Two-Unit Office
For Sale
$1,250,000
1421 First Street, Key West, FL 33040
Commercial Sale, Key West, FL
Property Size1,393 SF
Lot Size0.06 Acres
Price / SF$897.34
Days on Market77
Property Features for 1421 First Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CL - Limited Commercial
Bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1
Subdivision
New Town - Unlisted (2.0)
View
Water
Standard status
Active
APN
00045101-000102
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9900
Amenities
custom patio and tiki area
Building Details
Year built
1948
Building materials
CBS
Listing Agency:
Berkshire Hathaway HomeServices Knight & Gardner Realty
(305) 294-5155
Listed By:
Team Gardner/Langley · License #KWA.2032
(305) 902-2447
Added: Jun 17
Changed: Aug 19
Last Checked: Sep 1 at 6:06PM
MLS# 620301
Copyright © 2026 Key West Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-unit office condominium offering includes adjoining commercial units totaling 1,393 SF. Unit 3 contains 233 SF and is fully leased, with a custom patio and tiki area. Unit 2 provides 1,160 SF arranged with five private offices and one restroom, supporting continued office use or occupancy by an owner-user.
The property is located at 1421 First Street in Key West, within the CL - Limited Commercial zoning district. Constructed with CBS materials in 1948, the condominium package combines an occupied smaller unit with a larger office suite and outdoor improvements. The units are offered together, creating a single ownership opportunity with existing lease income and additional office space.
The property is located at 1421 First Street in Key West, within the CL - Limited Commercial zoning district. Constructed with CBS materials in 1948, the condominium package combines an occupied smaller unit with a larger office suite and outdoor improvements. The units are offered together, creating a single ownership opportunity with existing lease income and additional office space.
Key Highlights
- Two adjoining commercial condominium units offered together
- Unit 3 includes 233 SF and is fully leased
- Unit 2 provides 1,160 SF with five private offices
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
1,411
Businesses Nearby
Explore this area
Business Placement
Demographics for 33040, FL
35,958
Population
19,001
Households
1.9
Avg Household Size
44
Median Age
38%
College-Educated
92%
High-School Grad
17.7 sq mi
ZIP Area
2,032
Density / Sq Mi
$79,038
Median Household Income
$42,458
Median Earnings
$2,079
Median Rent
$766,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Adjoining commercial condominium units combine leased income with a multi-office configuration and outdoor patio improvements.
Where is this office units located?
The property is located at 1421 First Street Key West, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Two adjoining commercial condominium units offered together; Unit 3 includes 233 SF and is fully leased; Unit 2 provides 1,160 SF with five private offices
