/4 Acre
Fee Includes: None
Tenant Paid: Electric; Garbage; Insurance; Taxes; Tnt Pays Other Utils; Water
Property Rights: Multi-Use/Commercial
Documents
Roof Inspection ›
MCPA Parcel Aerial Outline ›
Listing Office:
Truman & Co. (KW)
Last Updated: June - 13 - 2025
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.