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$400,000
Key West, FL 33040
MLS# 616485
1 baths | 701.8 sqft
1 / 3
Property Description
Introducing Flagler Center III, a reimagined mixed-use commercial property located in the Key West's New Town district. A strategic rebuild and redesigning of this site is in well on it's way led by Flagler Center III Condominium Association. The project is currently seeking approval for its major development plan, signaling a fresh start for 14 commercial units and the 14 residential units on this building. Location Highlights • Situated on Flagler Avenue, a major east-west artery in Key West • High visibility and traffic counts from both locals and tourists • Proximity to Poinciana Elementary, Key West High School, and residential neighborhoods • Easy access to U.S. Route 1 and Key West International Airport Property Features (Proposed) • Ground-floor retail and office suites • Upper-level residential • Modernized infrastructure and hurricane-resilient design • Ample parking and ADA-compliant access • Landscaped outdoor areas (pending approval) Investment Potential • Ideal for medical offices, retail, professional services, or co-working. • Strong rental demand in Key West's limited commercial inventory • Perfect opportunity to customize the space to your specific needs
Details
Maps
Contract Information
Listing Board: Key West Association
Limited Representation: No
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Species List: No
Current Price: $400,000
Listing Date: 2025-09-13
List Price: $400,000
Location, Tax & Legal
KW Neighborhood: New Town
Unit #: 512
City: KEY WEST
Off Shore Island: No
Mile Marker: 3
Marathon Neighborhood: N/A
Side: N/A
Flood Zone: AE
Alternate Key #: 8876084
Add'l Parcel #1: N/A
Parcel #: 00052870-000312
Add'l Parcel #2: N/A
Bldg Nbr: 3
Zoning: RO - Residential/Office
Legal: FLAGLER CENTER III, A CONDOMINIUM UNIT 512 & 3.5714% COMMON ELEMENTS OR1396-66
Taxes: 1288.6
Tax Year: 2024
Street #: 3201
Street Name: Flagler
Street Suffix: Avenue
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Subdivision: Flagler Center PH 3 (3)
County: Monroe
Area: 04 - Key West
General Property Description
Realtor.COM Type: Commercial
Waterfront: No
Control Depth: 0
Lot Size: 760
Lot SqFt: 30878
Business Name: N/A
Total Units: 14
Year Established: 2026-12-31
# Parking Spaces: 41
Off Street Parking: YES
# Stories: 1
Building Ht. Ft.: 101
SqFt Source: Builder/Architect
Total # Buildings: 1
Building SqFt: 701.8
Style: Commercial
Living Apx SqFt: 701.8
Year Built: 2026
Half Baths: 1
Total Baths: 1
Remarks & Misc
Remarks – Consumer: Introducing Flagler Center III, a reimagined mixed-use commercial property located in the Key West's New Town district. A strategic rebuild and redesigning of this site is in well on it's way led by Flagler Center III Condominium Association. The project is currently seeking approval for its major development plan, signaling a fresh start for 14 commercial units and the 14 residential units on this building.
Location Highlights
• Situated on Flagler Avenue, a major east-west artery in Key West
• High visibility and traffic counts from both locals and tourists
• Proximity to Poinciana Elementary, Key West High School, and residential neighborhoods
• Easy access to U.S. Route 1 and Key West International Airport
Property Features (Proposed)
• Ground-floor retail and office suites
• Upper-level residential
• Modernized infrastructure and hurricane-resilient design
• Ample parking and ADA-compliant access
• Landscaped outdoor areas (pending approval)
Investment Potential
• Ideal for medical offices, retail, professional services, or co-working.
• Strong rental demand in Key West's limited commercial inventory
• Perfect opportunity to customize the space to your specific needs
Association Info
Mandatory Home Owners Asc: Yes
1st Right of Refusal: No
Type
Office Buildings: 1
Professional Service: 1
Retail: 1
Shop/Strip Center: 1
Other Services: 1
Fee Includes
Building Insurance: 1
Common Area Mnt: 1
Dockage
None: 1
Appliances
No Appliances: 1
Waterfront
None: 1
Waterview
No Waterview: 1
Construction
CBS: 1
Concrete: 1
Frame: 1
Land Size
None: 1
Utilities
Buyer to Verify: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Contingent: None
Status: Active
Property Features
Type: Office Buildings; Professional Service; Retail; Shop/Strip Center; Other Services
Waterfront: None
Waterview: No Waterview
Dockage: None
Utilities: Buyer to Verify
Appliances: No Appliances
Construction: CBS; Concrete; Frame
Land Size: None
Fee Includes: Building Insurance; Common Area Mnt
Listing Office: Keller Williams Key West Compass Realty
Last Updated: April - 13 - 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.