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Retail Space Near Waterfront
For Lease
$5,250/Mo NNN

218 Whitehead Street, Key West, FL 33040

Commercial Lease, Key West, FL

Space Size950 SF
Days on Market54

Property Features for 218 Whitehead Street

General Information

Property type Commercial Lease
Property subtype Other
Bathrooms 1
Half bathrooms 1
Rooms Bathroom 1
Parking features Off Street
Subdivision Old Town - Unrecord (1.0)
View Water
Standard status Active
APN 8732511
Size 950 SF

Building Details

Year built 1942
Roof type Metal
Listing Agency: Berkshire Hathaway HomeServices Knight & Gardner Realty
Listed By: Team Gardner/Langley · License #KWA.2032
Added: Jul 10 Changed: Aug 19 Last Checked: Sep 1 at 7:06PM
MLS# 620588

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 950-square-foot retail space at 218 Whitehead Street offers a compact commercial footprint with retail or office potential. The suite includes a bathroom, off-street parking, and a metal roof. Built in 1942, the property provides an established commercial setting within a historic building.

The space is positioned in Old Town Key West near the waterfront, Duval Street, Mallory Square, and nearby restaurants and boutiques. The Mel Fisher Maritime Museum is next door, while the Custom House Museum and Mallory Square are across the street. NNN charges are additional to the base rent.

Key Highlights

  • 950 square feet of retail or office space
  • 218 Whitehead Street in Old Town Key West
  • Next to the Mel Fisher Maritime Museum and across from the Custom House Museum and Mallory Square

Property Analytics

Current Use

Comedy Key West Nightclub Kirby's Closet Clothing & Fashion Store Southernmost Bike Tours Travel Agency Little Whitehouse Subs Take-out & Catering Hidden Gems Botanica ... Religious Bookstore

Suggested Use

Top Pick Dental Office HVAC Service Auto Repair Shop Garden Center Veterinary Clinic Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,899
Businesses Nearby

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

Lease Benchmarks for Key West, FL

$75.36 /SF/Yr
Avg Asking Price
$25–$125 /SF/Yr
Price Range
1,745 SF
Avg Space Size

This space is priced 12% below the average of $75.36 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Compact commercial suite with off-street parking, a bathroom, and proximity to Old Town attractions and the waterfront.
Where is this retail space located?
The property is located at 218 Whitehead Street Key West, FL.
What is the lease rate?
The lease rate is $5,250/Mo.
What are key features of this property?
This property features: 950 square feet of retail or office space; 218 Whitehead Street in Old Town Key West; Next to the Mel Fisher Maritime Museum and across from the Custom House Museum and Mallory Square
More about this property
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