Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1000 Truman Ave Key West, FL 33040

    New
    For Sale
    $2,999,000

    Apartment 3 or more,Retail,Shop/Strip Center,Restaurant,Office Buildings,Hotel/Motel

    Days on Market:
    1
    Last Refresh:
    Dec 5 at 10:06 pm

    Property Features for 1000 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
    Appliances
    None

    Building Details

    Year built
    1944
    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 Dec 5, 2025

    MLS# 617611 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

    Prime Corner Location on Truman

    Located on a prime corner with excellent visibility on Truman Ave, this real estate offering includes two parcels at 1000 and 1006 Truman Ave, totaling 104.75 feet on Truman Ave and 113 feet deep. The 2024 County Just Market Values for the two parcels exceed $2.8 Million. The existing corner CBS building spans 2,396 square feet and features an indoor bar, men's and women's restrooms, an office and storage area, plus a drive-through liquor store. The drive-through and current bar business may be grandfathered for potential uses. The property has undergone several major repairs, including a new AC unit, new bar, all new water lines, and plumbing upgrades. A new roof was installed on the corner building in 2022. Additionally, there is 1,588 square feet of covered outdoor bar space with an outdoor entertainment area. Zoned HNC -1, the property allows for various commercial uses, including transient residential, hotels, multi-family residential, single-family residential, business and professional offices, parking lots, and medical services. Restaurants are a conditional use. The property has been under the same absentee ownership since 1998 and is listed for sale without the business or liquor license.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dons' Place Convenience Store Million Dollar Bar Bar

    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
    -81.793111
    Latitude
    24.554676

    Nearby Similar for Sale

    • New
      $979,000
      1,634 SF

      Key West Multi-Family Property

      Income-producing Key West property with renovated detached unit.
      1925 Fogarty Ave, Key West, FL 33040
      View Details
    • New
      $1,199,000
      2,664 SF

      Key West Duplex on Large Lot

      Legal duplex on a spacious corner lot in Key West.
      1409 4Th St, Key West, FL 33040
      View Details
    • $560,000

      Turnkey Office Condo in Old Town

      Renovated 665 SF office condo in Key West.
      812 Fleming St, Key West, FL 33040
      View Details
    • $2,999,999

      Key West Mixed-Use Investment Property

      Fully rented mixed-use property in the heart of Old Town.
      405 Petronia St, Key West, FL 33040
      View Details
    • $2,999,999
      1,596 SF

      Key West Mixed-Use Income Property

      Fully rented mixed-use property in the heart of Old Town.
      405 Petronia St, Key West, FL 33040
      View Details
    • $11,500,000

      Boutique Guesthouse in Old Town

      Historic Key West guesthouse with 15 deluxe rooms.
      412 Frances St, Key West, FL 33040
      View Details

    FAQs

    What type of property is this?
    Bar - Commercial property with high visibility and development potential.
    Where is this bar located?
    The property is located at 1000 Truman Ave Key West, FL.
    What is the asking price?
    The asking price for this property is $2,999,000.
    What are key features of this property?
    This property features: - Prime corner location on Truman Ave with high visibility and HNC-1 zoning allowing for a wide range of commercial uses.; - Two parcels totaling 104.75' on Truman Ave and 113' deep, with a combined 2024 County Just Market Value exceeding $2.8 Million.; - Existing 2,396 sq ft CBS building with indoor bar, restrooms, office/storage, and a drive-through.
    (305) 296-1400
    Request Owner's contact information
    1000 Truman Ave Key West, FL 33040
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1000 Truman Ave
    Key West, FL 33040
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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 Truman Ave Key West, FL 33040
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.