Sold

Closed

124 Duval Street

Key West FL, 33040

$6,800,000


$1,948.98 per sqft

Sold

Closed

3,489 sqft

Commercial

Built in 1933

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.

599036

MLS ID

January 4, 2022

Listed

October 14, 2024

Updated

Map

124 Duval Street
Key West FL, 33040

Interior Features

Total Stories

2


Interior Features

Smoke Alarms, Furnished, Wet Bar


Fireplace

No


Cooling

Yes


Cooling Description

Heat Pump, Ceiling Fans(s)


Heating

No

Exterior/Building Features

Lot Size

0.08 Acres


Lot Features

None


Roof

Metal Roof, Shingle Roof

School Information

School District

Smallest Bar Inn

Other Property Details

Area Name

02 - Key West


Taxes

$19,214


Tax Frequency

Annually


Association Amenities

None


Garage

No


Parking Total

0


View

Yes


View Description

No Waterview


County

Monroe


Pool

No


Zoning

HRCC(1 - 4) - Hist Res Comm Core 1-4 SF Specl

Listed by Raymond J Capas with Berkshire Hathaway Knight & Gardner
Listing Contact:  

The IDX display contains information sourced from the Florida Keys Board of REALTORS® as of 10/14/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2025 Florida Keys Board of REALTORS® all rights reserved.

Data last updated on 10/14/2024 at 11:51 PM UTC

 

Powered byLuxury Presence