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    450 Dock St Cedar Key, FL 32625

    Pending
    For Sale
    $679,000

    Bar/Tavern/Lounge,Other,Restaurant,Retail - Cedar Key, FL

    Property size:
    8,961 SF
    Lot size:
    0.16 Acres
    Days on Market:
    89
    Last Refresh:
    Dec 11 at 7:06 am

    Property Features for 450 Dock St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    APN
    0877400000
    Parking features
    None
    Exterior features
    High Traffic Count
    Size
    8,961 SF
    Lot size
    0.16 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Ceiling Fan(s), Central Air
    Water front features
    Waterfront, 104.39 Feet Of Waterfront
    Water front
    1

    Building Details

    Year built
    1991
    Floors in Building
    2
    Building materials
    Frame
    Roof type
    Metal
    Architectural style
    Other

    Cedar Key Realty, Inc. (352) 543-9899 [email protected]

    Listing agent Vanessa Edmunds (352) 543-9899

    Listing date Sep 14, 2025

    MLS# 794469 Listing URL

    Copyright © 2025 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

    Gulf Front Restaurant Opportunity

    This unique island opportunity is located in downtown historic Cedar Key. The building, formerly STEAMERS RESTAURANT, is available for sale. The property provides panoramic views over the open Gulf waters and uninhabited islands. The building has sustained fire and hurricane damage and is ready for restoration or reconstruction. The site offers appeal to visitors and exposure. The property can only be viewed from the street until access is approved by the City; do not attempt to enter the building. The lot size is 0.16 acres, and the property size is 8961 square feet. This property is suitable for a bar, tavern, lounge, restaurant, or retail establishment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Island Trading Post Gift Shop

    Suggested Use

    Restaurant Building Supply Spa & Massage Law Firm Hair Salon Realty agency Wholesale Shop Clothing Store Nail Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Key
    County
    Levy
    State
    Florida
    Longitude
    -83.030399
    Latitude
    29.134753

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    FAQs

    What type of property is this?
    Restaurant - Iconic waterfront building in historic Cedar Key ready for restoration.
    Where is this restaurant located?
    The property is located at 450 Dock St Cedar Key, FL.
    What is the asking price?
    The asking price for this property is $679,000.
    What are key features of this property?
    This property features: - Unparalleled panoramic Gulf views and views of uninhabited islands.; - Unique waterfront location directly in the Gulf of Mexico.; - High-traffic location in historic downtown Cedar Key.
    (352) 543-9899
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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
    450 Dock St Cedar Key, FL 32625
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