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$1,830,000

816 Duval Street
Key West, FL 33040
MLS# 614898
Status: Closed
2 baths | 2695 sqft

Property Description
Property closed as a 3 year lease with 2 1- year options to renew and right to purchase at any time along the way; $750,000 key money down, $30,000 per month (NNN); tenant pays all expenses. Tenant has option to buy based on a $5,150,000 purchase price; Key money and monthly lease payments reduce amount owed to Lessor/Seller if/when Lessee/Buyer decides to purchase.

Details

Maps

Contract Information

Current Price: $1,830,000

Listing Date: 2025-05-02

Listing Board: Key West Association

Leased Price Monthly: $1,830,000

Limited Representation: Yes

Potential Short Sale: No

Bank Owned: No

Location, Tax & Legal

Street #: 816

Street Name: Duval

Street Suffix: Street

Key/Island: Key West

State/Province: FL

Zip Code: 33040

Subdivision: Old Town - Unrecord (1.0)

County: Monroe

Area: 01 - Key West

General Property Description

Realtor.COM Type: Commercial

Style: Commercial

Lot Size: 47x90

Lot SqFt: 4470

Waterfront: No

Control Depth: 14

Building SqFt: 2695

Living Apx SqFt: 2695

Year Built: 1928

Half Baths: 2

Total Baths: 2

Status Change Info

Under Contract Date: 2025-05-02

Leased Date: 2025-05-02

Leased Price Monthly: $1,830,000

Sold Comments: Sold Price represents Down Pmt and 3 Yr Lease Pmts

Status: Closed

Association Info

Mandatory Home Owners Asc: No

1st Right of Refusal: No

Financial Status

Bank Owned: No

Potential Short Sale: No

Property Features

Type: Bar; Restaurant

Waterfront: None

Waterview: No Waterview

Dockage: None

Utilities: FKAA; Municipal Sewer; Propane

Appliances: Dishwasher; Disposal; Dryer; Range; Refrigerator; Trash Compactor; Washer

Construction: Frame

Land Size: Less Than 1/4 Acre

Fee Includes: None

Listing Office: Truman & Co. (KW)

Last Updated: May - 05 - 2025

The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.