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Investment Highlights

  • Rare opportunity to acquire one of only two commercial units at the Seafoam Condominiums, offering highly limited inventory in Old Town Key West.
  • Turnkey 665-square-foot layout allows immediate occupancy, providing a cost-effective alternative to leasing for an owner seeking long-term control.
  • Strong street presence is enhanced by large display windows and handcrafted mahogany French doors, delivering visibility and comforting natural light.
  • Ground-floor location supports various uses, including boutique retail, professional office/service-focused businesses, or light medical applications.
  • Renovated interior features 12-foot ceilings, premium finishes, updated systems, with reception, administrative, and private office areas.
  • Secure access, valuable on-site amenities, comprehensive insurance coverage, and long-term peace of mind in an X flood zone with no floor history.

Executive Summary

In Old Town Key West, 812 Fleming Street offers a rare opportunity to acquire a boutique commercial condo within the highly desirable Seafoam Condominiums. This ground-floor unit is one of only two commercial spaces in the building, forming a uniquely limited ownership opportunity within one of the island’s most walkable and historically rich neighborhoods. Held by the same owner since 2008, the unit presents stability and pride of ownership, now available for a new owner/user seeking long-term control of their operating footprint in a high-demand market. The 665-square-foot space is configured for various uses, including standard or creative retail, professional office, services, or light medical applications. Delivered fully turnkey, the unit is well-suited for businesses looking to transition from leasing to ownership, capturing long-term financial benefits while establishing a permanent presence in Key West. Having undergone a comprehensive renovation, the unit is move-in ready, highlighted by 12-foot ceilings that enhance the sense of space and natural light. The interior layout is highly functional, featuring a welcoming front reception area with a service window, a dedicated administrative office, and a private office toward the rear. A private side entrance complements the main storefront access, offering flexibility and convenience for staff and clients. Large pane display windows line the exterior, while handcrafted mahogany French doors create an inviting street presence. Interior upgrades include Brazilian cherry wood flooring, keystone tile in the ADA-compliant half bath, updated electrical and lighting systems, fresh paint, central air conditioning, and a wireless security system. Ownership includes access to a secure coded entrance, interior atrium hallways, and a private in-ground pool exclusive to residents and guests. The HOA provides comprehensive coverage, with monthly dues covering liability, wind, and flood insurance, along with reserves. Notably, the building is located in an X flood zone and has no history of flooding, and it remains fully compliant with current structural integrity and milestone inspection requirements, offering additional peace of mind for ownership. Surrounded by the charm and energy of Old Town, the property benefits from strong pedestrian traffic and proximity to local staples such as Date & Thyme Organic Café, boutique hotels, restaurants, and the waterfront. The location supports daily business needs and client convenience, while reinforcing long-term value through its enduring appeal as one of Key West’s premier districts. Note: Showings are available with at least 24-hour advance notice only. The listing broker must be present for all tours. Please do not disturb the existing business or its customers.

1 Unit Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit 2
  • 665 SF
  • Office/Medical
  • $415,000 ($624.06/SF)
  • -
Sale Type Investment or Owner User
Sale Conditions 1031 Exchange, Ground Lease (Leasehold), Build to Suit
APN/Parcel ID 00008320-000104
Description
812 Fleming Street is a 665-square-foot, move-in ready condo ideal for retail, office, service, or light medical use, featuring a functional layout with a front reception area, two private offices, high ceilings, and both storefront and side entrances.
Unit Unit Size Condo Use Price NOI
Unit 2 665 SF Office/Medical $415,000 ($624.06/SF) -

Unit 2

Unit Size
665 SF
Condo Use
Office/Medical
Price
$415,000 ($624.06/SF)
NOI
-

Unit 2

Unit Size 665 SF
Condo Use Office/Medical
Price $415,000 ($624.06/SF)
NOI -
Sale Type Investment or Owner User
Sale Conditions 1031 Exchange, Ground Lease (Leasehold), Build to Suit
APN/Parcel ID 00008320-000104
Description
812 Fleming Street is a 665-square-foot, move-in ready condo ideal for retail, office, service, or light medical use, featuring a functional layout with a front reception area, two private offices, high ceilings, and both storefront and side entrances.</li></ul>

Property Facts

The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 3,710 SF
Property Type Retail (Condo)
Property Subtype
Storefront
  • General Retail Storefront Retail/Office
  • General Retail Storefront Retail/Residential
  • Office Medical
Building Class B
Floors 3
Typical Floor Size 1,237 SF
Year Built 1992
Lot Size 0.20 AC
Zoning HNC2 - Historic Residential/Office

Amenities

  • 24 Hour Access
  • Signage
  • Wheelchair Accessible
  • Storage Space
  • Air Conditioning
  • Smoke Detector
Exceptionally walkable
100/100
Exceptionally drivable
100/100
Limited public transit
30/100
Very bikeable
80/100

Demographics

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 mile
3 mile
5 mile
15 min drive
2025 Population
8,498
19,854
26,575
26,442
2030 Population
8,086
18,754
25,045
24,905
2025-2030 Projected Population Growth
-4.8%
-5.5%
-5.8%
-5.8%
Median Age
49.6
44.5
43.4
43.4
College Degree + Higher
39%
35%
32%
23%
Daytime Employees
14,881
22,766
27,532
28,396
Total Businesses
1,610
2,810
3,292
3,704
Average Household Income
$115,212
$112,719
$112,966
$112,626
Median Household Income
$77,390
$83,492
$83,945
$83,529
Total Consumer Spending
$126.9M
$266.4M
$344.1M
$341.7M
2025 Households
4,244
8,683
11,169
11,106
Average Home Value
$956,646
$866,367
$846,354
$845,810

Nearby Major Retailers

IGA
Margaritaville
Fat Tuesday
First Horizon Bank
Miami Grill
Toyota
  • Listing ID: 40637460

  • Date on Market: 5/22/2026

  • Last Updated:

  • Address: 812 Fleming St, Key West, FL 33040

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