1128-1130 Duval Street, Key West, FL 33040 (MLS# 611180)

1128-1130 Duval Street, Key West, FL 33040

$5,600,000

Virtual Tour

https://my.matterport.com/show/?m=UwPrSEwcqPC&brand=0

Property Type: Commercial Bedrooms: 4 Baths: 6 Square Footage: 7,239 Lot Size (sq. ft.): 5,230 Status: Closed

Current Price: $5,600,000 List Date: 1/26/2025 Last Modified: 2/27/2025

Description

Fantastic high traffic and high visibility corner location on iconic Duval Street. Rare mixed-use opportunity just blocks from the Southernmost Point & the Hemingway Home and Museum. Two prime commercial spaces with large windows fronting on Duval Street and luxury residential spaces above. Built in 1948 and recently renovated! First floor is currently configured with one large retail/cafe space and a second smaller retail space along with offices, storage space and three half baths. The second floor offers a beautiful 3 bedroom, 2 bath apartment plus lockout 1 bedroom/1 bath. Residential space offers large private balcony overlooking Duval,Street perfect for people watching and parade viewing. Third floor level could be additional living space and features a private deck with treetop views. Frontage on Duval Street 64 ft and Catherine St frontage is 81.5 ft. Sale includes 50% interest in the parking lot at the corner of Catherine Street and Thompson Lane providing 6 plus parking spaces. HRCC-3 Zoning is a transient receiver zone. Purchase a transient license for the upstairs apartment to maximize investment potential. Do not disturb tenants, shown by appt. only.

More Information MLS# 611180

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: $5,600,000 Listing Date: 2024-08-22 Sold Price: $5,600,000

Location, Tax & Legal

KW Neighborhood: Old Town-S of Truman City: KEY WEST Off Shore Island: No Mile Marker: 1 Marathon Neighborhood: N/A Side: Ocean Flood Zone: AE Alternate Key #: 1028720 Parcel #: 00027950-000000 Zoning: HRCC - Historic Residential Commercial Core Legal: KW PT SUB 3-4 PT LOT 1 SQR 6 TR 11 G9-431 G32-455 OR586-903 OR899-473 OR1105-1 OR1569-9 OR1600-1105 OR1857-2470 OR2491 Taxes: 23339.62 Tax Year: 2023 Street #: 1128-1130 Street Name: Duval Street Suffix: Street Key/Island: Key West State/Province: FL Zip Code: 33040 Subdivision: Old Town - Unlisted (1.0) County: Monroe Area: 02 - Key West

General Property Description

Realtor.COM Type: Commercial Waterfront: No Control Depth: 0 Lot Size: 64x81.5 Lot SqFt: 5230 Total Units: 0 # Parking Spaces: 6+ Off Street Parking: Parking Lot # Stories: 3 SqFt Source: Property Data Card Total # Buildings: 1 Building SqFt: 7239 Style: Commercial Living Apx SqFt: 7239 Year Built: 1948 Total Bedrooms: 4 Full Baths: 3 Half Baths: 3 Total Baths: 6

Remarks & Misc

Remarks – Consumer: Fantastic high traffic and high visibility corner location on iconic Duval Street. Rare mixed-use opportunity just blocks from the Southernmost Point & the Hemingway Home and Museum. Two prime commercial spaces with large windows fronting on Duval Street and luxury residential spaces above. Built in 1948 and recently renovated! First floor is currently configured with one large retail/cafe space and a second smaller retail space along with offices, storage space and three half baths. The second floor offers a beautiful 3 bedroom, 2 bath apartment plus lockout 1 bedroom/1 bath. Residential space offers large private balcony overlooking Duval,Street perfect for people watching and parade viewing. Third floor level could be additional living space and features a private deck with treetop views. Frontage on Duval Street 64 ft and Catherine St frontage is 81.5 ft. Sale includes 50% interest in the parking lot at the corner of Catherine Street and Thompson Lane providing 6 plus parking spaces. HRCC-3 Zoning is a transient receiver zone. Purchase a transient license for the upstairs apartment to maximize investment potential. Do not disturb tenants, shown by appt. only. Directions: Duval St and Catherine Street corner

Association Info

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

Type

Office Buildings: 1 Professional Service: 1 Restaurant: 1 Retail: 1

Fee Includes

None: 1

Dockage

None: 1

Accounts & Meters

# Water Meters: 1

Appliances

Dryer: 1 Range: 1 Refrigerator: 1 Washer: 1

Cooling

Central Air: 1

Waterfront

None: 1

Waterview

No Waterview: 1

Floor

Combo: 1 Tile: 1

Interior Features

Split Bedroom: 1

Vehicle Storage

Car(s): 4+ Off Street Parking: 1

Construction

CBS: 1

Land Size

Less Than 1/4 Acre: 1

Utilities

Buyer to Verify: 1 FKAA: 1 Municipal Sewer: 1

Title

Negotiable: 1

Miscellaneous

High Traffc Location: 1 Residence on Premise: 1 Storage: 1

Roof

Metal Roof: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Status Change Info

Sold Date: 2025-02-26 Sold Price: $5,600,000 Status: Closed

Property Features

Type: Office Buildings; Professional Service; Restaurant; Retail Waterfront: None Waterview: No Waterview Dockage: None Vehicle Storage: Off Street Parking Cooling: Central Air Utilities: Buyer to Verify; FKAA; Municipal Sewer Interior Features: Split Bedroom Appliances: Dryer; Range; Refrigerator; Washer Miscellaneous: High Traffc Location; Residence on Premise; Storage Construction: CBS Floor: Combo; Tile Roof: Metal Roof Land Size: Less Than 1/4 Acre Fee Includes: None Title: Negotiable

Listing Office: Bascom Grooms Real Estate (KW)

Last Updated: February - 27 - 2025

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