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

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.

More Information MLS# 614898

Contract Information

Listing Board: Key West Association Limited Representation: Yes Potential Short Sale: No Bank Owned: No Current Price: $1,830,000 Listing Date: 2025-05-02 Sold Price: $1,830,000

Location, Tax & Legal

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 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

General Property Description

Realtor.COM Type: Commercial Waterfront: No Control Depth: 14 Lot Size: 47x90 Lot SqFt: 4470 Total Units: 0 Building SqFt: 2695 Style: Commercial Living Apx SqFt: 2695 Year Built: 1928 Half Baths: 2 Total Baths: 2

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.

Status Change Info

Sold Comments: Sold Price represents Down Pmt and 3 Yr Lease Pmts Sold Date: 2025-05-02 Sold Price: $1,830,000 Status: Closed

Association Info

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

Type

Bar: 1 Restaurant: 1

Fee Includes

None: 1

Dockage

None: 1

Appliances

Dishwasher: 1 Disposal: 1 Dryer: 1 Range: 1 Refrigerator: 1 Trash Compactor: 1 Washer: 1

Waterfront

None: 1

Waterview

No Waterview: 1

Construction

Frame: 1

Land Size

Less Than 1/4 Acre: 1

Utilities

FKAA: 1 Municipal Sewer: 1 Propane: 1

Financial Status

Bank Owned: No Potential Short Sale: No

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

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