3201 Flagler Avenue STE 507, Key West, FL 33040

$749,000
Property Type: Commercial Sale Baths: 1 Square Footage: 1,491 Lot Size (sq. ft.): 30,878 Status: Active
Current Price: $749,000 List Date: 2/16/2026 Last Modified: 2/24/2026

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.

More Information MLS# 618665

Contract Information

Current Price: $749,000 Listing Date: 2026-02-16 Listing Board: Key West Association List Price: $749,000 Limited Representation: No Potential Short Sale: No Bank Owned: No

Location Tax Legal

Street #: 3201 Street Name: Flagler Street Suffix: Avenue Key/Island: Key West State/Province: FL Zip Code: 33040 Subdivision: Flagler Center PH 3 (3) County: Monroe Area: 04 - Key West

General Property Description

Realtor.COM Type: Commercial Style: Commercial Lot Size: 58'-7''X 24'8'' Lot SqFt: 30878 Waterfront: No # Parking Spaces: 41 Off Street Parking: YES # Stories: 2 SqFt Source: Property Data Card Living Apx SqFt: 1491 Total Units: 14 Year Built: 2026 Half Baths: 1 Total Baths: 1

Status Change Info

Status: Active

Association Info

Mandatory Home Owners Asc: Yes 1st Right of Refusal: Yes

Auction Info

Auction: No

Financial Status

Bank Owned: No Potential Short Sale: No

Property Features

Type: Office Buildings; Professional Service; Retail; Shop/Strip Center; Other Services Waterfront: None Waterview: No Waterview Dockage: None Vehicle Storage: Common Parking; Off Street Parking Cooling: Central Air Utilities: Buyer to Verify; FKAA Appliances: No Appliances Construction: CBS; Concrete; Frame Land Size: None Fee Includes: Building Insurance; Common Area Mnt Terms: Seller Finance Psble
Listing Office: Keys Top Realty LLC
Last Updated: February - 24 - 2026
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