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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
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.
