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3216 Flagler Ave 11,036 SF 100% Leased Retail Building Key West, FL 33040 $6,150,000 ($557.27/SF)
Investment Highlights
- Prime Flagler Avenue visibility in established New Town commercial district
- Flexible interior suited for retail, service, professional, or adaptive reconfiguration
- Attractive owner user or investor opportunity with potential financing consideration
- Dual frontage with glass storefront presence and convenient rear access
- Strong year round consumer base driven by local residents and steady visitor activity
Executive Summary
The property benefits from a full glass storefront directly on Flagler Avenue, one of Key West’s busiest east west corridors that connects local residential neighborhoods with shopping, schools, and business districts. A secondary entrance on Riviera Drive enhances operational efficiency and circulation, further supported by a large steel rear service door that simplifies deliveries, storage, and vendor access. With ceiling heights measuring over ten feet and an open interior layout, the building offers strong adaptability for customization, expansion, or reconfiguration depending on an owner user’s operational needs.
New Town has evolved into a highly active professional and retail district, characterized by steady consumer traffic, stable demographics, and year round demand from both local residents and seasonal visitors. Its strategic placement provides convenient proximity to Key West International Airport, the primary commercial corridors, and essential services. The flexibility of this property enhances its appeal for potential redevelopment, repositioning, or long term hold strategies.
The asset is offered at 6,150,000, with some owner financing available for qualified buyers. Investors seeking a versatile commercial structure in a proven Key West location will find this an attractive opportunity to secure a presence along one of the island’s most recognized and traveled avenues.
Property Facts
Amenities
- Pylon Sign
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Located in the well established New Town commercial district, 3216 Flagler Avenue offers a high quality professional space with rare dual frontage that supports both visibility and convenience. The available suite spans approximately 2600 to 3877 square feet, designed around a large open layout ideal for office, retail, wellness, creative uses, or service based operations seeking a strong everyday traffic corridor. The prominent glass entrance on Flagler Avenue draws in natural light and provides immediate brand exposure to one of Key West’s primary commuter routes. The interior structure is configured for efficiency with generous ceiling height of 10 feet 9 inches, allowing for versatile planning of work areas, showroom space, collaborative environments, or customer facing functions. A private restroom and off street parking add operational ease, while a rear service entrance on Riviera Drive improves flow for employees, deliveries, and client access. A 46 inch by 81 inch steel door enhances rear loading capabilities, supporting businesses that require discreet or frequent supply movement. Flexibility is a hallmark of this offering. Owners may retain approximately 800 square feet or adjust the yellow designated portion of the floor plan, which ranges from 877 to 1277 square feet, to achieve a desired layout for tenants needing less than the full space. This adaptability allows tenants to secure a right sized configuration without compromising functionality or visibility. The location’s proximity to residential neighborhoods, schools, major commercial services, and central travel corridors positions this space for businesses that rely on consistent local traffic and convenience. Offered at 35.00 NNN with consideration of 35 to 40 per square foot NNN depending on configuration, this space provides an excellent opportunity for tenants seeking solid placement within Key West’s most active mainland district.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 2,600-3,877 SF | Office/Retail | - | 30 Days |
1st Floor
| Size |
| 2,600-3,877 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| 30 Days |
1st Floor
| Size | 2,600-3,877 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | 30 Days |
Located in the well established New Town commercial district, 3216 Flagler Avenue offers a high quality professional space with rare dual frontage that supports both visibility and convenience. The available suite spans approximately 2600 to 3877 square feet, designed around a large open layout ideal for office, retail, wellness, creative uses, or service based operations seeking a strong everyday traffic corridor. The prominent glass entrance on Flagler Avenue draws in natural light and provides immediate brand exposure to one of Key West’s primary commuter routes. The interior structure is configured for efficiency with generous ceiling height of 10 feet 9 inches, allowing for versatile planning of work areas, showroom space, collaborative environments, or customer facing functions. A private restroom and off street parking add operational ease, while a rear service entrance on Riviera Drive improves flow for employees, deliveries, and client access. A 46 inch by 81 inch steel door enhances rear loading capabilities, supporting businesses that require discreet or frequent supply movement. Flexibility is a hallmark of this offering. Owners may retain approximately 800 square feet or adjust the yellow designated portion of the floor plan, which ranges from 877 to 1277 square feet, to achieve a desired layout for tenants needing less than the full space. This adaptability allows tenants to secure a right sized configuration without compromising functionality or visibility. The location’s proximity to residential neighborhoods, schools, major commercial services, and central travel corridors positions this space for businesses that rely on consistent local traffic and convenience. Offered at 35.00 NNN with consideration of 35 to 40 per square foot NNN depending on configuration, this space provides an excellent opportunity for tenants seeking solid placement within Key West’s most active mainland district.
Nearby Major Retailers
Property Taxes
| Parcel Number | 00069060-000100 | Improvements Assessment | $925,505 |
| Land Assessment | $850,961 | Total Assessment | $1,776,466 |
Property Taxes
Presented by
Budde's
3216 Flagler Ave
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