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812 Fleming St - Seafoam Retail Condominiums 665 SF Office/Medical Condo Unit Offered at $415,000 in Key West, FL 33040



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
| Sale Type | Investment or Owner User | APN/Parcel ID | 00008320-000104 |
| Sale Conditions | 1031 Exchange, Ground Lease (Leasehold), Build to Suit |
| Sale Type | Investment or Owner User |
| Sale Conditions | 1031 Exchange, Ground Lease (Leasehold), Build to Suit |
| APN/Parcel ID | 00008320-000104 |
| 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
Amenities
- 24 Hour Access
- Signage
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Smoke Detector
Demographics
Demographics
Nearby Major Retailers
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812 Fleming St - Seafoam Retail Condominiums
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