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    Key West, FL
    Medical Premises

    Key West, FL Medical Office Space for Sale

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    Stock Island, FL Sugarloaf Key, FL Cudjoe Key, FL
    8 properties
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    New Mixed-Use Development in Key West
    Updated: Feb 16
    New Mixed-Use Development in Key West

    3201 Flagler Avenue, Key West, FL 33040

    $749,000
    1,491 sqft 0.71 AC lot
    Prime location in sought‑after Key West commercial corridor offering excellent visibility and foot traffic.
    New construction, completion anticipated by the end of 2026, in a mixed‑use development. Benefit from built‑in foot traffic from 14 residential units.
    Flexible space: two combined units (1,491 +/- sq. ft.) with two separate parcel IDs, allowing them to be split.
    Delivered as a white box, allowing for customized build‑out to suit specific business needs.
    Strong investment potential due to Key West's limited commercial inventory and rental demand.
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    This listing looks promising.

    Here's a quick look at some key insights for

    3201 Flagler Avenue, Key West, FL 33040

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    • Est. Cap Rate

      3.8%
      NOI ÷ price

    • Est. NOI

      $28K
      Annual

    • Mortgage

      $590K
      Aug 2022

    • Last Sold

      Jan 2026
      $515K

    • Property Type

      Retail Stores
      Built 1997
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    Hurricane-Ready Retail/Office Condo
    Updated: Jul 1
    Hurricane-Ready Retail/Office Condo

    1202 White Street, Key West, FL 33040

    $485,000
    892 sqft
    892 SF commercial condo in Old Town, centrally located
    Hurricane‑rated windows and doors
    Unit has central air and an assigned off‑street parking spot
    HNC‑1 zoning allows professional offices, retail sales & services, specialty shops, and restaurants
    Condo fee is $468.48/month and includes windstorm and liability insurance
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    Renovated Office Building in Key West
    Renovated Office Building in Key West

    3140 Northside Drive, Key West, FL 33040

    $1,200,000
    2,045 sqft

    Income-producing, renovated two-story office building in Key West, Florida.

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    White Box Commercial Suite
    White Box Commercial Suite

    3201 Flagler Avenue, #STE 507, Key West, FL 33040

    $749,000
    1,491 sqft

    Under-construction suite with white-box delivery, ADA access, ample parking, and flexibility to split into two units.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Fully Renovated Two-Story Medical Office
    Fully Renovated Two-Story Medical Office

    F-3140 Northside Dr, Key West, FL 33040

    $1,200,000
    2,045 sqft

    Two-story office building with renovated medical practice space, multiple units, and recent metal roofing and impact windows.

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    Old Town Commercial Office Space
    Old Town Commercial Office Space

    615 United Street, Key West, FL 33040

    $975,000
    1,190 sqft

    Commercial office space in Old Town with parking for sale.

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    Two-Story Medical Office Building
    Two-Story Medical Office Building

    3140 Northside Drive Unit F, Key West, FL 33040

    $1,205,000
    2,045 sqft

    Fully renovated two-story office building with a ground-floor medical practice and second-floor suite and additional units.

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    Urgent Care Medical Office Building
    Urgent Care Medical Office Building

    1501 Government Rd, Key West, FL 33040

    $1,346,000

    Medical office building with multiple exam rooms, administrative offices, and patient waiting areas.

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    Based on your search, we've compiled 16 Potential Opportunities for your consideration. Besides 8 Active listings in Key West, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Contiguous Medical Office Suites
    Contiguous Medical Office Suites

    5701 Overseas Hwy 10, Marathon, FL 33050

    $725,000
    2,556 sqft

    Three contiguous office units offer flexible medical or professional office configurations within a prominent highway retail corridor.

    View details
    Renovated Mixed-Use Commercial Property
    Renovated Mixed-Use Commercial Property

    105 Palm Ave, Islamorada, FL 33036

    $4,600,000
    20 sqft

    Three-building mixed-use commercial property totally renovated in 2019, with adaptable interior space and on-site parking.

    View details
    Updated Medical Office Suite
    Updated Medical Office Suite

    5-5701 Overseas Hwy, Marathon, FL 33050

    $275,000

    Updated office suite with a front desk, waiting room, three separate rooms, and one full bathroom.

    View details
    Mixed-Use Commercial Property with Three Buildings
    Mixed-Use Commercial Property with Three Buildings

    105 Palm Avenue, Upper Matecumbe Key, Islamorada, FL 33036

    $4,600,000
    0.21 AC lot

    Three renovated commercial buildings with on-site parking and large front-facing windows, offering adaptable space for office, medical, or retail use.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Land in Estero, FL
    Commercial Land in Estero, FL

    9451 Corkscrew Road, Estero, FL 33928

    $1,665,000
    1.17 AC lot

    1.17 acre commercial planned development lot for sale.

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    Intensive Commercial Redevelopment Land
    Intensive Commercial Redevelopment Land

    3130 NW 62nd St, Miami, FL 33147

    $5,700,000
    0.21 AC lot

    Vacant infill parcel zoned BU-3, suitable for high-density commercial and mixed-use redevelopment in Northwest Miami.

    View details
    Zoned CC Commercial Land Parcel
    Zoned CC Commercial Land Parcel

    15100 & 15200 Elderberry Lane, Fort Myers, FL 33907

    $1,600,000
    2.45 AC lot

    2.45-acre centrally located parcel in Fort Myers with CC zoning and convenient access to Summerlin Road and Gladiolus.

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    Commercial Lot Near US-41
    Commercial Lot Near US-41

    12830 Kenwood Lane, Fort Myers, FL 33907

    $749,900
    0.80 AC lot

    Prime commercial land near US-41 and College Pkwy.

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    Key West, FL Medical Office Space Market Trends and Statistics

    Explore 8 medical office space for sale in Key West, FL, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 11,199 square feet of properties for sale, with an estimated market value of $7,909,000.

    Sale prices for medical spaces in Key West, FL start at $485,000, averaging $988,625, and reaching up to $1,346,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Office Units 65
    Medical Office Space 11
    Office buildings 4

    Demographics Overview

    Population 36K
    Population Growth (5Y) +3.8%
    Median Household Income $79,038
    College Educated 17.6%

    High-Yield Neighborhoods for Investment

    Identify Key West submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    33040 $974.7K

    Taxes & Financing

    Tax Rate (average for all types) 0.71%
    Property Tax per SF $10.90 per SF
    Tax Rate vs County Average 0.03 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Monroe County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Monroe County

    Retail

    Residential Income

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