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    1011 Truman Ave Key West, FL 33040

    New
    For Sale
    $1,625,000

    Office Buildings,Retail,Professional Service - Key West, FL

    Days on Market:
    5
    Last Refresh:
    Dec 6 at 9:06 am

    Property Features for 1011 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, Bathroom 3, Bedroom 1, Bedroom 2
    Bedrooms
    2
    Bathrooms
    3
    APN
    00021000-000100
    Parking features
    Covered
    Appliances
    Dishwasher, Dryer, Range, Refrigerator, Washer

    Utilities

    Cooling system
    Ceiling Fan(s)

    Building Details

    Year built
    1953
    Floors in Building
    2
    Flooring type
    Tile
    Roof type
    Metal
    Architectural style
    Other

    Berkshire Hathaway Keys Real Estate | Knight & Gardner Realty (305) 294-5155 [email protected]

    Listing agent Team Gardner/Langley (305) 294-5155 License #BK612006

    Listing date Dec 2, 2025

    MLS# 617055 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

    Versatile Mixed-Use Property in Key West

    Located in Old Town Key West, 1011 Truman Avenue presents a versatile opportunity. The property is currently configured as three legal units and includes one covered off-street parking space. Situated in the desirable X-Flood Zone, the property offers flexibility for guests or multi-generational living. The ground floor features a 795 sq. ft. space with an industrial feel and a half bath, suitable for additional living, entertaining, or hobby space. Additionally, there is a 416 sq. ft. one-bedroom unit with a full bath and kitchenette hookups, ideal for an efficiency or guest suite. Upstairs, a 720 sq. ft. one-bedroom, one-bath loft offers open living and dining areas, a partitioned bedroom, a master bath, a full kitchen, and a private covered patio. The property's zoning is HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med. The spaces create an opportunity to design a large Old Town Key West residence with flexible layouts for guests, extended family, or live/work use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Attorney John Marston General Practice Attorney

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Key West
    County
    Monroe
    State
    Florida
    Longitude
    -81.793079
    Latitude
    24.55515

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    FAQs

    What type of property is this?
    Mixed-use property - Old Town Key West property with flexible residential/commercial options.
    Where is this mixed-use property located?
    The property is located at 1011 Truman Ave Key West, FL.
    What is the asking price?
    The asking price for this property is $1,625,000.
    What are key features of this property?
    This property features: - Flexible Old Town property configured as three legal units, ideal for multi-generational living, guests, or live/work use.; - Located in the desirable X-Flood Zone.; - **Features a stunning 720 sq. ft. one-bedroom loft with private covered patio, full kitchen, and beautiful master bath.**
    (305) 294-5155
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    1011 Truman Ave 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
    1011 Truman Ave Key West, FL 33040
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