518 Fleming Street, Key West, FL 33040
$1,750,000
Property Type:
Commercial Sale
Bedrooms:
2
Baths:
2
Square Footage:
1,888
Lot Size (sq. ft.):
1,125
Status:
Closed
Current Price:
$1,750,000
List Date:
5/19/2025
Last Modified:
8/11/2025
Description
Prime Fully-Rented Mixed-Use Investment Property in Old Town Key West!
Located on Fleming Street, just steps from Duval Street this high-visibility, high traffic corner building includes two ground-floor commercial units with large display windows. The upstairs offers a spacious 2BD/1BA upstairs apartment with additional 3rd floor storage. The interior features Dade County Pine walls and a 30-foot balcony. Zoned HRCC1, this historic property offers excellent rental income and long-term value. Seller Financing Only- This property is being offered exclusively with Seller financing. All offers must include terms acceptable to the Seller's financing structure. Contact agent for financing terms.
More Information MLS# 615088
Contract Information
Listing Board: Key West Association
Limited Representation: No
Potential Short Sale: No
Bank Owned: No
Current Price: $1,750,000
Listing Date: 2025-05-19
Sold Price: $1,750,000
Location, Tax & Legal
KW Neighborhood: Old Town-N of Truman
City: KEY WEST
Mile Marker: 1
Marathon Neighborhood: N/A
Side: Median
Flood Zone: X
Alternate Key #: 1009776
Parcel #: 00009520-000000
Zoning: HRCC(1 - 4) - Hist Res Comm Core 1-4 SF Specl
Legal: KW PT LOT 3 SQR 50 XX-172 CO JUDGE DOCKET 9-129
Taxes: 11088.05
Tax Year: 2024
Street #: 518
Street Name: Fleming
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Subdivision: Old Town - Unrecord (1.0)
County: Monroe
Area: 01 - Key West
General Property Description
Realtor.COM Type: Commercial
Waterfront: No
Control Depth: 0
Lot Size: 30.4' X 37'
Lot SqFt: 1125
Total Units: 3
# Stories: 2
SqFt Source: Property Data Card
Total # Buildings: 1
Building SqFt: 1888
Style: Commercial
Living Apx SqFt: 1888
Year Built: 1930
Total Bedrooms: 2
Full Baths: 1
Half Baths: 1
Total Baths: 2
Remarks & Misc
Remarks – Consumer: Prime Fully-Rented Mixed-Use Investment Property in Old Town Key West!
Located on Fleming Street, just steps from Duval Street this high-visibility, high traffic corner building includes two ground-floor commercial units with large display windows. The upstairs offers a spacious 2BD/1BA upstairs apartment with additional 3rd floor storage. The interior features Dade County Pine walls and a 30-foot balcony. Zoned HRCC1, this historic property offers excellent rental income and long-term value. Seller Financing Only- This property is being offered exclusively with Seller financing. All offers must include terms acceptable to the Seller's financing structure. Contact agent for financing terms.
Directions: Take US 1 South to Key West. Heading down Truman Ave turn right onto Duval St and right onto Fleming St, 518 Fleming St is on your right side.
Status Change Info
Sold Comments: Thank you Joe!
Sold Date: 2025-08-08
Sold Price: $1,750,000
Status: Closed
Deed Restrictions
Unknown: 1
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Type
Retail: 1
Fee Includes
None: 1
Dockage
None: 1
Accounts & Meters
# Electric Meters: 2
Appliances
Dishwasher: 1
Range: 1
Refrigerator: 1
Other: Microwave
Property Info
# Kitchens: 1
# Refrigerators: 1
# Range/Ovens: 1
2 Bed/Bath: 1
Cooling
Ceiling Fans(s): 1
Wall/Window Unit(s): 1
Waterfront
None: 1
Waterview
No Waterview: 1
Floor
Carpet: 1
Laminate: 1
Tile: 1
Wood: 1
Interior Features
Smoke Alarms: 1
Windows/Doors
Double Hung Windows: 1
Wood Windows: 1
Construction
Frame: 1
Land Size
Less Than 1/4 Acre: 1
Terms
Seller Finance Psble: 1
Utilities
Buyer to Verify: 1
FKAA: 1
Municipal Sewer: 1
Separate Meters: 1
Title
Title Ins - Buyer: 1
Property Rights
Multi-Use/Commercial: 1
Miscellaneous
High Traffc Location: 1
High Visibility: 1
Roof
Metal Roof: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Tenant Paid
Electric: 1
Water: 1
Property Features
Deed Restrictions: Unknown
Type: Retail
Waterfront: None
Waterview: No Waterview
Dockage: None
Cooling: Ceiling Fans(s); Wall/Window Unit(s)
Utilities: Buyer to Verify; FKAA; Municipal Sewer; Separate Meters
Interior Features: Smoke Alarms
Appliances: Dishwasher; Range; Refrigerator
Miscellaneous: High Traffc Location; High Visibility
Construction: Frame
Floor: Carpet; Laminate; Tile; Wood
Roof: Metal Roof
Land Size: Less Than 1/4 Acre
Fee Includes: None
Terms: Seller Finance Psble
Title: Title Ins - Buyer
Tenant Paid: Electric; Water
Property Rights: Multi-Use/Commercial
Listing Office:
Coldwell Banker Schmitt Real Estate Co. (KW)
Last Updated: August - 11 - 2025
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.