3201 Flagler Avenue Ste 507,KEY WEST, FL 33040
KEY WEST, FL 33040
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 Type | For Sale |
| Style | Commercial |
| Sub-Type | Resale |
| Status | Active |
| Year | 2026 |
| Days On Site | 235 |
| Listing Provided By | Keys Top Realty LLC | Irina Pytlik |
Features
| Bath(s) | 1 Total |
|---|---|
| SQ Feet | 1,491 |
| Story(s) | 2 |
| Units | 14 |
| Zoning | RO - Residential/Office |
| Acreage | 0.71 |
| Property View | No Waterview |
Taxes
| Property | 2392 |
|---|
Area Information
| State | FL |
|---|---|
| County | Monroe |
| City | KEY WEST |
| Zip Code | 33040 |
| Area | 04 Key West |
| Community Name | Flagler Center PH 3 (3) |
| Listing VS Median (in Flagler Center PH 3 (3)) | |
Price: $749,000 low | high Med: $377,500 sqft: 1,491 low | high Med: 1,491 $ / sqft: $502 low | high Med: $253 On site: 235 low | high Med: 227.5 | |
Market Activity 33040
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The data relating to real estate for sale on this web site come s in part from the Internet Data Exchange program of the Marathon and Lower Keys Association of REALTORS®, Inc. MLS. Real Estate listings held by brokerage firms other than Key Colony Beach Realty, Inc. are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office.
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Learn More About This Property
| State | FL |
|---|---|
| County | Monroe |
| City | KEY WEST |
| Zip Code | 33040 |
| Area | 04 Key West |
| Community Name | Flagler Center PH 3 (3) |
| Listing VS Median (in Flagler Center PH 3 (3)) | |
Price: $749,000 low | high Med: $377,500 sqft: 1,491 low | high Med: 1,491 $ / sqft: $502 low | high Med: $253 On site: 235 low | high Med: 227.5 | |
The data relating to real estate for sale on this web site come s in part from the Internet Data Exchange program of the Marathon and Lower Keys Association of REALTORS®, Inc. MLS. Real Estate listings held by brokerage firms other than Key Colony Beach Realty are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office.
