1000-1006 Truman Ave - Bar FOR SALE


Key West, FL 33040
$4,750,000 USD
305-304-0084
1000-1006 Truman Ave, Key West, FL for Sale
$4,750,000 USD
Bar - FOR SALE
1/36
null | Request Cap Rate

1000-1006 Truman Ave
Key West, FL 33040


HIGHLIGHTS

  • Iconic and Landmark Indoor and Outdoor Bar & a Liquor Store with a Drive Through!
  • Full, unrestricted & transferrable 5-COP Liquor License that includes Tobacco & Retail Beverage
  • Several major repairs include new AC unit, new Bar and plumbing

OVERVIEW

Buy a Bar & Liquor Store in Key West! Dons' Place is the opportunity to purchase an Iconic and Landmark Indoor and Outdoor Bar & a Liquor Store with a Drive Through! This package is rarely available in Key West or anywhere in the Keys. Big bonus is that is includes a very valuable, full, unrestricted & transferrable 5-COP Liquor License that includes Tobacco & Retail Beverage with no food requirement! BEV 5400161. The Indoor Bar and adjoining Liquor Store are in the main corner, CBS 2,396 sf. building along with men's and women's restrooms, office & storage. The building also operates maybe the only drive through, pick up window for Beer, Wine and Liquor left in the Keys! Several major repairs include new AC unit, new Bar and plumbing. New roof in 2022. There is an assuring backup propane Generac Generator with automatic transfer. All Furniture, Fixtures and Equipment included. Outside is another 1,588 sf. covered outdoor Bar for entertaining, weddings, special events and parties. There is bar and table seating and a separate small office/storage building. The Bar and Liquor store are popular with both tourists and locals. The business is family managed with absentee owners and a few long time employees. The Bar and Liquor Store are a money making operation with so many opportunities for growth for a new owner. Current Bar hours are 7am until 4am, 7 days per week. Same absentee owners since 1998 and first time listed for sale. Sellers may consider Seller financing to a Qualified Buyer at Sellers discretion.

FOR SALE DETAILS

PRICE

$4,750,000 USD

PRICE/SF

$1,724 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dons' Place Bar & Liquor Store in Key West

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bar

ADD'L SUBTYPES

Convenience Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,932 SF

ZONING

HNC(1-3)

APN/PARCEL ID

00031260-000000

ASK ABOUT THIS PROPERTY

Curtis A. Skomp, CCIMLoopnet LeadMore Info
305-304-0084

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Curtis A. Skomp, CCIMLoopnet LeadMore Info
305-304-0084

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.