3201 Flagler Avenue 512, Key West, FL 33040
$400,000
Property Type:
Commercial Sale
Baths:
1
Square Footage:
702
Lot Size (sq. ft.):
30,878
Status:
Active
Current Price:
$400,000
List Date:
4/13/2026
Last Modified:
4/13/2026
Listing Details MLS# 616485
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
- KW Neighborhood
- New Town
- Unit #
- 512
- City
- KEY WEST
- Off Shore Island
- No
- Mile Marker
- 3
- Marathon Neighborhood
- N/A
- Side
- N/A
- Flood Zone
- AE
- Alternate Key #
- 8876084
- Add'l Parcel #1
- N/A
- Parcel #
- 00052870-000312
- Add'l Parcel #2
- N/A
- Bldg Nbr
- 3
- Zoning
- RO - Residential/Office
- Legal
- FLAGLER CENTER III, A CONDOMINIUM UNIT 512 & 3.5714% COMMON ELEMENTS OR1396-66
- Taxes
- 1288.6
- Tax Year
- 2024
Contract Information
- Listing Board
- Key West Association
- Limited Representation
- No
- As is Rght to Inspct
- Yes
- Potential Short Sale
- No
- Bank Owned
- No
- Species List
- No
General Property Description
- Realtor.COM Type
- Commercial
- Style
- Commercial
- Lot SqFt
- 30878
- Waterfront
- No
- Business Name
- N/A
- Year Established
- 2026-12-31
- # Parking Spaces
- 41
- Off Street Parking
- YES
- # Stories
- Yes
- Building Ht. Ft.
- 101
- Total # Buildings
- Yes
- Building SqFt
- 701.8
- SqFt Source
- Builder/Architect
- Living Apx SqFt
- 701.8
- Total Units
- 14
- Year Built
- 2026
- Half Baths
- Yes
- Total Baths
- Yes
- Control Depth
- 0
Status Change Info
- Contingent
- None
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
- 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
Type
- Office Buildings
- Yes
- Professional Service
- Yes
- Retail
- Yes
- Shop/Strip Center
- Yes
- Other Services
- Yes
Fee Includes
- Building Insurance
- Yes
- Common Area Mnt
- Yes
Dockage
- None
- Yes
Appliances
- No Appliances
- Yes
Waterfront
- None
- Yes
Waterview
- No Waterview
- Yes
Construction
- CBS
- Yes
- Concrete
- Yes
- Frame
- Yes
Land Size
- None
- Yes
Utilities
- Buyer to Verify
- Yes
Property Features
Type:
Office Buildings; Professional Service; Retail; Shop/Strip Center; Other Services
Waterfront:
None
Waterview:
No Waterview
Dockage:
None
Utilities:
Buyer to Verify
Appliances:
No Appliances
Construction:
CBS; Concrete; Frame
Land Size:
None
Fee Includes:
Building Insurance; Common Area Mnt
Listing Office:
Keller Williams Key West Compass Realty
Last Updated: April - 13 - 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.