1109 Truman Avenue, Key West, FL 33040 (MLS# 614726)

1109 Truman Avenue, Key West, FL 33040

$1,700,000

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Property Type: Commercial Sale Bedrooms: 4 Baths: 6 Square Footage: 4,410 Lot Size (sq. ft.): 4,445 Status: Closed

Current Price: $1,700,000 List Date: 4/21/2025 Last Modified: 10/20/2025

Overview

Description

Prime Mixed Use Income Producing property for sale. Building was recently renovated with exterior siding repair and completely repainted. Total of 6 legal units. There are 2 Commercial units on ground floor facing Truman Ave. Both Commercial spaces now occupied by the Seam Shoppe, a long term, stable tenant. On the 2nd floor there are 4 good size apartments. Each apartment has 1bedroom plus loft room and 1 bath. Each has use of large, outdoor deck in back. Each unit has its own storage unit under back deck. Potential Gross rental income totals approx. $15,500/mos. Total of 6 Water and Electric Meters. Large corner lot at Truman Ave. & Pohalski Lane. There is parking in the rear lot for a few cars and a bike rack. Building in good condition and well maintained. Excellent Replacement Property for a Buyer looking to perform a 1031 Exchange. Owner may consider Seller financing to a Qualified Buyer at Seller discretion.

Listing Details MLS# 614726

Location, Tax & Legal

Street #: 1109
Street Name: Truman
Street Suffix: Avenue
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Subdivision: Old Town - Unrecord (1.0)
County: Monroe
Area: 01 - 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 #: 8689012
Parcel #: 00021050-000100
Zoning: HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med
Legal: KW PB1-46 PT LOT 3 OF TRACT 6 OR964-434 OR1173-1499/1500C/T OR1462-250/51 OR2038-498 OR2619-150/51
Taxes: 13631.78
Tax Year: 2024

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
Species List: No

General Property Description

Realtor.COM Type: Multi-Family
Style: Commercial
Lot SqFt: 4445
Waterfront: No
Business Name: NA
# Parking Spaces: 4
Off Street Parking: yes
# Stories: 2
Total # Buildings: Yes
Building SqFt: 4410
SqFt Source: Property Data Card
Living Apx SqFt: 4410
Total Units: 6
Year Built: 1923
Total Bedrooms: 4
Full Baths: 4
Half Baths: 2
Total Baths: 6
Control Depth: 0

Status Change Info

Sold Date: 2025-10-20

License Info

# of City License: 6
# of County License: 6

Association Info

Mandatory Home Owners Asc: No
1st Right of Refusal: No

More Information

Auction Info

Auction: No

Financial Status

Bank Owned: No
Potential Short Sale: No

Remarks & Misc

Remarks – Consumer: Prime Mixed Use Income Producing property for sale. Building was recently renovated with exterior siding repair and completely repainted. Total of 6 legal units. There are 2 Commercial units on ground floor facing Truman Ave. Both Commercial spaces now occupied by the Seam Shoppe, a long term, stable tenant. On the 2nd floor there are 4 good size apartments. Each apartment has 1bedroom plus loft room and 1 bath. Each has use of large, outdoor deck in back. Each unit has its own storage unit under back deck. Potential Gross rental income totals approx. $15,500/mos. Total of 6 Water and Electric Meters. Large corner lot at Truman Ave. & Pohalski Lane. There is parking in the rear lot for a few cars and a bike rack. Building in good condition and well maintained. Excellent Replacement Property for a Buyer looking to perform a 1031 Exchange. Owner may consider Seller financing to a Qualified Buyer at Seller discretion.
Directions: Corner of Truman Ave. and Pohalski Lane

Type

Apartment 3 or more: Yes
Other Comrcl Style: Yes
Retail: Yes
Shop/Strip Center: Yes

Fee Includes

None: Yes

Dockage

None: Yes

Accounts & Meters

# Water Meters: 6
# Electric Meters: 6

Cooling

Central Air: Yes
Wall/Window Unit(s): Yes

Waterfront

None: Yes

Electric

Other Electric: Yes

Waterview

No Waterview: Yes

Floor

Other: Yes

Interior Features

Other: Yes

Windows/Doors

Other Windows/Doors: Yes

Vehicle Storage

Off Street Parking: Yes

Construction

Frame: Yes

Land Size

Less Than 1/4 Acre: Yes

Terms

Seller Finance Psble: Yes

Utilities

FKAA: Yes
Municipal Sewer: Yes
Separate Meters: Yes

Title

Negotiable: Yes

Property Rights

Other/See Remarks: Yes

Roof

Metal Roof: Yes

Property Features

Type: Apartment 3 or more; Other Comrcl Style; Retail; Shop/Strip Center Waterfront: None Waterview: No Waterview Dockage: None Vehicle Storage: Off Street Parking Cooling: Central Air; Wall/Window Unit(s) Utilities: FKAA; Municipal Sewer; Separate Meters Interior Features: Other Construction: Frame Electric: Other Electric Floor: Other Roof: Metal Roof Land Size: Less Than 1/4 Acre Fee Includes: None Terms: Seller Finance Psble Title: Negotiable Property Rights: Other/See Remarks

Listing Office: RE/MAX Keys Connection (KW)

Last Updated: October - 20 - 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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