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5580 1st Ave 2,040 SF Office Building Key West, FL 33040 $2,295,000 ($1,125/SF)
Executive Summary
Significant Income Opportunity with income already on the books, with potential to push it more. Prime 25,000 SF mixed-use property on Stock Island featuring dual access from 1st and 2nd Avenue, a 2,040 SF concrete office/utility building, and expansive paved yard space. Zoned MU, the site supports a wide array of commercial, residential, and industrial uses. Fully fenced with ample parking, this versatile parcel offers exceptional redevelopment potential just minutes from Key West. An increasingly rare large MU tract in a high-demand growth corridor.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
2,040 SF
Building Class
C
Year Built
1964
Price
$2,295,000
Price Per SF
$1,125
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,040 SF
Building FAR
0.08
Lot Size
0.57 AC
Zoning
MU - Mixed Use
1 1
Bike Score®
Very Bikeable (86)
Property Taxes
| Parcel Number | 00125390-000000 | Improvements Assessment | $181,119 |
| Land Assessment | $1,121,006 | Total Assessment | $1,302,125 |
Property Taxes
Parcel Number
00125390-000000
Land Assessment
$1,121,006
Improvements Assessment
$181,119
Total Assessment
$1,302,125
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5580 1st Ave
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