Active
1028-1030 Truman Avenue
Key West FL, 33040
$2,995,000
$746.32 per sqft
Active
4 Beds
8 Baths
4,013 sqft
Commercial
Built in 2020
Prime Mixed-Use Investment Opportunity in Key West!Built in 2021 to current building codes, this exceptional four-unit commercial and residential compound is a rare find in the heart of Key West. A perfect 1031 Exchange candidate, this versatile property includes two licensed townhouse residences and two licensed commercial units, offering excellent income potential and flexibility.The commercial building, positioned street-side, is a two-story frame structure with high visibility on Truman Avenue. The ground floor offers approximately 1,112 square feet of open commercial space, while the second floor spans approximately 800 square feet and features a 30-foot-wide balcony overlooking Truman Avenue. An ADA-compliant elevator provides easy access to the second floor. Both levels include fully ADA-compliant restrooms, nine-foot-high ceilings, recessed lighting, ceiling fans, central air conditioning, washer and dryer hookups, and are pre-wired and plumbed for refrigerators and sinks. At the rear of the property, the residential portion consists of a two-story, common-wall duplex, with each unit offering approximately 1,015 square feet of living space. Designed for comfort and style, each unit features two bedrooms and two and a half bathrooms, vaulted ceilings in the upstairs bedrooms, spacious island kitchens, tile flooring, and private shaded rear decks. The property is thoughtfully designed with a beautifully landscaped common courtyard that separates the commercial and residential buildings, enhancing privacy and curb appeal. This turnkey mixed-use property presents a rare opportunity to own a high-quality, income-producing asset in one of Key West's most desirable locations. Don't miss out on this exceptional investment! *Note: 3D Tour is only of the 2 residential units.*
613822
MLSⓇ ID
February 21, 2025
Listed
February 21, 2025
Updated
Interior Features
Total Stories
2
Bedrooms
4
Total Bathrooms
8
Full Bathrooms
4
Half Bathrooms
4
Interior Features
Smoke Alarms, Cathedral Ceilings, French Doors, Impact Rstnce Doors, Impact Rstnce Window
Appliances
Refrigerator, Dishwasher, Range
Floor Description
Tile, Concrete
Fireplace
No
Cooling
Yes
Cooling Description
Central Air, Ceiling Fans(s)
Heating
No
Heating Description
None
Exterior/Building Features
Lot Size
0.11 Acres
Lot Features
Less Than 1/4 Acre
Roof
Metal Roof, Gutters, Combo Roof
Other Property Details
Area Name
02 - Key West
Taxes
$15,198
Tax Frequency
Annually
Association Amenities
None
Garage
No
View
Yes
View Description
No Waterview
County
Monroe
Pool
No
Waterfront Features
None
Utilities
FKAA, Separate Meters, Buyer to Verify, Municipal Sewer
Zoning
HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med
Listed by Team Spottswood/Vazquez with Truman & Co. (KW)
Listing Contact: 305-395-2360
The IDX display contains information sourced from the Florida Keys Board of REALTORS® as of 2/21/2025. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 2/21/2025 at 9:34 PM UTC