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    2Nd St Cedar Key, FL 32625

    Sponsored
    For Sale
    $259,000

    Apartments,Bar/Tavern/Lounge,Bed & Breakfast,Convenience Store,Furniture,Grocery,Hair Salon,Hotel/Motel,Liquor Store,Office Building,Professional/Office,Restaurant,Retail

    Type:Apartment
    Property size:
    7,000 SF
    Lot size:
    0.11 Acres
    Days on Market:
    12
    Last Refresh:
    Jan 6 at 10:06 pm

    Property Features for 2Nd St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Apartment
    Standard status
    Active
    APN
    0858400000
    Parking features
    None
    Exterior features
    High Traffic Count
    Size
    7,000 SF
    Lot size
    0.11 Acres

    Utilities

    Heating system
    Other (Heating)
    Cooling system
    None (Cooling)

    Building Details

    Year built
    1881
    Floors in Building
    2
    Building materials
    Frame, Other
    Roof type
    Metal
    Architectural style
    Other

    Pelican Realty (352) 543-5581 [email protected]

    Listing agent Caryn Stephenson (352) 543-5581

    Listing date Dec 26, 2025

    MLS# 796265 Listing URL

    Copyright © 2026 Dixie-Gilchrist-Levy Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Woolworth Building in Cedar Key

    Located in downtown Cedar Key, the historic Woolworth Building, constructed in 1881, presents a restoration opportunity. The building, situated on two city lots, was once the location of the L & M Bar. The structure requires a comprehensive restoration, including a new roof, and is not currently occupiable. However, the property features substantial square footage, city water and sewer connections, and a downtown location with pedestrian and vehicular exposure. According to contractors, structural engineers, and a historic preservationist, the building is repairable, despite its poor condition. The original tabby walls remain inside. The scale and layout of the 7,000 square foot property lend themselves to various uses, such as a restaurant, a boutique hotel or inn, mixed retail, galleries, or a combination of concepts. With sufficient elevation, a new structure could offer panoramic water views, including sunset views and views overlooking Dock Street to the south. Additional adjoining properties, including lots for dedicated parking or business service drive, are available. The 0.11-acre lot offers the chance to revive a building and transform it into a destination.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Map

    City
    Cedar Key
    County
    Levy
    State
    Florida
    Longitude
    -83.028182
    Latitude
    29.137969

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    FAQs

    What type of property is this?
    Storefront property - Landmark building in need of restoration with vast potential.
    Where is this storefront property located?
    The property is located at 2Nd St Cedar Key, FL.
    What is the asking price?
    The asking price for this property is $259,000.
    What are key features of this property?
    This property features: - Irreplaceable downtown location on Cedar Key's busiest thoroughfare with high pedestrian and vehicular traffic.; - Large-scale historic Woolworth Building (circa 1881) offering substantial square footage on two full city lots.; - Significant potential for diverse uses: restaurant, boutique hotel, retail, galleries, or mixed-use development.
    (352) 543-5581
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2Nd St Cedar Key, FL 32625
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