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    Key West, FL

    Key West, FL Commercial Real Estate for Sale

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    Stock Island, FL Sugarloaf Key, FL Cudjoe Key, FL
    85 properties
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    End-Unit Commercial Condo
    Updated: Jul 1
    End-Unit Commercial Condo

    1206 White Street, Key West, FL 33040

    $599,000
    1,389 sqft
    Commercial condo with over 1,300 SF, end unit, centrally located in Old Town
    Office space in back can be rented separately for additional income
    Half bath plus bathroom 1; central air cooling
    Hurricane‑rated windows and doors; CBS/combo construction; built in 1989
    One assigned off‑street parking spot
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    This listing looks promising.

    Here's a quick look at some key insights for

    1206 White Street, Key West, FL 33040

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    • Est. Cap Rate

      4.4%
      NOI ÷ price

    • Est. NOI

      $26K
      Annual

    • Mortgage

      $2.2M
      Mar 2021

    • Last Sold

      Mar 2021
      $2.2M

    • Property Type

      Mixed Use
      Built 1923
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    Multi-Unit Commercial Condo Building
    Updated: Jul 2
    Multi-Unit Commercial Condo Building

    1200-1206 White Street, Key West, FL 33040

    $1,599,000
    3,380 sqft
    Newly formed condo building with 3 commercial condos on White Street
    1206 White St. is currently vacant and ready for immediate owner‑operator occupancy or lease
    Well‑established tenants in 1200 and 1202 White St. (do not disturb)
    HNC‑1 zoning with uses including professional offices, retail sales & services, specialty shops, and restaurants
    Central air; flooring includes wood, concrete, and tile
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    Updated Corner Commercial Condo
    Updated Corner Commercial Condo

    1200 White Street, Key West, FL 33040

    $599,000
    1,169 sqft

    First-floor corner unit with hurricane-rated impact windows and tenant in place, suited for retail or professional services.

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    Stock Island Commercial Property For Sale
    Stock Island Commercial Property For Sale

    5670 Laurel Ave, Key West, FL 33040

    $1,950,000
    5,258 sqft 0.29 AC lot

    Commercial property on Stock Island with mixed-use zoning.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Single-Story Office Building
    Single-Story Office Building

    701 Simonton Street, Key West, FL 33040

    $1,850,000
    1,745 sqft 0.15 AC lot

    Single-story office building with five private offices, central A/C, and multiple off-street parking spaces on a corner lot.

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    Leased Office/Retail Condo
    Leased Office/Retail Condo

    1075 Duval Street, Key West, FL 33040

    $499,000
    648 sqft

    Fully leased office/retail condo on Duval Street with recent upgrades including new AC, storefront windows, and impact-rated entrance.

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    Hurricane-Ready Retail/Office Condo
    Hurricane-Ready Retail/Office Condo

    1202 White Street, Key West, FL 33040

    $499,000
    892 sqft

    Centrally located condo with hurricane-rated windows and doors, one assigned parking spot, and condo fee coverage for insurance.

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    White Box Commercial Suite
    White Box Commercial Suite

    3201 Flagler Avenue, #STE 507, Key West, FL 33040

    $749,000
    1,491 sqft

    Under-construction suite with white-box delivery, ADA access, ample parking, and flexibility to split into two units.

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    Prime Corner Commercial Property, Key West
    Prime Corner Commercial Property, Key West

    1000 Truman Avenue, Key West, FL 33040

    $2,699,000
    2,396 sqft 0.27 AC lot

    Corner property with high visibility, multiple commercial uses allowed.

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    New Mixed-Use Development in Key West
    New Mixed-Use Development in Key West

    3201 Flagler Avenue, Key West, FL 33040

    $749,000
    1,491 sqft 0.71 AC lot

    Commercial space in new mixed-use development, completion end of 2026.

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    Turnkey Ground-Floor Office Condo
    Turnkey Ground-Floor Office Condo

    812 Fleming Street, #2, Key West, FL 33040

    $415,000
    665 sqft

    Renovated, ground-floor office condo with natural light, private access, and ADA-compliant half bath.

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    Turnkey Retail Condominium Suite
    Turnkey Retail Condominium Suite

    1012 Truman Avenue, Key West, FL 33040

    $439,000
    718 sqft 3,490.99 AC lot

    Turnkey retail condo with updated flooring and paint, plus HOA coverage for building and common area maintenance.

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    Corner Mixed-Use Investment
    Corner Mixed-Use Investment

    218 Whitehead Street, Key West, FL 33040

    $4,400,000
    7,755 sqft 0.16 AC lot

    Mixed-use property with six commercial storefronts and a three-bedroom, two-bath residential unit, plus separate utility meters.

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    Office Condo with Private Balcony
    Office Condo with Private Balcony

    1010 Kennedy Drive, #307, Key West, FL 33040

    $349,000
    2,058 sqft

    3rd-floor office condo with two entrances, an open layout, kitchenette, and a private balcony for client-ready workflow.

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    Six-Unit Multifamily Building
    Six-Unit Multifamily Building

    912 Pohalski Street, Key West, FL 33040

    $2,250,000
    3,876 sqft 0.08 AC lot

    Six legal apartments feature separate electric and water meters, with off-street parking for residents.

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    Renovated Office Building in Key West
    Renovated Office Building in Key West

    3140 Northside Drive, Key West, FL 33040

    $1,200,000
    2,045 sqft

    Income-producing, renovated two-story office building in Key West, Florida.

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    Old Town Office Condo For Sale
    Old Town Office Condo For Sale

    812 FLEMING ST, Key West, FL 33040

    $415,000
    665 sqft

    Turnkey 665 SF commercial condo in Old Town.

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    Adjoining Office Condominiums with Patio
    Adjoining Office Condominiums with Patio

    1421 First Street, Key West, FL 33040

    $1,250,000
    0.06 AC lot

    Two adjoining office condo units are offered together, including a leased suite with private offices and patio.

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    Hurricane-Rated Retail/Office Condo
    Hurricane-Rated Retail/Office Condo

    1202 White Street, Key West, FL 33040

    $499,000
    892 sqft

    Centrally located 892sf condo with hurricane-rated windows and doors, one assigned parking spot, and X Flood Zone designation.

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    Historic Retail Building with Three Units
    Historic Retail Building with Three Units

    718 - 720 Caroline Street, Key West, FL 33040

    $1,995,000
    3,424 sqft

    Historic 3,424 SF storefront building features three commercial units and is offered for sale with 100% occupancy.

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    Single-Story Corner Office Building
    Single-Story Corner Office Building

    701 Simonton Street, Key West, FL 33040

    $1,850,000
    1,745 sqft 0.15 AC lot

    Single-story corner office building with private offices, reception, central air, and drive-through parking.

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    Key West Office Condo Investment
    Key West Office Condo Investment

    3718 N Roosevelt Boulevard, Key West, FL 33040

    $599,000
    1,133 sqft 0.03 AC lot

    Fully leased office condo with strong tenant and ocean view.

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    Mixed-Use Income Property with Tall Ceilings
    Mixed-Use Income Property with Tall Ceilings

    402 Applerouth Ln, Key West, FL 33040

    $2,490,000
    5,000 sqft

    Mixed-use building with residential and commercial units and tall ceilings in an X Flood Zone location.

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    Key West Restaurant Opportunity
    Key West Restaurant Opportunity

    1075 Duval Street, Key West, FL 33040

    $1,399,000
    1,592 sqft

    Spacious 1,592 SqFt restaurant in Key West's commercial corridor.

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    Key West, FL Commercial Real Estate Market Trends and Statistics

    Explore 85 commercial real estate for sale in Key West, FL, showcased through 85 active listings on our real estate platform. These investment opportunities span a total of 99,628 square feet of properties for sale, with an estimated market value of $101,533,398.

    Sale prices for business properties in Key West, FL start at $237,700, averaging $2,476,424, and reaching up to $20,350,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 36K
    Population Growth (5Y) +3.8%
    Median Household Income $79,038
    College Educated 17.6%

    High-Yield Neighborhoods for Investment

    Identify Key West submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    33040 $2.3M

    Taxes & Financing

    Tax Rate (average for all types) 0.71%
    Property Tax per SF $10.90 per SF
    Tax Rate vs County Average 0.03 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Monroe County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Monroe County

    Retail

    Residential Income

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