1021-1025 White Street, Key West, FL 33040 (MLS# 612380)

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

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 list price, given the top-notch condition of the building and its prime location.

More Information MLS# 612380

Contract Information

Listing Board: Key West Association Limited Representation: No As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No For Sale/Lease: For Sale Current Price: $2,010,000 Listing Date: 2024-11-21 Sold Price: $2,010,000

Location, Tax & Legal

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 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

General Property Description

Realtor.COM Type: Commercial Waterfront: No Control Depth: 0 Lot Size: 4775 Lot SqFt: 4775 Total Units: 3 # Parking Spaces: 1 Off Street Parking: Yes # Stories: 2 SqFt Source: Tax Records Total # Buildings: 1 Building SqFt: 3991 Style: Commercial Living Apx SqFt: 3991 Year Built: 1947 Half Baths: 3 Total Baths: 3

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.

Association Info

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

Type

Grocery/Convenience: 1 Office Buildings: 1 Professional Service: 1 Retail: 1 Shop/Strip Center: 1

Fee Includes

None: 1

Dockage

None: 1

Appliances

Other: None

Cooling

Heat Pump: 1 Wall/Window Unit(s): 1

Heating

Ductless: 1 Heat Pump: 1

Waterfront

None: 1

Waterview

No Waterview: 1

Floor

Tile: 1 Wood: 1

Vehicle Storage

Off Street Parking: 1

Construction

CBS: 1 Stucco: 1

Land Size

Less Than 1/4 Acre: 1

Utilities

FKAA: 1 Municipal Sewer: 1

Property Rights

Multi-Use/Commercial: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Shutters

Storm Shutters: 1

Tenant Paid

Electric: 1 Garbage: 1 Insurance: 1 Taxes: 1 Tnt Pays Other Utils: 1 Water: 1

Status Change Info

Sold Date: 2025-06-13 Sold Price: $2,010,000 Status: Closed

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

Roof Inspection ›

Architectural Floor Plan ›

MCPA Parcel Aerial Outline ›

MCPA Bldg Dimensions Outline ›

CA / NDA ›

Listing Office: Truman & Co. (KW)

Last Updated: June - 13 - 2025

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