$749,000
( $502.35Per Sq Foot )
 $4,021 est/mo Sourced by Back At You

3201 Flagler Avenue Ste 507,KEY WEST, FL 33040

KEY WEST, FL 33040

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Description

Welcome to Flagler Center III, a brand-new mixed‑use development currently under construction, with groundbreaking already completed and anticipated completion by the end of 2026. This 1,491 ± sq. ft. commercial space, comprised of two combined units, presents an outstanding opportunity for businesses looking to establish or expand in one of Key West's most sought‑after commercial corridors. The project will feature 14 residential and 14 commercial units (with select units combined), creating built‑in foot traffic and long‑term value. The subject unit includes two separate parcel IDs, allowing it to be split into two individual units, offering exceptional flexibility and strong investment potential. The property offers ample parking and ADA‑compliant access. Delivered as a white box, the space allows buyers to design and build out the interior to suit their specific business needs. Ideal for professional services, medical offices, or retail use, this property benefits from strong rental demand driven by Key West's limited commercial inventory. The prime location provides excellent visibility, consistent foot traffic, and outstanding exposure, making it an excellent opportunity for both owner‑users and investors.

Details

MLS #618665
Listing TypeFor Sale
StyleCommercial
Sub-TypeResale
StatusActive
Year2026
Days On Site193
Listing Provided ByKeys Top Realty LLC | Irina Pytlik

Features

Bath(s) 1 Total
SQ Feet1,491
Story(s)2
Units14
ZoningRO - Residential/Office
Acreage0.71
Property ViewNo Waterview

Taxes

Property2392

Area Information

StateFL
CountyMonroe
CityKEY WEST
Zip Code33040
Area04 Key West
Community NameFlagler Center PH 3 (3)
Listing VS Median (in Flagler Center PH 3 (3))
Price:
$749,000
low | high
Med:
$749,000
50% of Average
sqft:
1,491
low | high
Med:
1,491
50% of Average
$ / sqft:
$502
low | high
Med:
$502
50% of Average
On site:
193
low | high
Med:
193
100% of Average
Sourced by Back At You

Market Activity 33040

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Learn More About This Property

StateFL
CountyMonroe
CityKEY WEST
Zip Code33040
Area04 Key West
Community NameFlagler Center PH 3 (3)
Listing VS Median (in Flagler Center PH 3 (3))
Price:
$749,000
low | high
Med:
$749,000
50% of Average
sqft:
1,491
low | high
Med:
1,491
50% of Average
$ / sqft:
$502
low | high
Med:
$502
50% of Average
On site:
193
low | high
Med:
193
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $561K - $936K
sqft: 1,000 - 1,500
Listing Updated: August 20, 2026 at 9:20:43 AM PDT