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  • 3201 Flagler Avenue STE 507, Key West, FL 33040 (MLS# 618665)

3201 Flagler Avenue STE 507, Key West, FL 33040

$749,000
Property Type: Commercial Sale Baths: 1 Square Footage: 1,491 Lot Size (sq. ft.): 30,878 Status: Active
Current Price: $749,000 List Date: 2/16/2026 Last Modified: 2/24/2026

Description

Welcome to Flagler Center III, a brand-new mixed‑use development currently under construction, with groundbreaking already completed and anticipated completion by the end of 2026. This 1,491 ± sq. ft. commercial space, comprised of two combined units, presents an outstanding opportunity for businesses looking to establish or expand in one of Key West's most sought‑after commercial corridors. The project will feature 14 residential and 14 commercial units (with select units combined), creating built‑in foot traffic and long‑term value. The subject unit includes two separate parcel IDs, allowing it to be split into two individual units, offering exceptional flexibility and strong investment potential. The property offers ample parking and ADA‑compliant access. Delivered as a white box, the space allows buyers to design and build out the interior to suit their specific business needs. Ideal for professional services, medical offices, or retail use, this property benefits from strong rental demand driven by Key West's limited commercial inventory. The prime location provides excellent visibility, consistent foot traffic, and outstanding exposure, making it an excellent opportunity for both owner‑users and investors.

More Information MLS# 618665

Contract Information

Listing Board: Key West Association Limited Representation: No Potential Short Sale: No Bank Owned: No Current Price: $749,000 Listing Date: 2026-02-16 List Price: $749,000

Location, Tax & Legal

KW Neighborhood: New Town Unit #: STE 507 City: KEY WEST Mile Marker: 3 Marathon Neighborhood: N/A Side: N/A Flood Zone: A/E Alternate Key #: 8876033 Parcel #: 00052870000307 Zoning: RO - Residential/Office Legal: Flagler Center Iii, A Condominium Units 507 & 508 & 7.1428% Common Elements Or1421-2021 (Re 52870-000308 Combined With T Taxes: 2392.07 Tax Year: 2025 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

General Property Description

Realtor.COM Type: Commercial Waterfront: No Control Depth: 0 Lot Size: 58'-7''X 24'8'' Lot SqFt: 30878 Total Units: 14 # Parking Spaces: 41 Off Street Parking: YES # Stories: 2 SqFt Source: Property Data Card Style: Commercial Living Apx SqFt: 1491 Year Built: 2026 Half Baths: 1 Total Baths: 1

Remarks & Misc

Remarks – Consumer: Welcome to Flagler Center III, a brand-new mixed‑use development currently under construction, with groundbreaking already completed and anticipated completion by the end of 2026. This 1,491 ± sq. ft. commercial space, comprised of two combined units, presents an outstanding opportunity for businesses looking to establish or expand in one of Key West's most sought‑after commercial corridors. The project will feature 14 residential and 14 commercial units (with select units combined), creating built‑in foot traffic and long‑term value. The subject unit includes two separate parcel IDs, allowing it to be split into two individual units, offering exceptional flexibility and strong investment potential. The property offers ample parking and ADA‑compliant access. Delivered as a white box, the space allows buyers to design and build out the interior to suit their specific business needs. Ideal for professional services, medical offices, or retail use, this property benefits from strong rental demand driven by Key West's limited commercial inventory. The prime location provides excellent visibility, consistent foot traffic, and outstanding exposure, making it an excellent opportunity for both owner‑users and investors.

Association Info

Mandatory Home Owners Asc: Yes 1st Right of Refusal: Yes

Type

Office Buildings: 1 Professional Service: 1 Retail: 1 Shop/Strip Center: 1 Other Services: 1

Fee Includes

Building Insurance: 1 Common Area Mnt: 1

Dockage

None: 1

Appliances

No Appliances: 1

Cooling

Central Air: 1

Waterfront

None: 1

Waterview

No Waterview: 1

Windows/Doors

Impact Rstnce Window: 1

Vehicle Storage

Common Parking: 1 Off Street Parking: 1

Construction

CBS: 1 Concrete: 1 Frame: 1

Land Size

None: 1

Terms

Seller Finance Psble: 1

Utilities

Buyer to Verify: 1 FKAA: 1

Auction Info

Auction: No

Financial Status

Bank Owned: No Potential Short Sale: No

Status Change Info

Status: Active

Property Features

Type: Office Buildings; Professional Service; Retail; Shop/Strip Center; Other Services Waterfront: None Waterview: No Waterview Dockage: None Vehicle Storage: Common Parking; Off Street Parking Cooling: Central Air Utilities: Buyer to Verify; FKAA Appliances: No Appliances Construction: CBS; Concrete; Frame Land Size: None Fee Includes: Building Insurance; Common Area Mnt Terms: Seller Finance Psble
Listing Office: Keys Top Realty LLC
Last Updated: February - 24 - 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.

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