Storefront with Dedicated
New
For Lease
$3,300/Mo
720 Caroline Street, Key West, FL 33040
Commercial Lease, Key West, FL
Space Size812 SF
Days on Market2
Property Features for 720 Caroline Street
General Information
Property type
Commercial Lease
Property subtype
Other
Bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1
Parking features
Off Street
Subdivision
Old Town - Unrecord (1.0)
View
Water
Standard status
Active
APN
8980940
Size
812 SF
Building Details
Year built
1918
Listing Agency:
Berkshire Hathaway HomeServices Knight & Gardner Realty
(305) 294-5155
Listed By:
Team Gardner/Langley · License #KWA.2032
(305) 902-2447
Added: Sep 25
Last Checked: Sep 26 at 1:06PM
MLS# 621397
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 812-square-foot storefront at 720 Caroline Street was built in 1918 and includes one bathroom. Two off-street parking spaces are provided for the space.
The property is adjacent to the Historic Seaport in Key West. Its Caroline Street address places it among nearby dining, retail, and service businesses.
The property is adjacent to the Historic Seaport in Key West. Its Caroline Street address places it among nearby dining, retail, and service businesses.
Key Highlights
- 812 square feet of storefront space
- Two off‑street parking spaces
- Built in 1918
Property Analytics
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Open Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$7.32 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,704
Businesses Nearby
104k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 32%
Hotels & Casinos 20%
Apparel 19%
Groceries 18%
La Concha Key West
Hotels & Casinos
20,542 visits/mo
0.3 miles
Wendy's
Dining
19,101 visits/mo
0.2 miles
Fausto's Food Palace
Groceries
10,002 visits/mo
0.3 miles
River Street Sweets
Groceries
8,601 visits/mo
0.3 miles
The Cafe
Dining
8,463 visits/mo
0.4 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Key West, FL
$86.57 /SF/Yr
Avg Asking Price
$43.09–$125 /SF/Yr
Price Range
1,968 SF
Avg Space Size
This space is priced 44% below the average of $86.57 /SF/Yr.
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - A compact commercial space on Caroline Street includes two off-street parking spaces.
Where is this storefront property located?
The property is located at 720 Caroline Street Key West, FL.
What is the lease rate?
The lease rate is $3,300/Mo.
What are key features of this property?
This property features: 812 square feet of storefront space; Two off‑street parking spaces; Built in 1918
