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Single-Story Office Building
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 Market92

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 Central Air, Heat Pump

Amenities

drive-through parking layout
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
Listing Agency: Coldwell Banker Schmitt Real Estate Co. (KW)
Listed By: Sean Farrer, P.A. · License #3168212
Added: Jun 19 Changed: Sep 14 Last Checked: Sep 18 at 9:06PM
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.

Located at 701 Simonton Street in Key West, this single-story office building provides 1,745 square feet of interior space on a 6,510-square-foot lot. The layout includes five private offices, a reception and lobby area, storage, two bathrooms, and central air conditioning. Tile and carpet flooring, frame construction, a metal roof, and a security system are also in place.

The property occupies the corner of Simonton and Angela Streets in Old Town, with 8+ off-street parking spaces and a drive-through parking arrangement. It is identified as being in the X flood zone and was built in 1938. The building also includes a refrigerator, ductless heating, and a heat pump.

Key Highlights

  • 1,745 square feet of interior office space
  • 6,510‑square‑foot lot at 701 Simonton Street
  • Five private offices with reception, lobby, and storage areas

Property Analytics

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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
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Frequently Asked Questions

What type of property is this?
Office building - Corner commercial property with five private offices, reception space, storage, and off-street parking.
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 feet of interior office space; 6,510‑square‑foot lot at 701 Simonton Street; Five private offices with reception, lobby, and storage areas
More about this property
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