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
Overview
Description
Listing Details MLS# 615088
Location, Tax & Legal
- 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
- 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
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
- 1125
- Waterfront
- No
- # Stories
- 2
- Total # Buildings
- Yes
- Building SqFt
- 1888
- SqFt Source
- Property Data Card
- Living Apx SqFt
- 1888
- Total Units
- 3
- Year Built
- 1930
- Total Bedrooms
- 2
- Full Baths
- Yes
- Half Baths
- Yes
- Total Baths
- 2
- Control Depth
- 0
Status Change Info
- Sold Date
- 2025-08-08
- Sold Comments
- Thank you Joe!
Association Info
- Mandatory Home Owners Asc
- No
- 1st Right of Refusal
- No
Property Info
- # Kitchens
- Yes
- # Refrigerators
- Yes
- # Range/Ovens
- Yes
- 2 Bed/Bath
- Yes
More Information
Appliances
- Other
- Microwave
- Dishwasher
- Yes
- Range
- Yes
- Refrigerator
- Yes
Financial Status
- Bank Owned
- No
- Potential Short Sale
- No
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.
Deed Restrictions
- Unknown
- Yes
Type
- Retail
- Yes
Fee Includes
- None
- Yes
Dockage
- None
- Yes
Accounts & Meters
- # Electric Meters
- 2
Cooling
- Ceiling Fans(s)
- Yes
- Wall/Window Unit(s)
- Yes
Waterfront
- None
- Yes
Waterview
- No Waterview
- Yes
Floor
- Carpet
- Yes
- Laminate
- Yes
- Tile
- Yes
- Wood
- Yes
Interior Features
- Smoke Alarms
- Yes
Windows/Doors
- Double Hung Windows
- Yes
- Wood Windows
- Yes
Construction
- Frame
- Yes
Land Size
- Less Than 1/4 Acre
- Yes
Terms
- Seller Finance Psble
- Yes
Utilities
- Buyer to Verify
- Yes
- FKAA
- Yes
- Municipal Sewer
- Yes
- Separate Meters
- Yes
Title
- Title Ins - Buyer
- Yes
Property Rights
- Multi-Use/Commercial
- Yes
Miscellaneous
- High Traffc Location
- Yes
- High Visibility
- Yes
Roof
- Metal Roof
- Yes
Tenant Paid
- Electric
- Yes
- Water
- Yes
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.