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518 Duval St 2,155 SF of Retail Space Available in Key West, FL 33040
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,155 SF | Negotiable | $86.31 /SF/YR $7.19 /SF/MO $185,998 /YR $15,500 /MO | TBD |
1st Floor
Prime retail opportunity on the 500 block of Duval Street, one of the most visible and heavily trafficked corridors in Key West. This ground-floor space offers approximately 2,375 sq. ft. of premier retail area, surrounded by top national brands and strong local operators. The building has been well maintained with recent upgrades, including impact-rated storefront windows and doors. NNN charges are in addition to the quoted base rent. This location is ideal for a flagship retail presence seeking maximum exposure in Old Town Key West.
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 2,155 SF | Gross Leasable Area | 2,155 SF |
| Property Type | Retail | Year Built | 1953 |
| Property Subtype | Storefront |
| Total Space Available | 2,155 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 2,155 SF |
| Year Built | 1953 |
ABOUT THE PROPERTY
Located on the world-famous Duval Street, indulge in the eclectic dining experiences, explore local art galleries, and soak up the island's rich culture. With close proximity to renowned landmarks like the Ernest Hemingway Home and Museum, the Key West Butterfly and Nature Conservatory, and the iconic Southernmost Point, tenants at the property will enjoy a dynamic work-life balance. The surrounding area offers a blend of historic architecture, lush tropical landscapes, and a lively atmosphere, making it an ideal location for office tenants seeking inspiration and leisure in their professional environment.
NEARBY MAJOR RETAILERS
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518 Duval St
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