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Waterfront Land: Commercial, Recreation Potential

7000 5th Street Key West, FL 33040

7000 5th Street, Key West, FL, 33040

$9,499,000

For Sale

$9,499,000

COMMERCIAL - Key West, FL

Lot Size77.46 Acres

AddedFeb 22, 2024

Days on Market874

Last RefreshJul 15 at 10:06 pm

Property Features for 7000 5th Street

General Information

Property type: Commercial Sale
Property subtype: Other
Zoning: MU
Vegetation: Brush
Standard status: Active
APN: 00123900000000
Lot size: 77.46 Acres

Taxes and HOA fees

Tax Year: 2023
Tax Description: 35 67 25 BAY BOTTOM ADJ TO COW KEY OR429-44 OR470-742 OR566-922 OR785-676 OR2340-42 OR2948-1991
Tax Annual Amount: 53

Utilities

Utilities: Water Available
Water source: Public
Water front: 1

Listing agent Marc Ulanowski License #3251327

Listing office Equestrian Sotheby's International Realty Inc. 12180 S Shore Blvd Ste 102, Wellington, FL

Listing date Feb 22, 2024

MLS# R10963178 Listing URL

Investment Insights

Based on property information with market context.

These two waterfront parcels offer an opportunity for the Florida Keys lifestyle. The plots provide views of the water and present a canvas for waterfront ventures. The northern parcel features approximately 1,400 feet of shoreline, suitable for activities like swimming, fishing, kayaking, and paddleboarding, with deep water on one side and shallow bay bottom on the other. It spans 2.03 acres of mixed-use upland and a total of 45 acres, including bay bottom. Potential uses on the northern parcel include commercial retail, restaurant uses, a floating restaurant, a small marina, and commercial recreation uses such as an amusement or sea life park. With mixed-use zoning, commercial fishing docks are permitted. The offshore island along the channel offers campsites. The southern parcel consists of 50 acres of mangrove forest, beach berms, hammocks, and trails with approximately 6 acres of upland. This property could host large events like concerts, weddings, farm-to-table or wine tastings, or therapeutic programs or retreats. It features beach areas and access to the mainland via a 1/2-mile land bridge. The property is located next to a mega yacht marina and close to two hotels. The combined lot size is 77.46 acres.

Key Highlights

Two expansive waterfront parcels totaling 47.03 acres offering diverse development opportunities.
Northern parcel features approximately 1,400 ft of pristine shoreline suitable for waterfront activities.
Mixed‑Use zoning on the Northern parcel allows for commercial retail, restaurants, marinas, commercial fishing docks, and recreational uses.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Island Farm Food Processing Plant

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For sale
Waterfront Land
FL
Key West
33040
7000 5th Street

What type of property is this?

Waterfront Land - Two waterfront parcels with mixed-use zoning, offering commercial and recreational opportunities.

Where is this waterfront land located?

The property is located at 7000 5th Street Key West, FL.

What is the asking price?

The asking price for this property is $9,499,000.

What are key features of this property?

This property features: Two expansive waterfront parcels totaling 47.03 acres offering diverse development opportunities.; Northern parcel features approximately 1,400 ft of pristine shoreline suitable for waterfront activities.; Mixed‑Use zoning on the Northern parcel allows for commercial retail, restaurants, marinas, commercial fishing docks, and recreational uses.

7000 5th Street Key West, FL 33040

COMMERCIAL - Key West, FL

Property Features for 7000 5th Street

General Information

Taxes and HOA fees

Utilities

Investment Insights

Key Highlights

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

Single-Story Office Corner Building

Multi-Unit Commercial Condo Building

Prime Corner Commercial Property, Key West

New Mixed-Use Development in Key West

Leased Office/Retail Condo

Turnkey Retail Condominium Suite

Updated Corner Commercial Condo

End-Unit Commercial Condo

Six-Unit Multifamily Property

Six-Unit Multifamily Building

Adjoining Office Condominiums with Patio

Value-Add Fourplex Investment Opportunity

FAQs