1028 Truman Ave - Storefront Retail/Residential FOR SALE


Key West, FL 33040
$2,795,000 USD
305-395-1777
1028 Truman Ave, Key West, FL for Sale
$2,795,000 USD
Storefront Retail/Residential - FOR SALE
1/45
null | Request Cap Rate

1028 Truman Ave
Key West, FL 33040


HIGHLIGHTS

  • 4 UNITS TOTAL - 2 Separate Buildings - 1 Commercial Building, 1 Residential Duplex
  • HIGH TRAFFIC AREA - Busy Truman Ave/US Hwy 1 in Old Town Key West
  • NEW CONSTRUCTION - Built to Current Building Codes in 2021, Impact Windows/Doors, Elevator, Flood Gates
  • PERFECT SPOT TO LIVE/WORK - Rare in Key West
  • X FLOOD ZONE - Low Insurance Cost
  • GREAT RENTAL INCOME

OVERVIEW

Prime Mixed-Use Investment Opportunity in Key West! Built in 2021 to current building codes, this exceptional 4 unit commercial and residential compound is a rare find in the heart of Key West. A perfect 1031 Exchange candidate, this versatile property includes 2 licensed townhouse residences and 2 licensed commercial units, offering excellent income potential and flexibility. The commercial building, positioned street-side, is a two-story frame structure with high visibility on Truman Avenue. The ground floor offers approximately 1,112 square feet of open commercial space, while the second floor spans approximately 800 square feet and features a 30-foot-wide balcony overlooking Truman Avenue. An ADA-compliant elevator provides easy access to the second floor. Both levels include fully ADA-compliant restrooms, nine-foot-high ceilings, recessed lighting, ceiling fans, central air conditioning, washer and dryer hookups, and are pre-wired and plumbed for refrigerators and sinks. At the rear of the property, the residential portion consists of a two-story, common-wall duplex, with each unit offering approximately 1,015 square feet of living space. Designed for comfort and style, each unit features two bedrooms and two and a half bathrooms, vaulted ceilings in the upstairs bedrooms, spacious island kitchens, tile flooring, and private shaded rear decks. The property is thoughtfully designed with a beautifully landscaped common courtyard that separates the commercial and residential buildings, enhancing privacy and curb appeal. This turnkey mixed-use property presents a rare opportunity to own a high-quality, income-producing asset in one of Key West's most desirable locations. Don't miss out on this exceptional investment! *Note: 3D Tour is only of the 2 residential units.*

FOR SALE DETAILS

PRICE

$2,795,000 USD

PRICE/SF

$696 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

1028-1030 Truman Ave.- MIXED-USE IN KEY WEST

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

undefined, Storefront, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,053 SF

ZONING

HNC-1

APN/PARCEL ID

00033280-000000

ASK ABOUT THIS PROPERTY

Raymond VazquezTruman & Co.More Info
305-395-1777

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Raymond VazquezTruman & Co.More Info
305-395-1777

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