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Office Building with On-Site Parking
For Sale
$1,850,000

701 Simonton Street, Key West, FL 33040

Commercial Sale, Key West, FL

Property Size1,745 SF
Lot Size0.15 Acres
Price / SF$1,060
Days on Market140

Property Features for 701 Simonton Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning HNC(1-3) - Hist Nghborhd
Bathrooms 2
Half bathrooms 2
Rooms Bathroom 2, Bathroom 1, Bathroom 3
Window features Blinds, Aluminum Frames
Interior features Smoke Alarms, Entrance Foyer, Furnished
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

Additional Details

Property Use Office

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 Central Air, Heat Pump

Amenities

central air conditioning
security system

Building Details

Year built 1938
Floors in Building 1
Flooring type Carpet, Tile
Building materials Frame, Combo Construction
Roof type Metal
Buildings 1
Listing Agency: Coldwell Banker Schmitt Real Estate Co. (KW)
Listed By: Sean Farrer, P.A. · License #3168212
Added: Jun 19 Changed: Oct 28 Last Checked: Nov 5 at 1:06AM
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.

Rey
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Investment Insights

Based on property information with market context.

This single-story office building contains 1,745 square feet on a 6,510-square-foot lot. Its interior is arranged with five private offices, a reception and lobby area, and storage. Central air conditioning, a security system, and a metal roof are among the building’s features. The property was built in 1938 and has frame construction; its flood zone designation is X.

At the corner of Simonton and Angela Streets in Old Town Key West, the site includes 8+ off-street parking spaces in a drive-through layout. The building also has an entrance foyer and three bathrooms.

Key Highlights

  • 1,745‑square‑foot building on a 6,510‑square‑foot lot
  • Five private offices, reception and lobby area, and storage
  • 8+ off‑street parking spaces in a drive‑through layout

Property Analytics

Who owns this building? See the owner, sales and loan history
Open 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.

Location Intelligence

Trade Area within ½ mile

3,710
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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

Frequently Asked Questions

What type of property is this?
Office building - Five private offices, reception space, and a corner position support a range of commercial operations.
Where is this office building 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‑square‑foot building on a 6,510‑square‑foot lot; Five private offices, reception and lobby area, and storage; 8+ off‑street parking spaces in a drive‑through layout
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