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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

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 lis ...

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
Listing Office: Truman & Co. (KW)
Last Updated: June - 13 - 2025
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