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1421 1st St 1,393 SF Office/Retail Condo Unit Offered at $1,250,000 in Key West, FL 33040
Executive Summary
Located in the heart of New Town Key West, 1421 First Street offers excellent visibility and accessibility along one of the island's primary commercial corridors. Just minutes from Downtown Key West, the Historic Seaport, and the airport, the property benefits from strong daily traffic and convenient access for both customers and employees. Surrounded by a mix of professional offices, retail businesses, restaurants, and residential neighborhoods, this central location provides a strategic setting for owner-users and investors alike. Its position in one of Key West's most established commercial districts makes it well-suited for a variety of business and investment uses.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment |
| Sale Type | Investment |
Description
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.
Sale Notes
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 | Unit Size | Condo Use | Price | NOI |
| Unit 2-3 | 1,393 SF | Office/Retail | $1,250,000 ($897.34/SF) | - |
Unit 2-3
| Unit Size |
| 1,393 SF |
| Condo Use |
| Office/Retail |
| Price |
| $1,250,000 ($897.34/SF) |
| NOI |
| - |
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Unit 2-3
| Unit Size | 1,393 SF |
| Condo Use | Office/Retail |
| Price | $1,250,000 ($897.34/SF) |
| NOI | - |
| Sale Type | Investment |
| Description | |
| 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.</li></ul> | |
| Sale Notes | |
| 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.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 4,437 SF | Typical Floor Size | 1,393 SF |
| Property Type | Office (Condo) | Year Built | 1950 |
| Building Class | C | Tenancy | Single |
| Floors | 1 | Lot Size | 0.11 AC |
| Zoning | CL - Light commercial | ||
| Total Building Size | 4,437 SF |
| Property Type | Office (Condo) |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 1,393 SF |
| Year Built | 1950 |
| Tenancy | Single |
| Lot Size | 0.11 AC |
| Zoning | CL - Light commercial |
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Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
20/100
Exceptionally bikeable
90/100
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Contact the Sale Advisor
1421 1st St