Ground-Floor Retail
For Lease
$15,500/Mo NNN
518 Duval Street, Key West, FL 33040
Commercial Lease, Key West, FL
Space Size2,155 SF
Days on Market278
Property Features for 518 Duval Street
General Information
Property type
Commercial Lease
Property subtype
Other
Bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1
Subdivision
Old Town - Unrecord (1.0)
View
Water
Standard status
Active
APN
1010081
Size
2,155 SF
Building Details
Year built
1953
Listing Agency:
Berkshire Hathaway HomeServices Knight & Gardner Realty
(305) 294-5155
Listed By:
Team Gardner/Langley · License #BK612006
(305) 902-2447
Added: Nov 17, 2025
Changed: Aug 19
Last Checked: Aug 22 at 1:06PM
MLS# 617370
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 ground-floor storefront provides approximately 2,155 square feet of retail area at 518 Duval Street in Key West. The building dates to 1953 and has received recent improvements, including impact-rated windows and doors along the storefront. NNN charges are payable in addition to the quoted base rent.
The property occupies the 500 block of Duval Street in Old Town Key West, with surrounding national brands and established local operators. Its storefront configuration and central Duval Street setting support a visible retail presence within one of the area’s established commercial corridors.
The property occupies the 500 block of Duval Street in Old Town Key West, with surrounding national brands and established local operators. Its storefront configuration and central Duval Street setting support a visible retail presence within one of the area’s established commercial corridors.
Key Highlights
- Approximately 2,155 square feet of ground‑floor retail area
- Impact‑rated storefront windows and doors added through recent upgrades
- Located at 518 Duval Street in Key West
Property Analytics
Property Profile
Current Use
Lease Details
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
Market
Lease Benchmarks for Key West, FL
$78.27 /SF/Yr
Avg Asking Price
$32–$125 /SF/Yr
Price Range
2,250 SF
Avg Space Size
This space is priced 10% above the average of $78.27 /SF/Yr.
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Retail space features upgraded impact-rated storefront windows and doors.
Where is this storefront property located?
The property is located at 518 Duval Street Key West, FL.
What is the lease rate?
The lease rate is $15,500/Mo.
What are key features of this property?
This property features: Approximately 2,155 square feet of ground‑floor retail area; Impact‑rated storefront windows and doors added through recent upgrades; Located at 518 Duval Street in Key West
