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
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 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.
More Information MLS# 611180
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: $5,600,000
Listing Date: 2024-08-22
Sold Price: $5,600,000
Location, Tax & Legal
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
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
General Property Description
Realtor.COM Type: Commercial
Waterfront: No
Control Depth: 0
Lot Size: 64x81.5
Lot SqFt: 5230
Total Units: 0
# Parking Spaces: 6+
Off Street Parking: Parking Lot
# Stories: 3
SqFt Source: Property Data Card
Total # Buildings: 1
Building SqFt: 7239
Style: Commercial
Living Apx SqFt: 7239
Year Built: 1948
Total Bedrooms: 4
Full Baths: 3
Half Baths: 3
Total Baths: 6
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
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Type
Office Buildings: 1
Professional Service: 1
Restaurant: 1
Retail: 1
Fee Includes
None: 1
Dockage
None: 1
Accounts & Meters
# Water Meters: 1
Appliances
Dryer: 1
Range: 1
Refrigerator: 1
Washer: 1
Cooling
Central Air: 1
Waterfront
None: 1
Waterview
No Waterview: 1
Floor
Combo: 1
Tile: 1
Interior Features
Split Bedroom: 1
Vehicle Storage
Car(s): 4+
Off Street Parking: 1
Construction
CBS: 1
Land Size
Less Than 1/4 Acre: 1
Utilities
Buyer to Verify: 1
FKAA: 1
Municipal Sewer: 1
Title
Negotiable: 1
Miscellaneous
High Traffc Location: 1
Residence on Premise: 1
Storage: 1
Roof
Metal Roof: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Sold Date: 2025-02-26
Sold Price: $5,600,000
Status: Closed
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.