Skip To Content

124 Duval Street

Key West, FL 33040
  • $7,200,000
  • STATUS: Active
  • ON SITE: 23 Days
  • MLS #: 599036
UPDATED: 57 min ago
$7,200,000
  • 0
    BEDS
  • 0.08
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,489
    SQFT
  • $2,064
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1933
County:

School Ratings & Info

Description

Old Town, Circa late 1800's Historically recognized Building, Mixed Commercial Use property. Lower prime 100 block of Duval Street, owner-operated Bar & Guesthouse operation...plus... separate cafe & franchised ice cream store leasehold rental income stream. Operated as the infamous SMALLEST BAR IN KEY WEST & the SMALLEST BAR INN. - - The guesthouse with a 40+ year track record, operates with (5) licensed transient units, one of which is sized as a large two bedroom, two bath unit. - - The long established bar operation with a 22 year track record, does extremely well tucked into an alley way, set back just 20' from the sidewalk creating its charm & fame. A Google search of the SMALLEST BAR IN KEY WEST will best describe its notoriety .....The combination of transient units with the bar operation generates a significant gross income for its overall size.Additionally, both the 40 seat cafe and street side ice cream parlor leaseholds, generate an additional $100,000+, steady annual income.- - Located on Lower Duval Street, half a block down from Sloppy Joe's & Captain Tony's Saloon; dead center within the high pedestrian traffic flow of the famed Key West Entertainment District. Short walk for arriving cruise ship passengers & the late afternoon Mallory Square Sunset revelers.- - The bar serves full alcohol & package under a valuable 5-Cop (S) Liquor License available only to the limited number of Inns operating within an Historic Structure. Bar income tied to a % of room sales. License is renewable annually with the State for a reasonable fee & and must remain with the property upon a sale. - - The small size of the overall operation requires very few employees.- - - Perfect mixed use property for an Owner/ Operator desiring an established bar & guesthouse business, with two additional commercial lease revenues.

Monthly Payment Calculator



The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Better Homes and Gardens Real Estate / Destinations are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.yourfloridakeyshome.com/homes/124426530
Print Image

124 Duval Street Key West, FL 33040

  • Price: $7,200,000
  • Status: Active
  • On Site: 23 Days
  • Updated: 57 min ago
  • MLS #: 599036
0
Beds
0
Baths
0
½ Baths
0.08
Acres
3,489
SQFT
$2,064
$/SQFT
1933
Built
Neighborhood:
Old Town-N Of Truman
County:
Monroe
Area:
02 - Key West
Property Description
Old Town, Circa late 1800's Historically recognized Building, Mixed Commercial Use property. Lower prime 100 block of Duval Street, owner-operated Bar & Guesthouse operation...plus... separate cafe & franchised ice cream store leasehold rental income stream. Operated as the infamous SMALLEST BAR IN KEY WEST & the SMALLEST BAR INN. - - The guesthouse with a 40+ year track record, operates with (5) licensed transient units, one of which is sized as a large two bedroom, two bath unit. - - The long established bar operation with a 22 year track record, does extremely well tucked into an alley way, set back just 20' from the sidewalk creating its charm & fame. A Google search of the SMALLEST BAR IN KEY WEST will best describe its notoriety .....The combination of transient units with the bar operation generates a significant gross income for its overall size.Additionally, both the 40 seat cafe and street side ice cream parlor leaseholds, generate an additional $100,000+, steady annual income.- - Located on Lower Duval Street, half a block down from Sloppy Joe's & Captain Tony's Saloon; dead center within the high pedestrian traffic flow of the famed Key West Entertainment District. Short walk for arriving cruise ship passengers & the late afternoon Mallory Square Sunset revelers.- - The bar serves full alcohol & package under a valuable 5-Cop (S) Liquor License available only to the limited number of Inns operating within an Historic Structure. Bar income tied to a % of room sales. License is renewable annually with the State for a reasonable fee & and must remain with the property upon a sale. - - The small size of the overall operation requires very few employees.- - - Perfect mixed use property for an Owner/ Operator desiring an established bar & guesthouse business, with two additional commercial lease revenues.
Exterior Features

Construction Frame Dockage None Land Size None Lot Size 36' X 100' Off Street Parking 0 Parking Spaces 0 Roof Metal RoofShingle Roof Side N/A Style Commercial Waterfront None Waterfront YN No Waterview No Waterview

Interior Features

Appliances Other Under Counter Refrig Cooling Heating Ceiling FansCombination A/C Interior Features FurnishedSmoke AlarmsWet Bar Net Leasable Area 3489.00

Property Features

Assoc Approval Req No Assoc Hoa YN No Assoc Right Of Refusal No Bank Owned No Bank Owned Financial Status No Business Name Smallest Bar Inn City Key West Commercial Type Apartment 3 Or MoreHotel/MotelRestaurant Control Depth 0 Deed Restrictions No Electric Meters 8 Fee Includes None Fema List No Flood Zone Ae Key West Neighborhood Old Town-N Of Truman License Info Other/See RemarksSrx (Non-Transferab) Listing Board Key West Association Mile Marker 1.00 Off Shore Island No Potential Short Sale No Potential Short Sale Financial Status No Property Info License Included Property Rights Beverage LicenseMulti-Use/CommercialTransient License Property Type Commercial Sq Ft Source Tax Records Tax Year 2021 Taxes 19213.80 Terms No Seller Finance Title Negotiable Total Units 0.00 Utilities FkaaMunicipal SewerSeparate Meters Water Meters 2 Year Established 1989-12-31 Zoning Hrcc(1 - 4) - Hist Res Comm Core 1-4 Sf Specl

Listing courtesy of Raymond J Capas of Berkshire Hathaway Knight & Gardner Realty.


The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Better Homes and Gardens Real Estate / Destinations are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
https://bt-photos.global.ssl.fastly.net/flkeys/orig_boomver_1_599036-2.jpg https://bt-photos.global.ssl.fastly.net/flkeys/orig_boomver_1_599036-2.jpg https://bt-photos.global.ssl.fastly.net/flkeys/orig_boomver_1_599036-2.jpg
Logo
Better Homes and Gardens Real Estate / Destinations
99353 Overseas Hwy
Key Largo FL, 33037