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Storefront Space with Display Windows
For Lease
$4,400/Mo
Pending

421 Fleming Street, Key West, FL 33040

Commercial Lease, Key West, FL

Space Size942 SF
Days on Market460

Property Features for 421 Fleming Street

General Information

Property type Commercial Lease
Property subtype Other
Bathrooms 1
Half bathrooms 2
Rooms Bathroom 1, Bathroom 2
Subdivision Old Town - Unlisted (1.0)
View Water
Standard status Pending
APN 1006807
Size 942 SF

Amenities

large display windows

Building Details

Year built 2000
Listing Agency: Berkshire Hathaway HomeServices Knight & Gardner Realty
Listed By: Team Gardner/Langley · License #KWA.2032
Added: May 30, 2025 Changed: Aug 19 Last Checked: Sep 1 at 4:06PM
MLS# 615240

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 942-square-foot storefront space occupies a commercial location on Fleming Street in Key West. The layout includes large display windows, two bathrooms, and a building constructed in 2000. The space is positioned for retail or professional-service use and is attached to the La Concha Hotel.

The property is in Key West’s Old Town area, with surrounding dining, shopping, and specialty-service businesses. Its Fleming Street setting provides an established commercial context for a customer-facing operation.

Key Highlights

  • 942 square feet of commercial storefront space
  • Large display windows support customer‑facing retail or service use
  • Attached to the La Concha Hotel

Property Analytics

Current Use

Storefront properties

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
$8.41 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,333
Businesses Nearby
117k
Monthly Visits Nearby
Balanced
Demand for This Use

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

$79.88 /SF/Yr
Avg Asking Price
$32–$125 /SF/Yr
Price Range
1,983 SF
Avg Space Size

This space is priced 30% below the average of $79.88 /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?
Storefront property - Commercial space suited for retail or professional services, with prominent display windows and two bathrooms.
Where is this storefront property located?
The property is located at 421 Fleming Street Key West, FL.
What is the lease rate?
The lease rate is $4,400/Mo.
What are key features of this property?
This property features: 942 square feet of commercial storefront space; Large display windows support customer‑facing retail or service use; Attached to the La Concha Hotel
More about this property
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