1012 Truman Avenue 6, Key West, FL 33040

$439,000

Golden-Hour Coastal Downtown Streetscape

Vacant Modern Studio with Storefront Win

Property Type: Commercial Sale Baths: 1 Square Footage: 718 Lot Size (sq. ft.): 152,067,350 Status: Active

Current Price: $439,000 List Date: 10/02/2026 Last Modified: 10/05/2026

Overview

Description

Lowest-Priced Commercial Retail Space in Old Town -- Offering an 8% CAP Rate. Positioned along high-visibility Truman Avenue, this commercial condominium delivers exceptional exposure in the heart of Key West, surrounded by a vibrant mix of shops, restaurants, residences, and historic attractions. The flexible space is well suited for retail, professional office, salon, studio, or gallery use. Recent improvements include new flooring, fresh interior paint, and a renovated bathroom, creating a clean, turnkey environment ready for immediate occupancy. Strong pedestrian and vehicle traffic add to the appeal of this established Old Town commercial corridor. HOA is $576/month and includes building insurance, exterior maintenance, and common-area care. An outstanding opportunity for an owner-user or investor seeking an accessible entry point into the Old Town commercial market. Schedule your private showing today.

Listing Details MLS# 620196

Location, Tax & Legal

Street #: 1012
Street Name: Truman
Street Suffix: Avenue
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Subdivision: Old Town - Unrecord (1.0)
County: Monroe
Area: 01 - Key West
KW Neighborhood: Old Town-S of Truman
Unit #: 6
City: KEY WEST
Off Shore Island: No
Mile Marker: 1
Marathon Neighborhood: N/A
Side: Median
Flood Zone: X
Alternate Key #: 9090142
Parcel #: 00031231000600
Zoning: HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med
Legal: Unit 6 Mariposa Condominium Of Key West Or2286-1526/83 Or2315-1641 Or2578-989/90 Or2634-68/69 Or2909-1326/27 Or2915-2139
Taxes: 3582.53
Tax Year: 2025

Contract Information

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

General Property Description

Realtor.COM Type: Commercial
Style: Commercial
Lot SqFt: 152067350
Waterfront: No
Off Street Parking: No
Building SqFt: 718
Living Apx SqFt: 718
Year Built: 1923
Full Baths: Yes
Total Baths: Yes
Control Depth: 0
# Parking Spaces: No

Status Change Info

Contingent: None

License Info

# of City License: Yes
# of County License: Yes

Association Info

Mandatory Home Owners Asc: Yes
Condo Doc's: Yes
1st Right of Refusal: Yes
Assoc Approval Req: Yes
Association Fee $: 516
Assoc/Mnt Fee Per: Monthly

More Information

Property Info

# Washers: Yes
# Dryers: Yes

Auction Info

Auction: No

Financial Status

Bank Owned: No
Potential Short Sale: No

Remarks & Misc

Remarks – Consumer: Lowest-Priced Commercial Retail Space in Old Town -- Offering an 8% CAP Rate. Positioned along high-visibility Truman Avenue, this commercial condominium delivers exceptional exposure in the heart of Key West, surrounded by a vibrant mix of shops, restaurants, residences, and historic attractions. The flexible space is well suited for retail, professional office, salon, studio, or gallery use. Recent improvements include new flooring, fresh interior paint, and a renovated bathroom, creating a clean, turnkey environment ready for immediate occupancy. Strong pedestrian and vehicle traffic add to the appeal of this established Old Town commercial corridor. HOA is $576/month and includes building insurance, exterior maintenance, and common-area care. An outstanding opportunity for an owner-user or investor seeking an accessible entry point into the Old Town commercial market. Schedule your private showing today.

Deed Restrictions

Unknown: Yes

Type

Light Manufacturing: Yes
Office Buildings: Yes
Professional Service: Yes
Retail: Yes
Other Services: Yes

Fee Includes

Bldg Exterior Mnt: Yes
Building Insurance: Yes
Common Area Mnt: Yes

Dockage

None: Yes

Accounts & Meters

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

Appliances

Dryer: Yes
Washer: Yes
No Appliances: Yes

Cooling

Ceiling Fans(s): Yes
Central Air: Yes

Heating

Electric: Yes

Waterfront

None: Yes

Electric

220 Volt: Yes
Circuit Breakers: Yes

Waterview

No Waterview: Yes

Floor

Laminate: Yes
Tile: Yes

Interior Features

Laundry Room: Yes
Smoke Alarms: Yes

Windows/Doors

Glass Doors: Yes
Other Windows/Doors: Yes

Construction

Frame: Yes

Land Size

None: Yes

Terms

Buyer Obtain Finance: Yes
Seller Finance Psble: Yes

Utilities

Buyer to Verify: Yes
FKAA: Yes
Municipal Sewer: Yes
Separate Meters: Yes

Title

Negotiable: Yes

Property Rights

Multi-Use/Commercial: Yes
Other/See Remarks: Yes

Miscellaneous

High Traffc Location: Yes
High Visibility: Yes
Highway Frontage: Yes
Security System: Yes
Sprinkler System: Yes

Roof

Metal Roof: Yes

Shutters

Panel: Yes
Storm Shutters: Yes
Other: Yes

Tenant Paid

Cable: Yes
Electric: Yes
Garbage: Yes
Sewer: Yes
Water: Yes

Property Features

Deed Restrictions: Unknown Type: Light Manufacturing; Office Buildings; Professional Service; Retail; Other Services Waterfront: None Waterview: No Waterview Dockage: None Cooling: Ceiling Fans(s); Central Air Utilities: Buyer to Verify; FKAA; Municipal Sewer; Separate Meters Interior Features: Laundry Room; Smoke Alarms Appliances: Dryer; Washer; No Appliances Miscellaneous: High Traffc Location; High Visibility; Highway Frontage; Security System; Sprinkler System Construction: Frame Electric: 220 Volt; Circuit Breakers Shutters: Panel; Storm Shutters; Other Floor: Laminate; Tile Roof: Metal Roof Land Size: None Fee Includes: Bldg Exterior Mnt; Building Insurance; Common Area Mnt Terms: Buyer Obtain Finance; Seller Finance Psble Title: Negotiable Tenant Paid: Cable; Electric; Garbage; Sewer; Water Property Rights: Multi-Use/Commercial; Other/See Remarks

Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty

Last Updated: October - 05 - 2026

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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