Storefront Retail Space with Display
For Lease
$17,600/Mo NNN
423 Duval Street, Key West, FL 33040
Commercial Lease, Key West, FL
Space Size2,500 SF - 6,300 SF
Lot Size0.15 Acres
Days on Market2100
Property Features for 423 Duval Street
General Information
Property type
Commercial Lease
Property subtype
Other
Zoning
HRCC(1 - 4) - Hist Res Co
Bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1
Appliances
No Appliances
Subdivision
Old Town - Unlisted (1.0)
View
Water
Standard status
Active
APN
00006530-000000
Size
2,500 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2019
Tax Description
KW PT LOT 4 SQR 37 G75-370/371 OR864-1361 OR1257-953/57ORD OR1343-984/99FJ OR2744-1745/46
Tax Annual Amount
20785
Legal Description
KW PT LOT 4 SQR 37 G75-370/371 OR864-1361 OR1257-953/57ORD OR1343-984/99FJ OR2744-1745/46
Building Details
Year built
1953
Number of units
4
Building materials
CBS, Stucco
Listing Agency:
Berkshire Hathaway HomeServices Knight & Gardner Realty
(305) 294-5155
Listed By:
Team Gardner/Langley · License #KWA.2032
(305) 902-2447
Added: Jan 6, 2021
Changed: Oct 5
Last Checked: Oct 7 at 12:06AM
MLS# 594003
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 2,500-square-foot storefront retail unit at 423 Duval Street has large display windows and dates to 1953. The property contains four commercial units, which may be combined into a single space totaling approximately 6,300 square feet. The lease is structured as triple net, with quoted rent applying to base rent only.
The storefront is across Duval Street from the La Concha Hotel and near Mattheessens. The property is zoned HRCC(1 - 4) - Hist Res Co.
The storefront is across Duval Street from the La Concha Hotel and near Mattheessens. The property is zoned HRCC(1 - 4) - Hist Res Co.
Key Highlights
- Approximately 2,500 SF of retail space
- Large display windows
- Part of a property with four commercial units; units may be combined for approximately 6,300 SF
Property Analytics
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Open Analytics
Current Use
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
Balanced
Demand for This Use
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Key West, FL
$84.68 /SF/Yr
Avg Asking Price
$43.09–$125 /SF/Yr
Price Range
1,910 SF
Avg Space Size
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - Large display windows add a visible retail presentation along Duval Street.
Where is this storefront property located?
The property is located at 423 Duval Street 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 SF of retail space; Large display windows; Part of a property with four commercial units; units may be combined for approximately 6,300 SF
