513 Truman Avenue, Key West, FL 33040 (MLS# 621449)

513 Truman Avenue, Key West, FL 33040

$1,850,000
Property Type: Commercial Sale Bedrooms: 2 Baths: 6 Square Footage: 2,604 Lot Size (sq. ft.): 3,852 Status: Active
Current Price: $1,850,000 List Date: 9/30/2026 Last Modified: 9/30/2026

Overview

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 vacant. It could easily accommodate numerous commercial tenants. Upstairs are two apartments including a one bedroom one bath and a large studio. Both residential units have modern finishes including full kitchen, 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.

Listing Details MLS# 621449

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

Contract Information

Listing Board
Key West Association
Limited Representation
No
Potential Short Sale
No
Bank Owned
No

General Property Description

Realtor.COM Type
Commercial
Style
Commercial
Lot SqFt
3852
Waterfront
No
# Parking Spaces
2
Off Street Parking
2
# Stories
2
Building SqFt
2604
SqFt Source
Tax Records
Living Apx SqFt
2604
Total Units
3
Year Built
1913
Total Bedrooms
2
Full Baths
4
Half Baths
2
Total Baths
6

Association Info

Mandatory Home Owners Asc
No
1st Right of Refusal
No

Property Info

# Efficiencies
Yes
# Range/Ovens
2
# Washers
Yes
# Dryers
Yes
1 Bed/Bath
Yes

More Information

Vehicle Storage

Car(s)
3

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: Central Air Utilities: FKAA; Municipal Sewer Interior Features: Laundry Room; Smoke Alarms; Window Treatments 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
Listing Office: Preferred Properties (KW)
Last Updated: September - 30 - 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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