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    1000-1006 Truman Ave Key West, FL 33040

    For Sale
    $3,900,000

    Retail,Bar - Key West, FL

    Days on Market:
    164
    Last Refresh:
    Dec 5 at 8:06 am

    Property Features for 1000-1006 Truman Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med
    Rooms
    Bathroom 1, Bathroom 2
    Bathrooms
    2
    APN
    00031260-000000
    Interior features
    Wet Bar, Furnished
    Appliances
    None

    Building Details

    Year built
    1994
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Other
    Building materials
    Frame
    Roof type
    Other
    Architectural style
    Other

    Internet Realty/Florida Keys Inc (KW) (305) 745-9088

    Listing agent Curtis A Skomp, CCIM (305) 296-1400 License #586474

    Listing date Jun 25, 2025

    MLS# 614149 Listing URL

    Copyright © 2025 Key West Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Iconic Key West Bar & Liquor

    This is an opportunity to purchase an iconic bar and liquor store in Key West. The property includes an indoor bar and adjoining liquor store in a 2,396 square foot CBS building, featuring men's and women's restrooms, an office, and storage. The building also has a drive-through pickup window for beer, wine, and liquor. There is also a 1,588 square foot covered outdoor bar suitable for entertaining, weddings, special events, and parties, along with bar and table seating and a separate small office/storage building. The business holds a full, unrestricted, and transferable 5-COP liquor license that includes tobacco and retail beverage sales with no food requirement. The bar and liquor store are popular with both tourists and locals. The current bar hours are from 7 am until 4 am, 7 days per week. The HNC -1 Zoning allows Restaurants and likely Food Trucks for added income. Major repairs include a new AC unit, a new bar, all new water lines and plumbing upgrades. A new roof was installed in 2022. There is an existing backup propane Generac Generator with automatic transfer. All Furniture, Fixtures and Equipment are included.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Food Market Clothing Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Seaside Cafe at the Mansion, The VIP Gentlemen's Club, Southernmost Point Bar, Milagro Restaurant and Bar, Tipsy Rooster Liquor Store & Bar

    Location Insight

    • Map
    • Local Demand
    City
    Key West
    County
    Monroe
    State
    Florida
    Longitude
    -81.793108
    Latitude
    24.554677

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    FAQs

    What type of property is this?
    Bar - Bar and liquor store with drive-through and unrestricted liquor license.
    Where is this bar located?
    The property is located at 1000-1006 Truman Ave Key West, FL.
    What is the asking price?
    The asking price for this property is $3,900,000.
    What are key features of this property?
    This property features: - Rare opportunity to acquire an iconic bar and liquor store with a drive-through in Key West.; - Includes a full, unrestricted, and transferrable 5-COP liquor license (valued over $1 Million).; - Total asset value (real estate and liquor license) exceeds $3.89 Million.
    (305) 296-1400
    Request Owner's contact information
    1000-1006 Truman Ave Key West, FL 33040
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    Key West, FL 33040
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1000-1006 Truman Ave Key West, FL 33040
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