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$2,900,000
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Property 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.
Full Property Details
Full Property Details for 1000-1006 Truman Ave
General
- Sold For: $2,900,000
- Taxes: $20,670 (2025)
- Status: Closed
- Type: Commercial
- Source: 927
- MLS ID: 614149
- Added to Site: 576 day(s) ago
Business
- Name: Dons' Place
Interior
- Interior Features: Wet Bar, Furnished
- Appliances: No Appliances
- Flooring: Other
Rooms
Bathrooms
- Total Bathrooms: 2
- Half Bathrooms: 2
Parking
- Parking Features: Off Street
Location
- Area: 02 - Key West
- County: Monroe
- Subdivision: Old Town - Unlisted (1.0)
- Driving Directions: Southeast Corner of Truman Ave. and Grinnell Street.
Community
- Assoc. Fees Include: None
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
Utilities
- # Water Meters: 1
- # Electric Meters: 2
Structural Information
- # Buildings: 2
- Construction: CBS, Frame
- Roof: Other
- Windows/Doors: Other Windows/Doors
- Stories/Levels: 1
- Square Feet: 2,756
- Sq. Ft. Source: Tax Records
- Year Built: 1994
Unit Information
- Units in Building: 2
Lot Features
- Property View: No Waterview
- Lot Size (Acres): 0.27
- Lot Size (Sq. Ft.): 11,836.75
- Lot Dimensions: 54.25 x 113 & 50.5 x 113
- Zoning: HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med
Water Features
- Water View: Yes
Financial Considerations
- Tax Amount: $20,670
- Tax Year: 2025
- Terms: Owner May Carry
Disclosures and Reports
- Legal Description: 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
- Flood Zone: 0.2 PCT ANNUAL CHANC
- APN: 00031260-000000
Listed and Sold by RE/MAX Keys Connection (KW), Curtis A Skomp, CCIM and RE/MAX Keys Connection (KW), Bobby W Coe IV (305) 363-9665
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Price & Sales History for 1000-1006 Truman Ave
Date
Details
Price
Change
Source
10/06/2026
Sold
$2,900,000
-14.07%
MLS
3/10/2025
Listed
$3,375,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1000-1006 Truman Avenue, Key West, FL 33040 (MLS# 614149) is a Commercial property that was sold at $2,900,000 on October 06, 2026. Want to learn more about 1000-1006 Truman Avenue? Do you have questions about finding other Commercial real estate for sale in Key West? You can browse all Key West real estate or contact a Coldwell Banker agent to request more information.

