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1128-1130 Duval Street, Key West, FL 33040

$5,600,000
Property Type: Commercial Bedrooms: 4 Baths: 6 Square Footage: 7,239 Lot Size (sq. ft.): 5,230 Status: Closed
Current Price: $5,600,000 List Date: 1/26/2025 Last Modified: 2/27/2025

Overview

Description

Fantastic high traffic and high visibility corner location on iconic Duval Street. Rare mixed-use opportunity just blocks from the Southernmost Point & the Hemingway Home and Museum. Two prime commercial spaces with large windows fronting on Duval Street and luxury residential spaces above. Built in 1948 and recently renovated! First floor is currently configured with one large retail/cafe space and a second smaller retail space along with offices, storage space and three half baths. The second floor offers a beautiful 3 bedroom, 2 bath apartment plus lockout 1 bedroom/1 bath. Residential space offers large private balcony overlooking Duval,Street perfect for people watching and parade viewing. Third floor level could be additional living space and features a private deck with treetop views. Frontage on Duval Street 64 ft and Catherine St frontage is 81.5 ft. Sale includes 50% interest in the parking lot at the corner of Catherine Street and Thompson Lane providing 6 plus parking ...

Listing Details MLS# 611180

Location, Tax & Legal

Street #
1128-1130
Street Name
Duval
Street Suffix
Street
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
Off Shore Island
No
Mile Marker
1
Marathon Neighborhood
N/A
Side
Ocean
Flood Zone
AE
Alternate Key #
1028720
Parcel #
00027950-000000
Zoning
HRCC - Historic Residential Commercial Core
Legal
KW PT SUB 3-4 PT LOT 1 SQR 6 TR 11 G9-431 G32-455 OR586-903 OR899-473 OR1105-1 OR1569-9 OR1600-1105 OR1857-2470 OR2491
Taxes
23339.62
Tax Year
2023

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
5230
Waterfront
No
# Parking Spaces
6+
Off Street Parking
Parking Lot
# Stories
3
Total # Buildings
Yes
Building SqFt
7239
SqFt Source
Property Data Card
Living Apx SqFt
7239
Year Built
1948
Total Bedrooms
4
Full Baths
3
Half Baths
3
Total Baths
6
Control Depth
0
Total Units
0

Status Change Info

Sold Date
2025-02-26

Association Info

Mandatory Home Owners Asc
No
1st Right of Refusal
No

Vehicle Storage

Car(s)
4+
Off Street Parking
Yes

More Information

Financial Status

Bank Owned
No
Potential Short Sale
No

Remarks & Misc

Remarks – Consumer
Fantastic high traffic and high visibility corner location on iconic Duval Street. Rare mixed-use opportunity just blocks from the Southernmost Point & the Hemingway Home and Museum. Two prime commercial spaces with large windows fronting on Duval Street and luxury residential spaces above. Built in 1948 and recently renovated! First floor is currently configured with one large retail/cafe space and a second smaller retail space along with offices, storage space and three half baths. The second floor offers a beautiful 3 bedroom, 2 bath apartment plus lockout 1 bedroom/1 bath. Residential space offers large private balcony overlooking Duval,Street perfect for people watching and parade viewing. Third floor level could be additional living space and features a private deck with treetop views. Frontage on Duval Street 64 ft and Catherine St frontage is 81.5 ft. Sale includes 50% interest in the parking lot at the corner of Catherine Street and Thompson Lane providing 6 plus parking spaces. HRCC-3 Zoning is a transient receiver zone. Purchase a transient license for the upstairs apartment to maximize investment potential. Do not disturb tenants, shown by appt. only.
Directions
Duval St and Catherine Street corner

Type

Office Buildings
Yes
Professional Service
Yes
Restaurant
Yes
Retail
Yes

Fee Includes

None
Yes

Dockage

None
Yes

Accounts & Meters

# Water Meters
Yes

Appliances

Dryer
Yes
Range
Yes
Refrigerator
Yes
Washer
Yes

Cooling

Central Air
Yes

Waterfront

None
Yes

Waterview

No Waterview
Yes

Floor

Combo
Yes
Tile
Yes

Interior Features

Split Bedroom
Yes

Construction

CBS
Yes

Land Size

Less Than 1/4 Acre
Yes

Utilities

Buyer to Verify
Yes
FKAA
Yes
Municipal Sewer
Yes

Title

Negotiable
Yes

Miscellaneous

High Traffc Location
Yes
Residence on Premise
Yes
Storage
Yes

Roof

Metal Roof
Yes

Property Features

Type: Office Buildings; Professional Service; Restaurant; Retail Waterfront: None Waterview: No Waterview Dockage: None Vehicle Storage: Off Street Parking Cooling: Central Air Utilities: Buyer to Verify; FKAA; Municipal Sewer Interior Features: Split Bedroom Appliances: Dryer; Range; Refrigerator; Washer Miscellaneous: High Traffc Location; Residence on Premise; Storage Construction: CBS Floor: Combo; Tile Roof: Metal Roof Land Size: Less Than 1/4 Acre Fee Includes: None Title: Negotiable
Listing Office: Bascom Grooms Real Estate (KW)
Last Updated: February - 27 - 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.