$2,010,000
Key West, FL 33040
MLS# 612380
Status: Closed
3 baths | 3991 sqft
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Property Description
ABSOLUTE PRIME LOCATION: freestanding multi-tenant CBS building perfectly located in the very heart of the busy White St commercial corridor on the NE corner of White and Virginia St, and directly across White St from the iconic Sandy's Cafe and across Virginia St from equally iconic Fausto's Food Palace. This 3,991 SF CBS building is currently configured for three retail tenants and is an excellent investment opportunity, ideal for a 1031 Exchange. Two of the 3 tenants front White St (both leases expire Spring 2026). The third, approximately 1500 SF back space's lease recently expired, and sits freshly painted and empty for ease of showing and is available. The back space fronts Virginia St. (the entrance address is 1203 Virginia). The building has outstanding corner visibility for vehicles, bikes, and pedestrians for retail/commercial tenants on one of the busiest commercial corridors and signalized intersections in Old Town Key West. Truly an Old Town steal at $525 PSF at list price, given the top-notch condition of the building and its prime location.
Details
Maps
Documents
Contract Information
Current Price: $2,010,000
Listing Date: 2024-11-21
Listing Board: Key West Association
Leased Price Monthly: $2,010,000
Limited Representation: No
As is Rght to Inspct: Yes
For Sale/Lease: For Sale
Potential Short Sale: No
Bank Owned: No
Location, Tax & Legal
Street #: 1021-1025
Street Name: White
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Subdivision: Webb Realty Co Sub (1.0)
County: Monroe
Area: 02 - Key West
General Property Description
Realtor.COM Type: Commercial
Style: Commercial
Lot Size: 4775
Lot SqFt: 4775
Waterfront: No
# Parking Spaces: 1
Off Street Parking: Yes
# Stories: 2
Total # Buildings: 1
Building SqFt: 3991
SqFt Source: Tax Records
Living Apx SqFt: 3991
Total Units: 3
Year Built: 1947
Half Baths: 3
Total Baths: 3
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Appliances
Other: None
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Under Contract Date: 2025-02-21
Leased Date: 2025-06-13
Leased Price Monthly: $2,010,000
Status: Closed
Property Features
Type: Grocery/Convenience; Office Buildings; Professional Service; Retail; Shop/Strip Center
Waterfront: None
Waterview: No Waterview
Dockage: None
Vehicle Storage: Off Street Parking
Cooling: Heat Pump; Wall/Window Unit(s)
Heating: Ductless; Heat Pump
Utilities: FKAA; Municipal Sewer
Construction: CBS; Stucco
Shutters: Storm Shutters
Floor: Tile; Wood
Land Size: Less Than 1/4 Acre
Fee Includes: None
Tenant Paid: Electric; Garbage; Insurance; Taxes; Tnt Pays Other Utils; Water
Property Rights: Multi-Use/Commercial
Roof Inspection 
MCPA Parcel Aerial Outline 
Listing Office: Truman & Co. (KW)
Last Updated: June - 13 - 2025
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