Flagler Center III Mixed-Use
For Sale
$400,000
Pending
3201 Flagler Avenue Unit 512, Key West, FL 33040
Proposed redevelopment combines commercial suites, residences, parking, and planned hurricane-resilient improvements.
Property SizeContact for details
Days on Market386
Property Features for 3201 Flagler Avenue Unit 512
General Information
Standard status
Pending
Property subtype
General Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$1,289
Amenities
3
41 Parking Spaces.
760
Building Details
Year Built
2026
Tenancy
Multi
Listing Agency:
Keller Williams Key West Compass Realty
(305) 563-0053
Listed By:
Sandra Swan · License #SL3414369
(305) 563-0053
Source:
Xome
Added: Aug 11, 2025
Changed: Aug 30
Last Checked: Aug 31 at 1:07PM
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 Keller Williams Key West Compass Realty
Investment Insights
Based on property information with market context.
Flagler Center III is a proposed mixed-use redevelopment at 3201 Flagler Avenue in Key West’s New Town district. The plan calls for 14 commercial units and 14 residential units, with retail and office suites on the ground floor and residences above. Proposed improvements include updated infrastructure, hurricane-resilient design, ADA-compliant access, and landscaped outdoor areas, subject to approval.
The property fronts Flagler Avenue, a major east-west corridor, with access to U.S. Route 1 and Key West International Airport. Poinciana Elementary, Key West High School, and surrounding residential neighborhoods are identified nearby. The site also includes 41 parking spaces. The development plan is currently seeking approval, and the proposed configuration is intended to support a range of commercial and professional uses.
The property fronts Flagler Avenue, a major east-west corridor, with access to U.S. Route 1 and Key West International Airport. Poinciana Elementary, Key West High School, and surrounding residential neighborhoods are identified nearby. The site also includes 41 parking spaces. The development plan is currently seeking approval, and the proposed configuration is intended to support a range of commercial and professional uses.
Key Highlights
- Proposed plan includes 14 commercial units and 14 residential units
- Ground‑floor retail and office suites with upper‑level residential units
- Located on Flagler Avenue in Key West’s New Town district
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,212
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?
Mixed-use property - Proposed redevelopment combines commercial suites, residences, parking, and planned hurricane-resilient improvements.
Where is this mixed-use property located?
The property is located at 3201 Flagler Avenue Unit 512 Key West, FL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Proposed plan includes 14 commercial units and 14 residential units; Ground‑floor retail and office suites with upper‑level residential units; Located on Flagler Avenue in Key West’s New Town district
