Mixed-Use Development Land

5331 5th Avenue Stock Island, FL 33040

Claim this Listing
For Sale
$2,150,000

MULTI_FAMILY - Other - Stock Island, FL

Property size:
5,705 SF
Lot size:
0.69 Acres
Price / SF:
$376/SF
Added:
Jun 29, 2026
Days on Market:
15
Last Refresh:
Jul 13 at 3:06 am

Property Features for 5331 5th Avenue

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
MU - Mixed Use Commercial
Bedrooms
6
Bathrooms
6
Rooms
Bathroom 3, Bathroom 2, Bedroom 6, Bedroom 3, Bedroom 2, Bathroom 4, Bathroom 5, Bathroom 6, Bedroom 1, Bedroom 5, Bedroom 4, Bathroom 1
Parking features
Off Street
Appliances
Refrigerator
Standard status
Active
APN
00126820000000
Size
5,705 SF
Lot size
0.69 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
23691

Building Details

Year built
1938
Building materials
CBS, Frame, Manufactured, Combo Construction
Architectural style
Other

Listing agent Bascom L Grooms License #647099

Listing office Bascom Grooms Real Estate (KW) 1110 Truman Avenue, Key West, FL

Listing date Jun 29, 2026

MLS# 620462 Listing URL

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.

The offering consists of four separate parcels comprising a combined 30,000 square feet of commercial land on 0.6887 acres. The property is presented for mixed-use development under MU - Mixed Use Commercial zoning. The site is supported by on-site utilities with seven electric meters and seven water meters, which can help streamline development planning and service allocation.

The location is described as being just minutes from Key West, with the parcels positioned to serve visitors and area residents. The remarks note proximity to resorts, dining, and marinas, supporting a mixed-use orientation consistent with the MU zoning classification.

For developers and investors seeking an MU-zoned land platform, the presence of multiple electric and water meters may be a practical advantage when designing residential and/or commercial configurations across the four parcels. The seller notes that ROGO exemption for 6 or 7 units may be possible, so buyers should verify development eligibility and any exemption requirements during due diligence. Interested parties can review the parcel structure and utilities to assess options for a combined residential and commercial concept or a single-use approach within the MU framework.

Key Highlights

  • Four parcels totaling 30,000 sq ft, located just minutes from Key West near Mile Marker 5
  • MU (mixed use) zoning
  • Utilities on‑site with 7 electric meters

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Commercial land

FAQs

What type of property is this?
Commercial land - Four-parcel site in MU zoning with multiple electric and water meters for redevelopment in Stock Island, FL.
Where is this commercial land located?
The property is located at 5331 5th Avenue Stock Island, FL.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Four parcels totaling 30,000 sq ft, located just minutes from Key West near Mile Marker 5; MU (mixed use) zoning; Utilities on‑site with 7 electric meters
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More about this property
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