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1421 First Street, Key West, FL 33040
$1,250,000
Property Type:
Commercial Sale
Baths:
1
Lot Size (sq. ft.):
2,405
Status:
Active
Current Price:
$1,250,000
List Date:
6/17/2026
Last Modified:
6/17/2026
Description
Rare opportunity to own two adjoining commercial condominium units on First Street, offered together as a single income-producing package in a central Key West location.
Unit 3 consists of 233 SF and is fully leased, providing immediate income and strong in-place cash flow. The space is enhanced by a custom patio and tiki area.
Unit 2 offers 1,160 SF of office space with five private offices and a restroom, making it ideal for an owner-user, professional office, or an investor seeking additional rental income.
Whether you're looking for an investment, owner-user opportunity, or both, this versatile property offers flexibility and income in one of Key West's most accessible commercial corridors.
More Information MLS# 620301
Contract Information
Current Price: $1,250,000
Listing Date: 2026-06-17
Listing Board: Key West Association
List Price: $1,250,000
Limited Representation: No
Potential Short Sale: No
Bank Owned: No
Location Tax Legal
Street #: 1421
Street Name: First
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Subdivision: New Town - Unlisted (2.0)
County: Monroe
Area: 03 - Key West
General Property Description
Realtor.COM Type: Commercial
Style: Commercial
Lot Size: Irregular
Lot SqFt: 2405
Waterfront: No
Building SqFt: 1393
SqFt Source: Property Data Card
Year Built: 1948
Half Baths: 1
Total Baths: 1
Status Change Info
Status: Active
Association Info
Mandatory Home Owners Asc: Yes
1st Right of Refusal: No
Financial Status
Bank Owned: No
Potential Short Sale: No
Property Features
Type: Office Buildings; Retail; Other Services
Waterfront: None
Waterview: No Waterview
Dockage: None
Utilities: FKAA
Construction: CBS
Land Size: Less Than 1/4 Acre
Fee Includes: Other
Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty
Last Updated: June - 17 - 2026
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.
