812 Fleming St - Storefront CONDO FOR SALE


Key West, FL 33040
$415,000 USD
855-754-6081
812 Fleming St, Key West, FL for Sale
$415,000 USD
Storefront CONDO - FOR SALE
1/31
null | Request Cap Rate

812 Fleming St
Key West, FL 33040


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$415,000 USD

PRICE/SF

$624 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Seafoam Retail Condominiums

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Office, Storefront Retail/Residential, Medical

TOTAL BUILDING SIZE

3,710 SF

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,644 SF

ZONING

HNC2

APN/PARCEL ID

00008320-000100

ASK ABOUT THIS PROPERTY

Curtis A. Skomp, CCIMLoopnet LeadMore Info
855-754-6081

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Curtis A. Skomp, CCIMLoopnet LeadMore Info
855-754-6081

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.