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
Overview
Description
...
(Read more)
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.
Listing Details MLS# 612380
Location, Tax & Legal
- 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
- 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
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
- 4775
- Waterfront
- No
- # Parking Spaces
- Yes
- Off Street Parking
- Yes
- # Stories
- 2
- Total # Buildings
- Yes
- Building SqFt
- 3991
- SqFt Source
- Tax Records
- Living Apx SqFt
- 3991
- Total Units
- 3
- Year Built
- 1947
- Half Baths
- 3
- Total Baths
- 3
- Control Depth
- 0
Status Change Info
- Sold Date
- 2025-06-13
Association Info
- Mandatory Home Owners Asc
- No
- 1st Right of Refusal
- No
Appliances
- Other
- None
More Information
Financial Status
- Bank Owned
- No
- Potential Short Sale
- No
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.
Type
- Grocery/Convenience
- Yes
- Office Buildings
- Yes
- Professional Service
- Yes
- Retail
- Yes
- Shop/Strip Center
- Yes
Fee Includes
- None
- Yes
Dockage
- None
- Yes
Cooling
- Heat Pump
- Yes
- Wall/Window Unit(s)
- Yes
Heating
- Ductless
- Yes
- Heat Pump
- Yes
Waterfront
- None
- Yes
Waterview
- No Waterview
- Yes
Floor
- Tile
- Yes
- Wood
- Yes
Vehicle Storage
- Off Street Parking
- Yes
Construction
- CBS
- Yes
- Stucco
- Yes
Land Size
- Less Than 1/4 Acre
- Yes
Utilities
- FKAA
- Yes
- Municipal Sewer
- Yes
Property Rights
- Multi-Use/Commercial
- Yes
Shutters
- Storm Shutters
- Yes
Tenant Paid
- Electric
- Yes
- Garbage
- Yes
- Insurance
- Yes
- Taxes
- Yes
- Tnt Pays Other Utils
- Yes
- Water
- Yes
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
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.

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