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Stock Island Mixed-Use Opportunity
For Sale
Under Contract
$2,200,000

5580 1st Avenue, Stock Island, FL 33040

COMMERCIAL - Stock Island, FL

Property Size2,040 SF
Lot Size0.57 Acres
Price / SF$1,078
Days on Market241

Property Features for 5580 1st Avenue

General Information

Property type Commercial Sale
Property subtype Other
Zoning MU - Mixed Use District
Appliances No Appliances
Subdivision Maloney Sub (5.0)
View Water
Standard status Active Under Contract
APN 00125390-000000
Size 2,040 SF
Lot size 0.57 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description STOCK ISLAND MALONEY SUB SUBDIVISION PB1-55 E 100 FT OF W300 FT SQR 41 OR22-389 OR348-391-392 OR684-167 OR1094-1139/40
Tax Annual Amount 8626
Legal Description STOCK ISLAND MALONEY SUB SUBDIVISION PB1-55 E 100 FT OF W300 FT SQR 41 OR22-389 OR348-391-392 OR684-167 OR1094-1139/40

Building Details

Year built 1964
Building materials CBS
Roof type Metal
Listing Agency: Berkshire Hathaway HomeServices Knight & Gardner Realty
Listed By: Team Gardner/Langley · License #BK612006
Added: Dec 8, 2025 Changed: Aug 4 Last Checked: Aug 6 at 10:06AM
MLS# 617638

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 25,000 SF mixed-use property is located on Stock Island and features dual access from 1st and 2nd Avenue. The property includes a 2,040 SF concrete office/utility building and expansive paved yard space. The site is zoned MU, supporting a wide array of commercial, residential, and industrial uses. Fully fenced with ample parking, this versatile parcel offers exceptional redevelopment potential just minutes from Key West. The property represents a significant income opportunity with income already on the books, with potential to push it more. It is an increasingly rare large MU tract in a high-demand growth corridor. The lot size is 0.57 acres.

Key Highlights

  • Significant income opportunity with existing income stream.
  • Large 25,000 SF mixed‑use property.
  • Dual access from 1st and 2nd Avenue.

Property Analytics

Current Use

Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick HVAC Service Auto Parts Store Garden Center Bakery Computer & Electronic Repair Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

685
Businesses Nearby

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

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - 25,000 SF mixed-use property with redevelopment potential near Key West.
Where is this mixed-use property located?
The property is located at 5580 1st Avenue Stock Island, FL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Significant income opportunity with existing income stream.; Large 25,000 SF mixed‑use property.; Dual access from 1st and 2nd Avenue.
More about this property
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