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Retail Space with NNN Lease
For Lease
$18,052/Mo NNN

400 Duval Street, Key West, FL 33040

Commercial Lease, Key West, FL

Space SizeContact for details
Days on Market114

Property Features for 400 Duval Street

General Information

Property type Commercial Lease
Property subtype Other
Bathrooms 1
Half bathrooms 1
Rooms Bathroom 1
Subdivision Old Town - Unlisted (1.0)
View Water
Standard status Active
APN 1006815
Size 1,733 SF

Building Details

Year built 1928
Listing Agency: Berkshire Hathaway HomeServices Knight & Gardner Realty
Listed By: Team Gardner/Langley · License #KWA.2032
Added: May 11 Changed: Aug 19 Last Checked: Sep 1 at 5:06PM
MLS# 619862

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 1,733-square-foot retail space is located at 400 Duval Street in Key West. The property dates to 1928 and includes a bathroom, providing a compact storefront configuration for commercial occupancy. The lease is structured as NNN, with expenses billed separately from the stated lease terms.

The property sits in Old Town Key West along Duval Street, a commercial corridor characterized by pedestrian activity and exposure. Nearby businesses include retailers, restaurants, and tourist attractions, placing the space within an established visitor-oriented retail setting.

Key Highlights

  • 1,733 square feet of retail space
  • 400 Duval Street address in Key West
  • 1928 building construction

Property Analytics

Current Use

LIK Fine Art ... Photography Service Coconut Retiever Doggie ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick HVAC Service Dental Office Auto Repair Shop Garden Center Pet Grooming Service (Bike/Boat/Book/etc) Store

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

3,333
Businesses Nearby
117k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 34% Hotels & Casinos 18% Apparel 17% Groceries 16%
La Concha Key West Hotels & Casinos
20,542 visits/mo 0.1 miles
Wendy's Dining
19,101 visits/mo 0.1 miles
Circle K Shops & Services
13,410 visits/mo 0.4 miles
Fausto's Food Palace Groceries
10,002 visits/mo 0.1 miles
River Street Sweets Groceries
8,601 visits/mo 0.1 miles

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 66% above the average of $75.36 /SF/Yr.

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space in a historic Key West building along the Duval Street commercial corridor.
Where is this retail space located?
The property is located at 400 Duval Street Key West, FL.
What is the lease rate?
The lease rate is $18,052/Mo.
What are key features of this property?
This property features: 1,733 square feet of retail space; 400 Duval Street address in Key West; 1928 building construction
More about this property
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