12685 STATE ROAD 24, Cedar Key, FL 32625 - MLS#V4940167

$325,000

$375,000 13.3%

Est. payment - /mo

2,544 SqFt

UPDATED:

Key Details

Sold Price $325,000

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Sold

Purchase Type For Sale

Square Footage 2,544 sqft

Price per Sqft $127

Subdivision Coronet Park

MLS Listing ID V4940167

Year Built 1956

Annual Tax Amount $11,088

Lot Size 0.660 Acres

Property Sub-Type Hotel/Motel

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

Exterior

Community Features Airport/Runway, Sidewalks

Utilities Available BB/HS Internet Capable, Public

Waterfront Description Gulf/Ocean to Bay

View Y/N 1

Water Access 1

Building

Lot Description Historic District

Foundation Crawlspace

Sewer Public Sewer

Water Public

Structure Type Concrete,Wood Frame,Wood Siding

New Construction false

Others

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition None

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Listed by YOUR REALT
Bought with BLACK DOG REAL ESTATE ADVISORS, INC.

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Wambui Mungai

+1(386) 283-2006

Agent | BKSL3522552

Agent BKSL3522552

12685 STATE ROAD 24 Cedar Key, FL 32625