What to Know Before You Buy a Commercial Building You Plan to Lease OutIf you’re buying a commercial building so you can lease it out, here’s what you need to know first.

Mixed Use Commercial Spaces

If you’re looking to increase your financial or investment portfolio by adding some real property, there are many options to consider. You could try to flip some houses in a low cost area slated to grow. Or, you could get into the commercial real estate market. This may include any different number of options for commercial spaces. Mixed use properties have much to offer, both for tenants and investors.

  • Office space
  • Eateries
  • Storage
  • Residential space
  • Public space

Each of these categories provides a strong potential for long term and reliable income opportunities. You can be a commercial landlord, or property manager, or you can become a silent investor and hire a property management company to handle the details. Although there is much money to be made by purchasing and leasing commercial real estate, there are also some pitfalls you want to keep an eye out for along the way.

Insurance Liability and Costs

As one of the biggest expenses in commercial real estate, insurance premiums seem to be constantly on the rise. Depending on type of space you have, you will will need to purchase specific policies. In the case of mixed use buildings, you may need additional fire coverage for one area and internal flood insurance for a separate business. Leasing to office building tenants or residential customers is a little easier in terms of insurance policies, because these groups are not considered high risk in most cases. Individual residents can even purchase their own renter’s insurance since you won’t be required to cover their personal property.

Zoning Laws and Parking Permit Changes

Many things are subject to change for any property owner. So, you want to ensure that you are up to date with all zoning meetings. Attend them. It’s your responsibility to know what’s going on in the community and give your input when it could potentially impact your own business. Parking changes, such as adding metered parking, closing off street parking, or proposing to close or change fee structures for nearby parking garages all have a potential impact on your bottom line. Don’t risk losing your profits by not being aware of upcoming community changes. Perform your due diligence regularly and enjoy the rewards of commercial real estate.

Hot Key West Business Opportunities

Are You Looking for Commercial Property in the Florida Keys?

Use our site to search commercial real estate in Key West and all of the Florida Keys. Unlike the “big name” sites out there, our site is directly connected to our local MLS and is updated with new properties every HOUR. By creating a Property Manager account you can stay on top of the newest businesses that go up on the market and get Price Change alerts so you can stay ahead of other buyers and beat them to the best deals!
In the meantime, check out these 1-click searches:

Newest Key West Commercial Properties on the Market

Prime Commercial property for sale on Stock Island! Located on Laurel Ave, with convenient access to Overseas Hwy. Property sits behind the free-standing CVS at MM 5. County Zoning is Mixed Use (MU) with many Commercial and Residential uses possible. Located in an AE flood zone. Subject property consists of two 50' x 125' lots totalling 100' of frontage x 125' deep on Laurel Ave. Large lot has covered and outdoor work areas. There is a large, ground level, 5,258 sf. CBS building in fair condition on the property. New building may be considered. Adjoining properties both have newer built structures. Part of building is owner occupied and portion leased to Cycle shop for rental income.Occupational Licenses for Public Service Marine Repair, Towing & Salvage and Retail Sales and Auto Repair, Detailing, Towing & Rentals.Seller may consider Owner Financing to a Qualified buyer. $2,150,000 Active

5670 Laurel Avenue Stock Island, Florida

5,258 SqFt

This Oceanside Marina presents an unparalleled investment and boating opportunity in the heart of the Florida Keys. With 650 feet of deep-water dockage, a 7-foot control depth, and an on-site boat ramp, this marina accommodates a wide range of vessels, making it the perfect gateway to world-class fishing, diving, and cruising destinations. Conveniently located just a short drive from Miami and Homestead and only minutes from Ocean Reef and Key Largo's vibrant attractions, this property offers both seclusion and accessibility. The marina features 16 separately deeded boat slips, providing an excellent opportunity for individual ownership or rental income, along with ample boat and trailer parking, to meet diverse needs. Additionally, the property includes seven RV pads, offering a unique opportunity for extended waterfront stays, further enhancing its income-generating potential. Combining deeded slips, RV accommodations, a boat ramp, and premium dockage, this marina is a rare find in one of the most desirable coastal locations. Whether you're an investor seeking high-yield waterfront real estate or a boating enthusiast looking for the ultimate homeport, this exceptional property delivers endless possibilities. $5,000,000 Active

199 Morris Avenue KEY LARGO, Florida

2 Baths 224 SqFt

Once-in-a-Lifetime Opportunity: Own the Iconic Alabama Jacks in Key Largo!Step into the legacy of one of the most celebrated waterfront establishments in the USA. This legendary bar and restaurant, continually rated among the Best Bars & Restaurants in South Florida, Florida, and the nation, is ready for its next chapter. Located on Card Sound Road at the foot of the Card Sound Bridge, Alabama Jacks has been a beloved destination since the 1950s, renowned for its authentic charm, lively atmosphere, and world-famous conch fritters.Key Features:Rich History: Established in 1947 and operated by the current owner since 1981, this landmark has maintained its iconic status and rustic charm, drawing locals, tourists, and celebrities alike.Turnkey Package: Sale includes the business name, domain names, Facebook page, a thriving retail t-shirt business, proprietary recipes, and all furniture, fixtures, and equipment (FF&E).Prime Waterfront Property: Two parcels totaling 41,602 square feet (.95 acres) with over 360 linear feet of boat docks, direct boating access, and a private boat ramp (currently unused, offering potential for new revenue streams).Buildings & Infrastructure: Includes 2,297 sq. ft. of finished space, 4,729 sq. ft. of canopy space, and an apartment for onsite living or staff use. Also features a desalination system and a backup water truck with a tank.Long-Term Lease: New & Secure, 20-year lease with the U.S. Government renewed in 2021 through 2041.Unparalleled LegacyAlabama Jacks is a true piece of Americana, beloved by generations and celebrated in publications and TV appearances by icons like Emeril Lagasse, Conde Nast, and Kathie Lee Gifford. Whether you're continuing its proud traditions or exploring new opportunities, this business is primed for success. Opportunity to Franchise the name and brand. Don't miss this chance to own a slice of Florida Keys history and elevate an already thriving landmark to its next level. $6,000,000 Active

58000 Card Sound Road KEY LARGO, Florida

1 Beds 3 Baths 2,297 SqFt

Exceptional 6-unit multi-family commercial property conveniently accessible from both 51st Street and 50th Street. This property offers unparalleled convenience and charm in the heart of Marathon. Comprised of three buildings surrounding a serene courtyard oasis complete with a sparkling pool, tiki bar, and grill. Boasting a total of five efficiencies and a separate two-bedroom, two-bathroom unit, making it an investor's dream. Each unit has undergone extensive remodeling, featuring tile floors, impact windows, AC systems, state-of-the-art appliances, cabinets, and quartz countertops. Ample off-street parking for over eight vehicles. Zoned MU Commercial with six TBRs (Building Rights), this property offers versatile opportunities for investors, whether for short-term rentals, long-term leasing, or commercial endeavors. CA/NDA and proof of funds or bank pre-approval is required. $1,599,999 Active

295 51St Street Gulf MARATHON, Florida

7 Beds 7 Baths 2,614 SqFt


[button size=”large” url=”https://homes.floridakeyscommercial.com/i/newest-commercial-properties-for-sale-in-key-west-fl” expand=”true” color=”#dd3333″]View All[/button]