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    Key West, FL
    Mixed-Use

    Key West, FL Mixed-use Properties for Sale

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    Stock Island, FL Sugarloaf Key, FL Cudjoe Key, FL
    White Box Commercial Suite
    Updated: Jul 7
    White Box Commercial Suite

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

    $749,000
    1,491 sqft
    Under‑construction commercial suite at Flagler Center III, with anticipated completion by end of 2026
    1,491 ± SF commercial space made up of two combined units, with the option to split into two individual units (two separate parcel IDs)
    White‑box delivery allows you to design and build out the interior to fit your business needs
    ADA‑compliant access and ample parking for the suite
    Development includes 14 residential and 14 commercial units (with select commercial units combined)
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    This listing looks promising.

    Here's a quick look at some key insights for

    3201 Flagler Avenue, #STE 507, 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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    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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    Corner Mixed-Use Investment
    Corner Mixed-Use Investment

    218 Whitehead Street, Key West, FL 33040

    $4,400,000
    7,755 sqft 0.16 AC lot

    Mixed-use property with six commercial storefronts and a three-bedroom, two-bath residential unit, plus separate utility meters.

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    Stock Island Commercial Property For Sale
    Stock Island Commercial Property For Sale

    5670 Laurel Ave, Key West, FL 33040

    $1,950,000
    5,258 sqft 0.29 AC lot

    Commercial property on Stock Island with mixed-use zoning.

    View details
    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 4 Active listings in Key West, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 68 Off-Market properties to explore as potential leads, 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.

    Stock Island Mixed-Use Opportunity
    Stock Island Mixed-Use Opportunity

    5580 1st Avenue, Stock Island, FL 33040

    $2,200,000
    2,040 sqft 0.57 AC lot

    25,000 SF mixed-use property with redevelopment potential near Key West.

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    Stock Island Commercial Property Available
    Stock Island Commercial Property Available

    5670 Laurel Avenue, Stock Island, FL 33040

    $1,950,000
    5,258 sqft 0.29 AC lot

    Prime commercial property with mixed-use zoning and income potential.

    View details
    Overseas Highway Mixed-Use Investment
    Overseas Highway Mixed-Use Investment

    7070 Overseas Highway, Marathon, FL 33050

    $1,450,000
    4,168 sqft

    Mixed-use property with commercial space and residential rental units.

    View details
    Established Business in Florida Keys
    Established Business in Florida Keys

    Montage FL Keys Souvenirs, Marathon, FL 33050

    $99,000

    Work and live in paradise with this established business.

    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.

    Cudjoe Key Commercial Land
    Cudjoe Key Commercial Land

    22732 Overseas Highway, Cudjoe Key, FL 33042

    $2,000,000
    786 sqft 1.56 AC lot

    1.56 acre commercial land with US1 frontage.

    View details
    Waterfront Development Site with Dockage
    Waterfront Development Site with Dockage

    14 125Th Street Gulf, Marathon, FL 33050

    $3,549,000
    1.72 AC lot

    Waterfront site with deep-water dockage approval and an existing recertified two-story CBS building.

    View details
    Waterfront Development Site with Dockage
    Waterfront Development Site with Dockage

    14 125th Street Gulf, Marathon, FL 33050

    $3,549,000
    1.72 AC lot

    Waterfront property with approved deep-water dockage and conditional use approval for 10 units plus 4 staff group home units.

    View details
    Oceanfront Development Land
    Oceanfront Development Land

    57478 Overseas Highway, Marathon, FL 33050

    $7,000,000
    2.37 AC lot

    Waterfront mixed-use land in Marathon, offered via bankruptcy auction, with direct oceanfront and beach access.

    View details

    Off-Market Properties in Key West, FL

    Consider similar Off-Market properties in Key West, FL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1805 Staples Ave
    MIXED USE (COMMERCIAL/INDUSTRIAL)

    1805 Staples Ave, Key West, FL 33040-3633

    $2,160,000
    Estimated value
    13,958 sqft 0.56 AC lot
    View details
    928 Truman Ave Ste, Unit 101
    MIXED USE (COMMERCIAL/INDUSTRIAL)

    928 Truman Ave Ste, Key West, FL 33040-7793

    Unit 101
    Value Estimation by Request
    1,830 sqft 0.09 AC lot
    View details
    1028 Truman Ave, Unit 1
    MIXED USE (COMMERCIAL/INDUSTRIAL)

    1028 Truman Ave, Key West, FL 33040-3373

    Unit 1
    Value Estimation by Request
    2,030 sqft 0.11 AC lot
    View details
    625 Overseas Hwy
    MIXED USE (COMMERCIAL/INDUSTRIAL)

    625 Overseas Hwy, Key West, FL 33040-5605

    $2,530,000
    Estimated value
    10,212 sqft 0.74 AC lot
    View details
    830 Fleming St
    MIXED USE (COMMERCIAL/INDUSTRIAL)

    830 Fleming St, Key West, FL 33040-6964

    Value Estimation by Request
    1,299 sqft 0.05 AC lot
    View details
    1109 Truman Ave
    MIXED USE (COMMERCIAL/INDUSTRIAL)

    1109 Truman Ave, Key West, FL 33040

    Value Estimation by Request
    4,410 sqft 0.10 AC lot
    View details
    1900 Staples Ave
    MIXED USE (COMMERCIAL/INDUSTRIAL)

    1900 Staples Ave, Key West, FL 33040-3644

    Value Estimation by Request
    1,749 sqft 0.07 AC lot
    View details
    516 White St
    MIXED USE (COMMERCIAL/INDUSTRIAL)

    516 White St, Key West, FL 33040-7170

    Value Estimation by Request
    4,494 sqft 0.08 AC lot
    View details
    517 Duval St Ste, Unit 200
    MIXED USE (COMMERCIAL/INDUSTRIAL)

    517 Duval St Ste, Key West, FL 33040-6587

    Unit 200
    Value Estimation by Request
    8,687 sqft 0.13 AC lot
    View details
    1013 Truman Ave
    MIXED USE (COMMERCIAL/INDUSTRIAL)

    1013 Truman Ave, Key West, FL 33040-3349

    $855,000
    Estimated value
    1,440 sqft 0.03 AC lot
    View details
    1100 Packer St
    MIXED USE (COMMERCIAL/INDUSTRIAL)

    1100 Packer St, Key West, FL 33040-3263

    $515,000
    Estimated value
    2,399 sqft 0.12 AC lot
    View details
    518 Fleming St
    MIXED USE (COMMERCIAL/INDUSTRIAL)

    518 Fleming St, Key West, FL 33040-6882

    Value Estimation by Request
    1,888 sqft 0.03 AC lot
    View details
    524 Frnt St
    MIXED USE (COMMERCIAL/INDUSTRIAL)

    524 Frnt St, Key West, FL 33040-6658

    $3,500,000
    Estimated value
    9,730 sqft 0.18 AC lot
    View details
    811 Fleming St
    MIXED USE (COMMERCIAL/INDUSTRIAL)

    811 Fleming St, Key West, FL 33040-6903

    Value Estimation by Request
    1,170 sqft 0.06 AC lot
    View details
    1130 Duval St
    MIXED USE (COMMERCIAL/INDUSTRIAL)

    1130 Duval St, Key West, FL 33040-3157

    Value Estimation by Request
    7,239 sqft 0.12 AC lot
    View details
    509 Whitehead St
    MIXED USE (COMMERCIAL/INDUSTRIAL)

    509 Whitehead St, Key West, FL 33040-6503

    $915,000
    Estimated value
    3,152 sqft 0.11 AC lot
    View details
    5730 2nd Ave
    MIXED USE (COMMERCIAL/INDUSTRIAL)

    5730 2nd Ave, Key West, FL 33040-5933

    Value Estimation by Request
    3,674 sqft 0.29 AC lot
    View details
    2011 Flagler Ave
    MIXED USE (COMMERCIAL/INDUSTRIAL)

    2011 Flagler Ave, Key West, FL 33040-3732

    Value Estimation by Request
    1,692 sqft 0.11 AC lot
    View details
    916 Pohalski St
    MIXED USE (COMMERCIAL/INDUSTRIAL)

    916 Pohalski St, Key West, FL 33040-3358

    $800,000
    Estimated value
    1,256 sqft 0.04 AC lot
    View details
    802 Truman Ave
    MIXED USE (COMMERCIAL/INDUSTRIAL)

    802 Truman Ave, Key West, FL 33040-6426

    Value Estimation by Request
    1,758 sqft 0.07 AC lot
    View details

    Key West, FL Mixed-Use Properties Market Trends and Statistics

    Explore 72 mixed-use properties for sale in Key West, FL, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 15,995 square feet of properties for sale, with an estimated market value of $7,848,000.

    Sale prices for multi use buildings in Key West, FL start at $749,000, averaging $1,962,000, and reaching up to $4,400,000 — 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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    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 $2.7M

    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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