513 Truman Avenue, Key West, FL 33040

$1,700,000
Property Type: Commercial Sale Bedrooms: 2 Baths: 4 Square Footage: 2,604 Lot Size (sq. ft.): 3,852 Status: Contingent/Show
Current Price: $1,700,000 List Date: 4/03/2026 Last Modified: 4/09/2026

Description

This Commercial Residential mixed use building offers an excellent investment or owner operator opportunity. A prime location, 513 Truman has excellent visibility with heavy foot and vehicular traffic. Downstairs is a large commercial space currently used by one tenant. It could easily accommodate numerous commercial tenants. Upstairs are two apaprtments including a one bedroom one bath and a large studio. Both residential units have modern finishes including granite counters, stainless appliances, ample closet space and a shared laundry room. Each unit features a private balcony. The original building was renovated and a large two story addition was built in 2010 which included the two apartments and an addition to the commercial space. There is parking for 2/3 cars tandem style on the side of the building. This versitile property is a rare find.

More Information MLS# 619344

Contract Information

Current Price: $1,700,000 Listing Date: 2026-04-02 Listing Board: Key West Association List Price: $1,700,000 Limited Representation: No Potential Short Sale: No Bank Owned: No

Location Tax Legal

Street #: 513 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

General Property Description

Realtor.COM Type: Commercial Style: Commercial Lot Size: 36 X 107 Lot SqFt: 3852 Waterfront: No Off Street Parking: yes # Stories: 2 Building SqFt: 2604 Living Apx SqFt: 2604 Total Units: 3 Year Built: 1913 Total Bedrooms: 2 Full Baths: 3 Half Baths: 1 Total Baths: 4

Status Change Info

Contingent: Contingent/Show Status: Contingent/Show

Association Info

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

Property Info

# Efficiencies: 1 # Refrigerators: 2 # Range/Ovens: 2 # Washers: 1 # Dryers: 1 1 Bed/Bath: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Property Features

License Info: Non Trans Rntl Lic Type: Other Services Waterfront: None Waterview: No Waterview Dockage: None Vehicle Storage: Off Street Parking Cooling: Ceiling Fans(s); Central Air; Wall/Window Unit(s) Utilities: FKAA; Municipal Sewer Appliances: Dryer; Range; Refrigerator; Washer Construction: Combo Construction Electric: Circuit Breakers Shutters: Panel Floor: Combo; Tile; Wood Roof: Metal Roof Land Size: Less Than 1/4 Acre Fee Includes: None Tenant Paid: Cable; Electric
Listing Office: Preferred Properties (KW)
Last Updated: April - 09 - 2026
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