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3718 N Roosevelt Blvd 1,133 SF Office Condo Unit Offered at $599,000 in Key West, FL 33040
Investment Highlights
- High visibility and exposure on U.S. Highway 1, the island’s primary traffic route.
- Positioned along North Roosevelt Boulevard, a major commercial corridor in Key West.
- Close proximity to Key West International Airport and the historic district.
- Surrounded by retail, hospitality, and service businesses in a thriving commercial hub.
Executive Summary
This property is located along North Roosevelt Boulevard, one of Key West’s primary commercial corridors, offering strong visibility and convenient access to the island’s main thoroughfare. The site benefits from steady traffic flow as it sits on U.S. Highway 1, the only highway connecting Key West to the Florida mainland, ensuring consistent exposure to both local and tourist populations. The surrounding area features a mix of retail, hospitality, and service-oriented businesses, creating a dynamic commercial environment. Nearby amenities include national retailers, local dining establishments, and waterfront attractions, all contributing to a vibrant business setting. The property’s location provides excellent connectivity to Key West International Airport, which is just a short drive away, and is within close proximity to the island’s historic district and residential neighborhoods. This address offers a unique opportunity for businesses seeking a presence in a high-demand market with strong year-round activity driven by tourism and local commerce.
Property Facts
| Total Building Size | 1,133 SF | Floors | 1 |
| Property Type | Office (Condo) | Typical Floor Size | 1,133 SF |
| Property Subtype | Medical | Year Built | 1983 |
| Building Class | B | Lot Size | 0.96 AC |
| Zoning | CG - General Commercial | ||
| Total Building Size | 1,133 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 1,133 SF |
| Year Built | 1983 |
| Lot Size | 0.96 AC |
| Zoning | CG - General Commercial |
Amenities
- Storage Space
- Natural Light
- Open-Plan
- Secure Storage
- Air Conditioning
- Smoke Detector
1 Unit Available
Unit F
| Unit Size | 1,133 SF | Cap Rate | 8.17% |
| Price | $599,000 | NOI | $48,938.30 |
| Price Per SF | $528.68 | Sale Conditions | 1031 Exchange |
| Condo Use | Office | APN/Parcel ID | 00065181-000300 |
| Sale Type | Investment |
| Unit Size | 1,133 SF |
| Price | $599,000 |
| Price Per SF | $528.68 |
| Condo Use | Office |
| Sale Type | Investment |
| Cap Rate | 8.17% |
| NOI | $48,938.30 |
| Sale Conditions | 1031 Exchange |
| APN/Parcel ID | 00065181-000300 |
Description
*****Investors!!!!!******
Seven (8%) Cap Rate. Fully Leased Office Condo to a very strong tenant with very little overhead. This is the easy investment you are looking for.
3 private offices with a large conference room, nice lobby and kitchen area. Great professional building with a wonderful mix of owners and tenants. Professionally managed building. Great location with amazing signage on North Roosevelt Blvd, one of the busiest streets in all of Key West. There is also an ocean view, so you can remember where you are!
Please do not go to unit without listing agent, must make an appointment to show. Call today!
All owners are Florida Licensed Real Estate Brokers and listings agent is also an owner of this office/condo.
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3718 N Roosevelt Blvd
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