About This Home

This 0-bedroom, 1-bathroom commercial at 1421 First Street in Key West, FL is listed for $1,250,000. Built in 1948, on a 0.06 acres lot.

Key Features

  • Built in 1948
  • 0.06 acre lot

Property Details

1 half
1948

Amenities

View
Listing Description

Rare opportunity to own two adjoining commercial condominium units on First Street, offered together as a single income-producing package in a central Key West location. Unit 3 consists of 233 SF and is fully leased, providing immediate income and strong in-place cash flow.

The space is enhanced by a custom patio and tiki area. Unit 2 offers 1,160 SF of office space with five private offices and a restroom, making it ideal for an owner-user, professional office, or an investor seeking additional rental income. Whether you're looking for an investment, owner-user opportunity, or both, this versatile property offers flexibility and income in one of Key West's most accessible commercial corridors.

Monthly Cost Estimate

$6,685/mo

20% down · 6.5% · 30 years

Principal$904
Interest$5,417
Insurance$365

Estimates only. Actual payments may vary.

Location

1421 First Street

Key West, FL 33040

New Town - Unlisted (2.0)

Property Details

Construction

CBS

Views

Water

Questions & Answers

This 0-bedroom, 1-bathroom commercial at 1421 First Street is listed at $1,250,000. The estimated monthly payment is $6,686 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1948, 0.06 acre lot.

This property is listed by Team Gardner/Langley and can be reached at 3059022447.

TG

Team Gardner/Langley

Agent at Berkshire Hathaway Keys Real Estate | Knight & Gardner Realty

(305) 902-2447

Listed by Berkshire Hathaway Keys Real Estate | Knight & Gardner Realty · Broker phone: (305) 294-5155 · View on Broker Site

MLS# 620301· Source: Key West Association of Realtors· 81 days on PropertySimple

Copyright © 2026 Key West Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1421 First Street, Key West, FL 33040

Open this listing in: