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