816 Duval Street, Key West, FL 33040 (MLS# 614898)

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

Overview

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.

Listing Details MLS# 614898

Location, Tax & Legal

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
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

Contract Information

Listing Board: Key West Association
Limited Representation: Yes
Potential Short Sale: No
Bank Owned: No

General Property Description

Realtor.COM Type: Commercial
Style: Commercial
Lot SqFt: 4470
Waterfront: No
Control Depth: 14
Building SqFt: 2695
Living Apx SqFt: 2695
Year Built: 1928
Half Baths: 2
Total Baths: 2
Total Units: 0

Status Change Info

Sold Date: 2025-05-02
Sold Comments: Sold Price represents Down Pmt and 3 Yr Lease Pmts

Association Info

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

Financial Status

Bank Owned: No
Potential Short Sale: No

More Information

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.

Type

Bar: Yes
Restaurant: Yes

Fee Includes

None: Yes

Dockage

None: Yes

Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Range: Yes
Refrigerator: Yes
Trash Compactor: Yes
Washer: Yes

Waterfront

None: Yes

Waterview

No Waterview: Yes

Construction

Frame: Yes

Land Size

Less Than 1/4 Acre: Yes

Utilities

FKAA: Yes
Municipal Sewer: Yes
Propane: Yes

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.

Search