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Duval Street Retail Suite
For Lease
$17,600/Mo

423 Duval Street B, Key West, FL 33040

A storefront with expansive display windows offers retail space in a multi-unit commercial property.

Space Size2,500 SF - 6,300 SF
Days on Market2123

Property Features for 423 Duval Street B

General Information

Standard status Active
Size 2,500 SF - 6,300 SF
Net Rentable 2,500 SF
Property subtype Commercial
Lease Type NNN

Space & Availability

Available Space 2,500-6,300 SF
Space Use Retail

Taxes and HOA fees

Annual Taxes $20,785

Building Details

Building Size 2,500 SF
Year Built 1953
Tenancy Multi
Listing Agency: Berkshire Hathaway HomeServices Knight & Gardner Realty
Listed By: Team Gardner/Langley · License #KWA.2032
Source: Keystoprealty
Added: Jan 6, 2021 Changed: Oct 26 Last Checked: Oct 26 at 4:06PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Knight & Gardner Realty

Rey
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Investment Insights

Based on property information with market context.

This Key West retail suite provides approximately 2,500 square feet of space behind large storefront display windows. It is one of four commercial units at 423 Duval Street; the units may be combined, offering approximately 6,300 square feet in total. The building dates to 1953.

The property is directly across Duval Street from La Concha Hotel and is near businesses including Starbucks, Salt Life, and River Street Sweets. The San Carlos Institute, Casa Cuba, and Key West Film Society are also described as being steps away.

Key Highlights

  • Approximately 2,500 square feet of retail space
  • Large storefront display windows
  • One of four commercial units; units may be combined for approximately 6,300 square feet total

Property Analytics

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Open Analytics

Current Use

Venus World Clothing Store

Suggested Use

Top Pick HVAC Service Dental Office Auto Repair Shop Garden Center Pet Grooming Service Carpet & Flooring Store

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

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

3,333
Businesses Nearby
117k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 34% Hotels & Casinos 18% Apparel 17% Groceries 16%
La Concha Key West Hotels & Casinos
20,542 visits/mo 0.1 miles
Wendy's Dining
19,101 visits/mo 0.1 miles
Circle K Shops & Services
13,410 visits/mo 0.4 miles
Fausto's Food Palace Groceries
10,002 visits/mo 0.1 miles
River Street Sweets Groceries
8,601 visits/mo 0.1 miles

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
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Market

Lease Benchmarks for Key West, FL

$76.46 /SF/Yr
Avg Asking Price
$32–$125 /SF/Yr
Price Range
1,887 SF
Avg Space Size

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Frequently Asked Questions

What type of property is this?
Retail space - A storefront with expansive display windows offers retail space in a multi-unit commercial property.
Where is this retail space located?
The property is located at 423 Duval Street B Key West, FL.
What is the lease rate?
The lease rate is $17,600/Mo.
What are key features of this property?
This property features: Approximately 2,500 square feet of retail space; Large storefront display windows; One of four commercial units; units may be combined for approximately 6,300 square feet total
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