About 1421 First Street
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.
Features of 1421 First Street
| MLS® # | 620301 |
|---|---|
| Price | $1,250,000 |
| Bathrooms | 1.00 |
| Half Baths | 1 |
| Acres | 0.06 |
| Year Built | 1948 |
| Type | Commercial Sale |
| Sub-Type | Commercial |
| Status | Active |
Community Information
| Address | 1421 First Street |
|---|---|
| Area | 03 - Key West |
| Subdivision | New Town - Unlisted (2.0) |
| City | Key West |
| County | Monroe |
| State | FL |
| Zip Code | 33040 |
Amenities
| Utilities | FKAA |
|---|---|
| View | No Waterview |
| Is Waterfront | No |
| Waterfront | None |
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| Has Basement | No |
Exterior
| Lot Description | Less Than 1/4 Acre |
|---|---|
| Construction | CBS |
Additional Information
| Date Listed | June 17th, 2026 |
|---|---|
| Zoning | CL - Limited Commercial |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Team Gardner/langley |
|---|---|
| Office | Berkshire Hathaway HomeServices Knight & Gardner Realty |