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$1,250,000
Key West, FL 33040
MLS# 620301
1 baths
1 / 14
Property Description
Rare opportunity to own two adjoining commercial condominium units on First Street, offered together as a single income-producing package in a central Key West location. Unit 3 consists of 233 SF and is fully leased, providing immediate income and strong in-place cash flow. The space is enhanced by a custom patio and tiki area. Unit 2 offers 1,160 SF of office space with five private offices and a restroom, making it ideal for an owner-user, professional office, or an investor seeking additional rental income. Whether you're looking for an investment, owner-user opportunity, or both, this versatile property offers flexibility and income in one of Key West's most accessible commercial corridors.
Details
Maps
Contract Information
Listing Board: Key West Association
Limited Representation: No
Potential Short Sale: No
Bank Owned: No
Current Price: $1,250,000
Listing Date: 2026-06-17
List Price: $1,250,000
Location, Tax & Legal
KW Neighborhood: New Town
City: KEY WEST
Mile Marker: 2
Marathon Neighborhood: N/A
Side: N/A
Alternate Key #: 9105521
Parcel #: 00045101-000102
Zoning: CL - Limited Commercial
Taxes: 9899.52
Tax Year: 2025
Street #: 1421
Street Name: First
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Subdivision: New Town - Unlisted (2.0)
County: Monroe
Area: 03 - Key West
General Property Description
Realtor.COM Type: Commercial
Waterfront: No
Control Depth: 0
Lot Size: Irregular
Lot SqFt: 2405
SqFt Source: Property Data Card
Building SqFt: 1393
Style: Commercial
Year Built: 1948
Half Baths: 1
Total Baths: 1
Remarks & Misc
Remarks – Consumer: Rare opportunity to own two adjoining commercial condominium units on First Street, offered together as a single income-producing package in a central Key West location.
Unit 3 consists of 233 SF and is fully leased, providing immediate income and strong in-place cash flow. The space is enhanced by a custom patio and tiki area.
Unit 2 offers 1,160 SF of office space with five private offices and a restroom, making it ideal for an owner-user, professional office, or an investor seeking additional rental income.
Whether you're looking for an investment, owner-user opportunity, or both, this versatile property offers flexibility and income in one of Key West's most accessible commercial corridors.
Association Info
Mandatory Home Owners Asc: Yes
1st Right of Refusal: No
Type
Office Buildings: 1
Retail: 1
Other Services: 1
Fee Includes
Other: 1
Dockage
None: 1
Waterfront
None: 1
Waterview
No Waterview: 1
Construction
CBS: 1
Land Size
Less Than 1/4 Acre: 1
Utilities
FKAA: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Status: Active
Property Features
Type: Office Buildings; Retail; Other Services
Waterfront: None
Waterview: No Waterview
Dockage: None
Utilities: FKAA
Construction: CBS
Land Size: Less Than 1/4 Acre
Fee Includes: Other
Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty
Last Updated: June - 17 - 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.