816 Duval Street, Key West, FL 33040
$1,830,000
Property Type:
Commercial
Baths:
2
Square Footage:
2,695
Lot Size (sq. ft.):
4,470
Status:
Closed
Current Price:
$1,830,000
List Date:
5/05/2025
Last Modified:
5/05/2025
Description
Property closed as a 3 year lease with 2 1- year options to renew and right to purchase at any time along the way; $750,000 key money down, $30,000 per month (NNN); tenant pays all expenses. Tenant has option to buy based on a $5,150,000 purchase price; Key money and monthly lease payments reduce amount owed to Lessor/Seller if/when Lessee/Buyer decides to purchase.
More Information MLS# 614898
Contract Information
Listing Board: Key West Association
Limited Representation: Yes
Potential Short Sale: No
Bank Owned: No
Current Price: $1,830,000
Listing Date: 2025-05-02
Sold Price: $1,830,000
Location, Tax & Legal
KW Neighborhood: Old Town-N of Truman
City: KEY WEST
Mile Marker: 1
Marathon Neighborhood: N/A
Side: Median
Flood Zone: X
Alternate Key #: 1017591
Parcel #: 00017160-000000
Zoning: HRCC(1 - 4) - Hist Res Comm Core 1-4 SF Specl
Legal: KW PT LOT 3 SQR 6 TR 4 A5-444 G73-455 OR289-268 OR338-98 OR764-1981 OR916-1850 OR969-2207 OR1039-1551 OR1061-2258 OR1502
Taxes: 17116.12
Tax Year: 2024
Street #: 816
Street Name: Duval
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Subdivision: Old Town - Unrecord (1.0)
County: Monroe
Area: 01 - Key West
General Property Description
Realtor.COM Type: Commercial
Waterfront: No
Control Depth: 14
Lot Size: 47x90
Lot SqFt: 4470
Total Units: 0
Building SqFt: 2695
Style: Commercial
Living Apx SqFt: 2695
Year Built: 1928
Half Baths: 2
Total Baths: 2
Remarks & Misc
Remarks – Consumer: Property closed as a 3 year lease with 2 1- year options to renew and right to purchase at any time along the way; $750,000 key money down, $30,000 per month (NNN); tenant pays all expenses. Tenant has option to buy based on a $5,150,000 purchase price; Key money and monthly lease payments reduce amount owed to Lessor/Seller if/when Lessee/Buyer decides to purchase.
Status Change Info
Sold Comments: Sold Price represents Down Pmt and 3 Yr Lease Pmts
Sold Date: 2025-05-02
Sold Price: $1,830,000
Status: Closed
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Type
Bar: 1
Restaurant: 1
Fee Includes
None: 1
Dockage
None: 1
Appliances
Dishwasher: 1
Disposal: 1
Dryer: 1
Range: 1
Refrigerator: 1
Trash Compactor: 1
Washer: 1
Waterfront
None: 1
Waterview
No Waterview: 1
Construction
Frame: 1
Land Size
Less Than 1/4 Acre: 1
Utilities
FKAA: 1
Municipal Sewer: 1
Propane: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Property Features
Type: Bar; Restaurant
Waterfront: None
Waterview: No Waterview
Dockage: None
Utilities: FKAA; Municipal Sewer; Propane
Appliances: Dishwasher; Disposal; Dryer; Range; Refrigerator; Trash Compactor; Washer
Construction: Frame
Land Size: Less Than 1/4 Acre
Fee Includes: None
Listing Office:
Truman & Co. (KW)
Last Updated: May - 05 - 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.