1000-1006 Truman Avenue, Key West, FL 33040

$2,900,000

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Property Type: Commercial Sale Baths: 2 Square Footage: 2,756 Lot Size (sq. ft.): 11,837 Status: Closed

Current Price: $2,900,000 List Date: 6/30/2026 Last Modified: 10/06/2026

Overview

Description

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. Monroe County Liquor Licenses are valued well over $1 Million and 2025 County Appraised Value of the two real estate parcels is over $2.7Million. Total Asset value alone is over $3.8 Million, not including business value. Two parcels of land total 11,836 sf. at corner of Truman & Grinnell Streets. 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 m ... (Read more)

Listing Details MLS# 614149

Location, Tax & Legal

Street #: 1000-1006
Street Name: Truman
Street Suffix: Avenue
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Subdivision: Old Town - Unlisted (1.0)
County: Monroe
Area: 02 - Key West
KW Neighborhood: Old Town-S of Truman
City: KEY WEST
Mile Marker: 1
Marathon Neighborhood: N/A
Side: N/A
Flood Zone: 0.2 PCT ANNUAL CHANC
Alternate Key #: 1032051
Add'l Parcel #1: 00031250-000000
Parcel #: 00031260-000000
Zoning: HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med
Legal: KW G G WATSON SUB I-209 ALL OF LOT 4 & PT LOT 5 SQR 3 TR 13 G16-2 OR290-371/73 OR750-364 OR1349-2111 OR1528-2195/96
Taxes: 20670
Tax Year: 2025

Contract Information

Listing Board: Key West Association
Limited Representation: No
As is Rght to Inspct: Yes
For Sale/Lease: For Sale
Potential Short Sale: No
Bank Owned: No

General Property Description

Realtor.COM Type: Commercial
Style: Commercial
Lot SqFt: 11836.75
Waterfront: No
Business Name: Dons' Place
Year Established: 1998-07-24
# Parking Spaces: several
Off Street Parking: yes
# Stories: Yes
Total # Buildings: 2
Building SqFt: 2756
SqFt Source: Tax Records
Living Apx SqFt: 2756
Total Units: 2
Year Built: 1994
Half Baths: 2
Total Baths: 2
Control Depth: 0

Status Change Info

Under Contract Date: 2026-08-06
Sold Date: 2026-10-06

License Info

# of City License: 2
# of County License: Yes
5-Cop (Transferable): Yes

Association Info

Mandatory Home Owners Asc: No
Voluntary Home Owners Asc: No
1st Right of Refusal: No

More Information

Auction Info

Auction: No
Deposit Required: No

Financial Status

Bank Owned: No
Potential Short Sale: No

Remarks & Misc

Remarks – Consumer: 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. Monroe County Liquor Licenses are valued well over $1 Million and 2025 County Appraised Value of the two real estate parcels is over $2.7Million. Total Asset value alone is over $3.8 Million, not including business value. Two parcels of land total 11,836 sf. at corner of Truman & Grinnell Streets. 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, all new water lines and plumbing upgrades. New roof in 2022. There is an existing backup propane Generac Generator with automatic transfer not working. 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. Current Bar hours are 7am until 4am, 7 days per week. The Bar and Liquor Store are a money making operation with so many opportunities for growth for a new owner. Currently there is no food service on site, only pre-packaged snacks sold, but HNC -1 Zoning allows many commercial and residential uses & likely Food Trucks for added income. Same absentee owners since 1998 and first time listed for sale.
Directions: Southeast Corner of Truman Ave. and Grinnell Street.

Type

Bar: Yes
Retail: Yes

Fee Includes

None: Yes

Dockage

None: Yes

Accounts & Meters

# Sewer Accounts: Yes
# Water Meters: Yes
# Electric Meters: 2

Appliances

No Appliances: Yes

Cooling

Central Air: Yes

Waterfront

None: Yes

Electric

Other Electric: Yes

Waterview

No Waterview: Yes

Floor

Other: Yes

Interior Features

Furnished: Yes
Wet Bar: Yes

Windows/Doors

Other Windows/Doors: Yes

Vehicle Storage

Off Street Parking: Yes

Construction

CBS: Yes
Frame: Yes

Land Size

1/4 - 1/2 Acre: Yes

Terms

Seller Finance Psble: Yes

Utilities

FKAA: Yes
Municipal Sewer: Yes

Property Rights

Beverage License: Yes

Miscellaneous

High Traffc Location: Yes
High Visibility: Yes

Roof

Other Roof: Yes

Property Features

License Info: 5-Cop (Transferable) Type: Bar; Retail Waterfront: None Waterview: No Waterview Dockage: None Vehicle Storage: Off Street Parking Cooling: Central Air Utilities: FKAA; Municipal Sewer Interior Features: Furnished; Wet Bar Appliances: No Appliances Miscellaneous: High Traffc Location; High Visibility Construction: CBS; Frame Electric: Other Electric Floor: Other Roof: Other Roof Land Size: 1/4 - 1/2 Acre Fee Includes: None Terms: Seller Finance Psble Property Rights: Beverage License

Listing Office: RE/MAX Keys Connection (KW)

Last Updated: October - 06 - 2026

Broker Attribution: cskomp@remax.net

The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.

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