Adjoining Office Condominiums with
For Sale
$1,250,000
1421 First Street, Key West, FL 33040
COMMERCIAL - Key West, FL
Property SizeContact for details
Lot Size0.06 Acres
Days on Market62
Property Features for 1421 First Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CL - Limited Commercial
Bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1
Subdivision
New Town - Unlisted (2.0)
View
Water
Standard status
Active
APN
00045101-000102
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9900
Amenities
custom patio
tiki area
Building Details
Year built
1948
Building materials
CBS
Listing Agency:
Berkshire Hathaway HomeServices Knight & Gardner Realty
(305) 294-5155
Listed By:
Team Gardner/Langley · License #BK612006
(305) 902-2447
Added: Jun 17
Changed: Aug 4
Last Checked: Aug 17 at 6:06PM
MLS# 620301
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 offering includes two adjoining commercial condominium units for sale, presented together as a single package. Unit 3 comprises 233 SF and is fully leased, with a custom patio and tiki area that complements the office setting. Unit 2 provides 1,160 SF of office space and includes five private offices plus a restroom.
Located at 1421 First Street in Key West, the property is zoned CL – Limited Commercial. The units are configured to support professional office use, and the adjoining layout allows an owner-operator or investor to manage both spaces as one collection.
For tenants, the configuration supports professional teams needing multiple private offices, while Unit 3’s leased status may appeal to buyers looking to acquire an in-place tenant. For owner-users, the combination of a fully leased unit and a larger adjacent office suite can support flexible occupancy planning. For investors, the ability to purchase both units together provides a straightforward ownership structure centered on office space within a limited commercial zoning designation.
Located at 1421 First Street in Key West, the property is zoned CL – Limited Commercial. The units are configured to support professional office use, and the adjoining layout allows an owner-operator or investor to manage both spaces as one collection.
For tenants, the configuration supports professional teams needing multiple private offices, while Unit 3’s leased status may appeal to buyers looking to acquire an in-place tenant. For owner-users, the combination of a fully leased unit and a larger adjacent office suite can support flexible occupancy planning. For investors, the ability to purchase both units together provides a straightforward ownership structure centered on office space within a limited commercial zoning designation.
Key Highlights
- Two adjoining First Street commercial condominium units sold together as a single income‑producing package
- Unit 3: 233 SF, fully leased, includes a custom patio and tiki area
- Unit 2: 1,160 SF office with five private offices and a restroom
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
1,411
Businesses Nearby
Explore this area
Business Placement
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
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Two adjoining office condo units are offered together, including a leased suite with private offices and patio.
Where is this office units located?
The property is located at 1421 First Street Key West, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Two adjoining First Street commercial condominium units sold together as a single income‑producing package; Unit 3: 233 SF, fully leased, includes a custom patio and tiki area; Unit 2: 1,160 SF office with five private offices and a restroom
