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
Overview
Description
Listing Details MLS# 620301
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
- KW Neighborhood
- New Town
- City
- KEY WEST
- Mile Marker
- 2
- Marathon Neighborhood
- N/A
- Side
- N/A
- Alternate Key #
- 9105521
- Parcel #
- 00045101-000102
- Zoning
- CL - Limited Commercial
- Taxes
- 9899.52
- Tax Year
- 2025
Contract Information
- Listing Board
- Key West Association
- Limited Representation
- No
- Potential Short Sale
- No
- Bank Owned
- No
General Property Description
- Realtor.COM Type
- Commercial
- Style
- Commercial
- Lot SqFt
- 2405
- Waterfront
- No
- Building SqFt
- 1393
- SqFt Source
- Property Data Card
- Year Built
- 1948
- Half Baths
- Yes
- Total Baths
- Yes
- Control Depth
- 0
Association Info
- Mandatory Home Owners Asc
- Yes
- 1st Right of Refusal
- No
Financial Status
- Bank Owned
- No
- Potential Short Sale
- No
More Information
Remarks & Misc
- Remarks – Consumer
- 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.
Type
- Office Buildings
- Yes
- Retail
- Yes
- Other Services
- Yes
Fee Includes
- Other
- Yes
Dockage
- None
- Yes
Waterfront
- None
- Yes
Waterview
- No Waterview
- Yes
Construction
- CBS
- Yes
Land Size
- Less Than 1/4 Acre
- Yes
Utilities
- FKAA
- Yes
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.