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Single-Story Office Building
For Sale
$1,850,000

701 Simonton Street, Key West, FL 33040

COMMERCIAL - Key West, FL

Property Size1,745 SF
Lot Size0.15 Acres
Price / SF$1,060
Days on Market47

Property Features for 701 Simonton Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning HNC(1-3) - Hist Nghborhd
Bathrooms 1
Half bathrooms 2
Rooms Bathroom 1, Bathroom 2
Appliances Refrigerator
Subdivision Old Town - Unrecord (1.0)
View Water
Directions Take US 1 south to Key West. Stay on US 1 until it turns into Truman Avenue. From Truman Ave take a right on Simonton St and proceed to 701 Simonton St.
Standard status Active
APN 00015470000000
Size 1,745 SF
Lot size 0.15 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Kw Pt Lot 1 Sqr 1 Tr 4 G12-468
Tax Annual Amount 10618
Legal Description Kw Pt Lot 1 Sqr 1 Tr 4 G12-468

Utilities

Heating system Ductless (Heating)
Cooling system Heat Pump, Central Air

Building Details

Year built 1938
Floors in Building 1
Flooring type Carpet, Tile
Building materials Frame, Combo Construction
Roof type Metal
Listing Agency: Coldwell Banker Schmitt Real Estate Co. (KW)
Listed By: Sean Farrer, P.A. · License #3168212
Added: Jun 19 Changed: Jul 24 Last Checked: Aug 4 at 11:06AM
MLS# 620342

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.

701 Simonton Street is a single-story commercial office building built with frame construction and a metal roof. The interior offers approximately 1,745 square feet and includes five private offices, a reception/lobby area, storage, central air conditioning, and a security system. Off-street parking supports operations with 8+ parking spaces and a drive-through parking layout.

The property is located on a highly visible corner of Simonton and Angela Streets in Key West’s Old Town area. It sits within the Historic Neighborhood Commercial zoning district (HNC(1-3) - Hist Nghborhd), and the location is described as being in an X flood zone.

With a corner position, on-site parking, and a flexible existing layout designed around reception and multiple private offices, the building can support a variety of office-focused uses while remaining straightforward to access and operate.

Key Highlights

  • 1,745 SF single‑story commercial building on a 6,510 SF lot on the corner of Simonton and Angela Streets
  • 8+ off‑street parking spaces with a drive‑through parking layout
  • Interior includes five private offices plus reception/lobby, storage, and Bathroom 1 and Bathroom 2

Property Analytics

Current Use

Two Oceans Digital Marketing & Advertising

Suggested Use

Top Pick Dental Office HVAC Service (Bike/Boat/Book/etc) Store Garden Center Daycare Center Carpet & Flooring 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

5
Office units

Location Intelligence

Trade Area within ½ mile

3,562
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
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Frequently Asked Questions

What type of property is this?
Office units - Single-story office building with five private offices, central A/C, and multiple off-street parking spaces on a corner lot.
Where is this office units located?
The property is located at 701 Simonton Street Key West, FL.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 1,745 SF single‑story commercial building on a 6,510 SF lot on the corner of Simonton and Angela Streets; 8+ off‑street parking spaces with a drive‑through parking layout; Interior includes five private offices plus reception/lobby, storage, and Bathroom 1 and Bathroom 2
More about this property
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