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    5331 5Th Ave Key West, FL 33040

    For Sale
    $2,500,000

    Apartment 3 or more,Retail,Professional Service,Office Buildings

    Days on Market:
    19
    Last Refresh:
    Dec 6 at 4:06 pm

    Property Features for 5331 5Th Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MU - Mixed Use District
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    Bathrooms
    6
    APN
    00126820-000000

    Building Details

    Year built
    1938
    Number of units
    6
    Building materials
    Frame
    Roof type
    Metal
    Architectural style
    Other

    Berkshire Hathaway Keys Real Estate | Knight & Gardner Realty (305) 294-5155 [email protected]

    Listing agent Team Gardner/Langley (305) 294-5155 License #BK612006

    Listing date Nov 18, 2025

    MLS# 616822 Listing URL

    Copyright © 2025 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.

    Overview

    Mixed-Use Property with Development Potential

    This real estate package features four parcels totaling approximately 30,000 square feet of land. It includes two commercial units offering a combined 1,108 square feet, suitable for business use or tenant leasing. There are also six residential units featuring 6 bedrooms and 6 bathrooms across 4,597 square feet of living space, well-suited for rental income or multi-family occupancy. An additional vacant lot provides room for potential expansion or new development. Located in Stock Island, Florida, this property represents an investment opportunity with existing income and future growth potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Key West Brick ... Tile Contractor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Key West
    County
    Monroe
    State
    Florida
    Longitude
    -81.742208
    Latitude
    24.569104

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    FAQs

    What type of property is this?
    Mixed-use property - Four parcels with commercial, residential units, and vacant lot.
    Where is this mixed-use property located?
    The property is located at 5331 5Th Ave Key West, FL.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - Large 30,000 sq ft land package consisting of four parcels.; - Six residential units with 6 bedrooms and 6 bathrooms totaling 4,597 sq ft, ideal for rental income or multi-family occupancy.; - Two commercial units totaling 1,108 sq ft, suitable for business use or tenant leasing.
    (305) 294-5155
    Request Owner's contact information
    5331 5Th Ave Key West, FL 33040
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    Key West, FL 33040
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5331 5Th Ave Key West, FL 33040
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