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Mixed-Use Building with Balcony
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518 Fleming Street, Key West, FL 33040

Two commercial units and an upstairs apartment create a combined retail and residential configuration.

Property SizeContact for details
Days on Market143

Property Features for 518 Fleming Street

General Information

Standard status Active
Property subtype Industrial
Zoning HRCC1
Occupancy 100%

Site & Location

Corner Location Yes
Road Access Yes

Units

Unit Mix 1 x 2BD/1BA
Multifamily Units 1

Amenities

large display windows
30-foot balcony

Building Details

Buildings 1
Stories 3
Construction Dade County Pine
Tenancy Multi
Listing Agency: Coldwell Banker Commercial Schmitt Real Estate Company Key Largo
Listed By: Diana Fiddes · License #FL
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 29 at 9:01PM

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 Coldwell Banker Commercial Schmitt Real Estate Company Key Largo

Investment Insights

Based on property information with market context.

This mixed-use property at 518 Fleming Street combines two ground-floor commercial units with large display windows and an upstairs 2BD/1BA apartment. The residential component includes access to additional storage on the third floor, while interior finishes include Dade County Pine walls and a 30-foot balcony. The property is fully rented and carries HRCC1 zoning.

Located in Key West, the building is on Fleming Street near Duval Street. Its corner placement and proximity to the Duval Street corridor provide a defined commercial setting for the ground-floor spaces, with residential accommodations above. The configuration brings retail-oriented space and an apartment together within one property.

Key Highlights

  • Two ground‑floor commercial units with large display windows
  • Upstairs 2BD/1BA apartment
  • Additional 3rd floor storage

Property Analytics

Current Use

Key West Sea ... Department Store Amanda Johnson Gallery Art Gallery

Suggested Use

Top Pick HVAC Service Auto Parts Store Dental Office Garden Center Pet Grooming Service (Bike/Boat/Book/etc) 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

1
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access

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

Market

Vacancy Rate% for Retail in South region

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

What type of property is this?
Mixed-use property - Two commercial units and an upstairs apartment create a combined retail and residential configuration.
Where is this mixed-use property located?
The property is located at 518 Fleming Street Key West, FL.
What are key features of this property?
This property features: Two ground‑floor commercial units with large display windows; Upstairs 2BD/1BA apartment; Additional 3rd floor storage
More about this property
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