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Flexible Retail Space
For Lease
$6,250/Mo

513 Truman Ave, Key West, FL 33040

Open commercial layout with two half bathrooms and on-site parking.

Space SizeContact for details
Days on Market42

Property Features for 513 Truman Ave

General Information

Standard status Active

Additional Details

Divisible Yes

Amenities

two half bathrooms
on-site parking
Listing Agency: Preferred Properties (KW)
Listed By: Key West Sisters
Source: Exprealty
Added: Jul 2 Changed: Aug 9 Last Checked: Aug 11 at 10:08AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Preferred Properties (KW)

Investment Insights

Based on property information with market context.

This retail space at 513 Truman Ave offers over 1,700 square feet in an open configuration that can support retail, gallery, office, professional, or service-based uses, subject to zoning. The premises include two half bathrooms and on-site parking, adding practical convenience for daily operations and visitors.

The property is in Old Town Key West, just steps from Duval Street and near the area’s restaurants, shops, and attractions. The space may be occupied as one larger unit or arranged as two smaller suites, providing flexibility for different business formats. Occupancy is available after August 1st.

Key Highlights

  • Over 1,700 square feet of commercial space
  • Open layout suited to retail, gallery, office, professional, or service‑based uses, subject to zoning
  • Option to lease as one unit or divide into two smaller suites

Property Analytics

Current Use

Tennessee Williams Key ... Tourist Attraction Gay & Lesbian Community ... Association / Organization Tropical Heat Key ... Event Planning Gay Spring Break Hotel & Motel

Suggested Use

Top Pick Dental Office HVAC Service (Bike/Boat/Book/etc) Store Garden Center Carpet & Flooring Store Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,847
Businesses Nearby

Demographics for 33040, FL

35,958
Population
19,001
Households
1.9
Avg Household Size
44
Median Age
38%
College-Educated
92%
High-School Grad
17.7 sq mi
ZIP Area
2,032
Density / Sq Mi
$79,038
Median Household Income
$42,458
Median Earnings
$2,079
Median Rent
$766,400
Median Home Value

Market

Lease Benchmarks for Key West, FL

$76.05 /SF/Yr
Avg Asking Price
$25–$125 /SF/Yr
Price Range
2,207 SF
Avg Space Size

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Open commercial layout with two half bathrooms and on-site parking.
Where is this retail space located?
The property is located at 513 Truman Ave Key West, FL.
What is the lease rate?
The lease rate is $6,250/Mo.
What are key features of this property?
This property features: Over 1,700 square feet of commercial space; Open layout suited to retail, gallery, office, professional, or service‑based uses, subject to zoning; Option to lease as one unit or divide into two smaller suites
More about this property
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