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1000-1006 Truman Avenue, Key West, FL 33040
$3,500,000
Property Type:
Commercial Sale
Baths:
2
Square Footage:
2,756
Lot Size (sq. ft.):
11,837
Status:
Active
Current Price:
$3,500,000
List Date:
3/13/2025
Last Modified:
3/02/2026
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 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.
More Information MLS# 614149
Contract Information
Current Price: $3,500,000
Listing Date: 2025-03-10
Listing Board: Key West Association
List Price: $3,500,000
Limited Representation: No
As is Rght to Inspct: Yes
For Sale/Lease: For Sale
Potential Short Sale: No
Bank Owned: No
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
General Property Description
Realtor.COM Type: Commercial
Style: Commercial
Lot Size: 54.25 x 113 & 50.5 x 113
Lot SqFt: 11836.75
Waterfront: No
Business Name: Dons' Place
Year Established: 1998-07-24
# Parking Spaces: several
Off Street Parking: yes
# Stories: 1
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
Status Change Info
Status: Active
License Info
# of City License: 2
# of County License: 1
Association Info
Mandatory Home Owners Asc: No
Voluntary Home Owners Asc: No
1st Right of Refusal: No
Auction Info
Auction: No
Deposit Required: No
Financial Status
Bank Owned: No
Potential Short Sale: No
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: March - 02 - 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.
