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    5580 1St Ave Key West, FL 33040

    New
    For Sale
    $2,295,000

    Other Comrcl Style,Other Services,Professional Service,Boat Sales/Service,Auto Care

    Days on Market:
    2
    Last Refresh:
    Dec 9 at 4:06 pm

    Property Features for 5580 1St Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MU - Mixed Use District
    APN
    00125390-000000
    Appliances
    None

    Building Details

    Year built
    1964
    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 Dec 8, 2025

    MLS# 617638 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

    Stock Island Mixed-Use Redevelopment Opportunity

    This prime 25,000 SF mixed-use property is located on Stock Island and features dual access from 1st and 2nd Avenue. The site includes a 2,040 SF concrete office/utility building and expansive paved yard space. Zoned MU (Mixed Use District), the property supports a wide array of commercial, residential, and industrial uses. Fully fenced with ample parking, this versatile parcel offers exceptional redevelopment potential. It is located just minutes from Key West and represents an increasingly rare large MU tract in a high-demand growth corridor.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mingo and Company LLC General Contractor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Key West
    County
    Monroe
    State
    Florida
    Longitude
    -81.738092
    Latitude
    24.571724

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    FAQs

    What type of property is this?
    Mixed-use property - 25,000 SF mixed-use property with redevelopment potential near Key West.
    Where is this mixed-use property located?
    The property is located at 5580 1St Ave Key West, FL.
    What is the asking price?
    The asking price for this property is $2,295,000.
    What are key features of this property?
    This property features: - Large 25,000 SF mixed-use (MU) property in a high-demand growth corridor.; - Dual access from 1st and 2nd Avenue.; - Zoned MU, supporting a wide array of commercial, residential, and industrial uses.
    (305) 294-5155
    Request Owner's contact information
    5580 1St Ave 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
    5580 1St Ave Key West, FL 33040
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