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Retail Space with Courtyard Seating
For Lease
$3,200/Mo

951 Caroline Street, Key West, FL 33040

Commercial Lease, Key West, FL

Space SizeContact for details
Days on Market411

Property Features for 951 Caroline Street

General Information

Property type Commercial Lease
Property subtype Other
Bathrooms 1
Half bathrooms 1
Rooms Bathroom 1
Subdivision Old Town - Unlisted (1.0)
Standard status Active
APN 1003069
Size 1,200 SF

Amenities

Men and Women's bathrooms
outdoor seating in courtyard

Building Details

Year built 2002
Roof type Metal
Listing Agency: Berkshire Hathaway HomeServices Knight & Gardner Realty
Listed By: Team Gardner/Langley · License #KWA.2032
Added: Jul 24, 2025 Changed: Aug 19 Last Checked: Sep 7 at 11:06AM
MLS# 615919

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 1,200-square-foot retail space is located within Conch Harbor Retail Center and can accommodate office or retail use. The suite includes men’s and women’s bathrooms, while the center provides outdoor seating in a courtyard. Constructed in 2002, the property has a metal roof.

The space is positioned at the corner of Caroline and Grinnell Streets in Key West. Nearby businesses include Prime 951 Steakhouse, Dante’s Pool Bar and Restaurant, and West Marine, creating an established retail-center setting.

Key Highlights

  • 1,200‑square‑foot commercial space at Conch Harbor Retail Center
  • Office or retail use supported by the existing layout
  • Men’s and women’s bathrooms included

Property Analytics

Current Use

Conch Harbor Marina Marina Fishy Business Charters Tour Operator Pirate Radio Key ... Radio Station Ocean Energy Charters Tour Operator Sunset Cruise Key ... Travel Agency

Suggested Use

Top Pick Dental Office Auto Repair Shop HVAC Service Auto Parts Store Garden Center Building Supply

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
$4.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,475
Businesses Nearby

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

$75.36 /SF/Yr
Avg Asking Price
$25–$125 /SF/Yr
Price Range
1,745 SF
Avg Space Size

This space is priced 58% below the average of $75.36 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Flexible commercial suite with private restrooms in a mixed-use retail center setting.
Where is this retail space located?
The property is located at 951 Caroline Street Key West, FL.
What is the lease rate?
The lease rate is $3,200/Mo.
What are key features of this property?
This property features: 1,200‑square‑foot commercial space at Conch Harbor Retail Center; Office or retail use supported by the existing layout; Men’s and women’s bathrooms included
More about this property
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