$1,250,000

1421 First Street, Key West FL, 33040

Price per sqftN/A

Built in1948

Property typeCommercial

Overview

Active

Listed Jun 17, 2026

Updated Sep 1

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.

Additional information

MLS^® ID: 620301

Interior Features

Bedrooms: 0
Bathrooms: 1
Basement: No

Exterior Features

Lot Size: 0.06 Acres

Other Property Details

Taxes: $9,900
Tax Frequency: Annually
View: Yes

Listed by Team Gardner/Langley with Berkshire Hathaway HomeServices Knight & Gardner Realty
Listing Contact: 305-902-2447

The IDX display contains information sourced from the Florida Keys Board of REALTORS® as of 9/1/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated on 9/1/2026 at 1:43 AM UTC