518 Fleming Street, Key West, FL 33040 (MLS# 615088)

518 Fleming Street, Key West, FL 33040

$1,750,000

Virtual Tour

https://www.zillow.com/view-3d-home/51f9f213-eed3-4d10-aaa2-b12be5522d00?setAttribution=mls&wl=true&utm_source=dashboard

Property Type: Commercial Sale Bedrooms: 2 Baths: 2 Square Footage: 1,888 Lot Size (sq. ft.): 1,125 Status: Closed

Current Price: $1,750,000 List Date: 5/19/2025 Last Modified: 8/11/2025

Overview

Description

Prime Fully-Rented Mixed-Use Investment Property in Old Town Key West! Located on Fleming Street, just steps from Duval Street this high-visibility, high traffic corner building includes two ground-floor commercial units with large display windows. The upstairs offers a spacious 2BD/1BA upstairs apartment with additional 3rd floor storage. The interior features Dade County Pine walls and a 30-foot balcony. Zoned HRCC1, this historic property offers excellent rental income and long-term value. Seller Financing Only- This property is being offered exclusively with Seller financing. All offers must include terms acceptable to the Seller's financing structure. Contact agent for financing terms.

Listing Details MLS# 615088

Location, Tax & Legal

Street #: 518
Street Name: Fleming
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Subdivision: Old Town - Unrecord (1.0)
County: Monroe
Area: 01 - Key West

Contract Information

Listing Board: Key West Association
Limited Representation: No
Potential Short Sale: No
Bank Owned: No

General Property Description

Realtor.COM Type: Commercial
Style: Commercial
Lot SqFt: 1125
Waterfront: No
# Stories: 2
Total # Buildings: Yes
Building SqFt: 1888
SqFt Source: Property Data Card
Living Apx SqFt: 1888
Total Units: 3
Year Built: 1930
Total Bedrooms: 2
Full Baths: Yes
Half Baths: Yes
Total Baths: 2

Status Change Info

Under Contract Date: 2025-06-26
Leased Date: 2025-08-08
Sold Comments: Thank you Joe!

Association Info

Mandatory Home Owners Asc: No
1st Right of Refusal: No

Property Info

# Kitchens: Yes
# Refrigerators: Yes
# Range/Ovens: Yes
2 Bed/Bath: Yes

More Information

Appliances

Other: Microwave

Financial Status

Bank Owned: No
Potential Short Sale: No

Property Features

Deed Restrictions: Unknown Type: Retail Waterfront: None Waterview: No Waterview Dockage: None Cooling: Ceiling Fans(s); Wall/Window Unit(s) Utilities: Buyer to Verify; FKAA; Municipal Sewer; Separate Meters Interior Features: Smoke Alarms Appliances: Dishwasher; Range; Refrigerator Miscellaneous: High Traffc Location; High Visibility Construction: Frame Floor: Carpet; Laminate; Tile; Wood Roof: Metal Roof Land Size: Less Than 1/4 Acre Fee Includes: None Terms: Seller Finance Psble Title: Title Ins - Buyer Tenant Paid: Electric; Water Property Rights: Multi-Use/Commercial

Listing Office: Coldwell Banker Schmitt Real Estate Co. (KW)

Last Updated: August - 11 - 2025

The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.