12685 STATE ROAD 24 new Save Request In-Person Tour Request Virtual Tour
Cedar Key,FL 32625
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 2,544 sqft
Price per Sqft $167
Subdivision Coronet Park
MLS Listing ID V4940167
HOA Y/N No
Originating Board Stellar MLS
Year Built 1956
Annual Tax Amount $11,088
Lot Size 0.660 Acres
Acres 0.66
Property Description
It is time to enjoy your dream of owning a business steeped in Old Florida charm and history come to fruition in Cedar Key, a chain of barrier islands known to be a nature lover's oasis! This property zoned for commercial hotel/motel use allows for the full time occupancy of an owner or inn-keeper delivering possibilities to bring your island and coastal living hospitality vision to life! The lush, landscaped resort features 8 stand alone buildings enchanting you with 1950's cracker style cottages nestled along the back bay of the Gulf of Mexico, on the historic registry,& brimming with timeless character. Despite having endured damage from Hurricane Helene in 2024, their unique charm and potential still remain undeniable. Currently, 2 cottages are fully functional & a 3rd almost there providing the opportunity to reside on-site during restoration or construction while working on your vision and producing income. The possibilities are evident by the remarkable history of cash flow. Make your dreams a reality with 8 buildings total & offering infrastructure for one more individual cottage that was removed post Hurricane Helene, providing potential of 9 doors. An inventory of furnishings and equipment is available, giving you the insight into the resources already in place. Whether you envision restoring the cottages to their former glory or re-imagining the property for a new purpose, accept this invitation to own a piece of something truly special. A paradise brimming with promise while experiencing extraordinary fishing, birdwatching, nature trails, and more in your new Gulf Coast oasis.
Location
State FL
County Levy
Community Coronet Park
Interior
Heating Space Heater,Wall Units / Window Unit
Cooling Wall/Window Unit(s)
Flooring Ceramic Tile
Appliance Microwave,Refrigerator
Exterior
Community Features Airport/Runway,Sidewalks
Utilities Available BB/HS Internet Capable,Public
Waterfront Description Gulf/Ocean to Bay
View Y/N Yes
Water Access Yes
Water Access Desc Bay/Harbor,Gulf/Ocean to Bay
Building
Lot Description Historic District
Foundation Crawlspace
Lot Size Range 1/2 to less than 1
Sewer Public Sewer
Water Public
Structure Type Concrete,Wood Frame,Wood Siding
New Construction false
Others
Ownership Partnership
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None