Key West, FL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Key West, Florida Market population: 27K. Explore income-producing properties with verified cap rates and...

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Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

$2,450,000

Miami Multifamily (Condo)

Discover a prime investment opportunity at 136 NW 26th St in Miami, Florida. This Class B multifamily condo property, bu...

Cap Rate %

NOI $0

Size 30,000 SF

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📊 Avg Property Tax Rate For Key West FL Properties: 0.6400%

📊 Average Income For Key West FL Commercial Property: $73,341

Investor Questions For Key West FL

Common questions from investors exploring commercial real estate in Key West FL.

What makes Key West, FL an attractive market for real estate investment? +

The city's relatively low poverty rate of 10.3% and high health insurance coverage of 92.1% suggest a stable and employed population, while its top industries in Accommodation & Food Services, Retail Trade, and Arts, Entertainment, & Recreation drive demand for housing, with a median household income of $73,341 and a median property value of $634,100.

How does the city's ethnic diversity and commute time impact the real estate market? +

Key West's diverse population with top ethnicities including White, Hispanic or Latino, and Black or African American, contributes to a vibrant community, and with an average commute time of just 12.4 minutes, residents can easily access amenities and employment opportunities, making it an attractive location for renters and buyers alike, with 58.2% of the population being homeowners.

What are the key factors to consider when assessing the quality of life for tenants in Key West? +

The city's high health insurance coverage rate of 92.1% and low poverty rate of 10.3% indicate a stable and secure population, while the average commute time of 12.4 minutes and top commute methods including driving, working from home, and biking suggest a convenient and flexible lifestyle, with a median gross rent of $1,743 and a strong demand for housing in the area.

How does the local economy and industry impact the real estate market in Key West? +

The city's top industries in Accommodation & Food Services, Retail Trade, and Arts, Entertainment, & Recreation drive employment and demand for housing, with a median household income of $73,341 and a median property value of $634,100, while the GINI coefficient of 0.514 suggests a relatively equal distribution of income, contributing to a stable and secure market for real estate investment.

What are the implications of Key West's foreign-born rate and homeownership rate for real estate investors? +

The city's foreign-born rate of 17.8% and homeownership rate of 58.2% suggest a diverse and stable population, with a strong demand for housing and a relatively low poverty rate of 10.3%, making it an attractive market for real estate investment, with a median property taxes of $6,405 and a high health insurance coverage rate of 92.1% indicating a secure and stable community.

Key West FL Real Estate & City Facts

Key facts and real estate information about Key West FL.

What are some of the best neighborhoods to live in Key West? +

Some of the best neighborhoods to live in Key West include Old Town, The Meadows, Casa Marina District, Bahama Village, New Town, and Midtown. Each neighborhood has its own unique character and advantages, so it's worth researching to find the one that best fits your lifestyle and preferences.

What are some fun things to do in Key West? +

Key West has a lot to offer, from visiting the Ernest Hemingway Home and Museum to snorkeling at Fort Zachary Taylor State Park. You can also take a stroll down Duval Street, visit the Key West Butterfly and Nature Conservatory, or hop aboard the Conch Tour Train to discover the island's iconic landmarks. And don't forget to snap a pic at the southernmost point of the USA!

What is the food scene like in Key West? +

The food scene in Key West is amazing, with a variety of restaurants serving up fresh seafood, Cuban cuisine, and other local flavors. Some popular spots include Alonzo's Oyster Bar, BO's Fish Wagon, and Kim's Kuban. And don't miss the opportunity to try some key lime pie! There are also plenty of great food trucks and cafes to grab a quick bite or coffee.

What are the pros and cons of living in Key West? +

Living in Key West has its pros and cons. On the plus side, the island has a unique and charming atmosphere, with a strong sense of community and plenty of outdoor activities to enjoy. However, it can also be quite expensive, especially when it comes to housing and transportation. Additionally, the island can get crowded and noisy during peak tourist season, which may not be ideal for everyone.

Is Key West a good place to live? +

Whether or not Key West is a good place to live depends on your individual preferences and priorities. If you value a relaxed, island lifestyle and are willing to pay a premium for it, then Key West might be an excellent choice. However, if you're looking for a more affordable or fast-paced lifestyle, you might want to consider other options. Ultimately, it's worth visiting the island and getting a feel for the community and way of life before making a decision.

Key West, FL Commercial Investment Properties for Sale

Don’t just search properties. See why investors choose REI Capital.

Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

📊 Avg Property Tax Rate For Key West FL Properties: 0.6400%

📊 Average Income For Key West FL Commercial Property: $73,341

Investor Questions For Key West FL

Key West FL Real Estate & City Facts

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