$360,000

3201 Flagler Avenue 512, Key West FL, 33040

Price per sqft$512.82

Built in2026

Property size702 sqft

Property typeCommercial

Overview

Sold

Closed

Listed Apr 13, 2026

Updated Sep 1

Introducing Flagler Center III, a reimagined mixed-use commercial property located in the Key West's New Town district. A strategic rebuild and redesigning of this site is in well on it's way led by Flagler Center III Condominium Association. The project is currently seeking approval for its major development plan, signaling a fresh start for 14 commercial units and the 14 residential units on this building. Location Highlights • Situated on Flagler Avenue, a major east-west artery in Key West • High visibility and traffic counts from both locals and tourists • Proximity to Poinciana Elementary, Key West High School, and residential neighborhoods • Easy access to U.S. Route 1 and Key West International Airport Property Features (Proposed) • Ground-floor retail and office suites • Upper-level residential • Modernized infrastructure and hurricane-resilient design • Ample parking and ADA-compliant access • Landscaped outdoor areas (pending approval) Investment Potential • Ideal for medical offices, retail, professional services, or co-working. • Strong rental demand in Key West's limited commercial inventory • Perfect opportunity to customize the space to your specific needs

Additional information

MLS^® ID: 616485

Interior Features

Bedrooms: 0
Bathrooms: 1
Basement: No

Exterior Features

Lot Size: 0.71 Acres

Other Property Details

Taxes: $1,289
Tax Frequency: Annually
View: Yes

Listed by Sandra Lee Swan with Keller Williams Key West Compass Realty
Listing Contact: 305-563-0053

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