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    509 3Rd St Cedar Key, FL 32625

    For Sale
    $325,000

    Apartments,Restaurant - Cedar Key, FL

    Type:Apartment
    Property size:
    2,146 SF
    Lot size:
    0.09 Acres
    Days on Market:
    100
    Last Refresh:
    Dec 11 at 12:06 pm

    Property Features for 509 3Rd St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Apartment
    Standard status
    Active
    APN
    0860000000
    Parking features
    None, Open, Parking Lot, Paved or Surfaced
    Interior features
    None
    Exterior features
    Fence
    Fencing
    Fenced
    Size
    2,146 SF
    Lot size
    0.09 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air
    Water front features
    Canal Access, Salt Water Canal, Waterfront, 74 Feet Of Waterfront
    Water front
    1

    Building Details

    Year built
    1940
    Floors in Building
    1
    Building materials
    Concrete, Frame, Wood Siding
    Roof type
    Metal
    Architectural style
    Other

    Hatcher Realty Services, Inc. (352) 498-5151 [email protected]

    Listing agent Fred Wynans (352) 498-5151

    Listing date Sep 3, 2025

    MLS# 795380 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

    Commercial Building in Cedar Key, FL

    Located in the heart of Cedar Key, Florida, this commercial building on 3rd St. presents a rare opportunity. Currently, the property houses an operating sandwich shop at the front, with two back units being remodeled into Airbnb rentals. These remodeled units will feature a 1/1 and a 2/1 layout, offering views of the bayou and direct access to the canal and Gulf of Mexico. A floating dock allows for launching kayaks. Previously a bait shop that rented kayaks, the building is being upgraded to become a turn-key, income-producing asset. The remodel will be completed before the new owner takes possession. The property provides 1570 square feet of heated and cooled space, with a total of 2146 square feet under roof. Situated steps from Cedar Key's shops, restaurants, and local attractions, the property is positioned in a growing community. Improvements are underway near the Big Dock. The building is equipped with public water and sewer. Cedar Key is known for fishing, bird watching, boating, kayaking, nature trails, and wildlife sanctuaries. The 0.085-acre property offers potential for both commercial and residential use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    FishBonz on Third Restaurant

    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
    -83.03292
    Latitude
    29.1373347

    Nearby Similar for Sale

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      11918 State Road 24, Cedar Key, FL 32625
      View Details
    • $679,000
      Pending

      Gulf Front Restaurant Opportunity

      Iconic waterfront building in historic Cedar Key ready for restoration.
      450 Dock St, Cedar Key, FL 32625
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    • $1,050,000
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      Florida RV Park Portfolio

      30 RV Lots, High ROI, Gulf Coast
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    FAQs

    What type of property is this?
    Short term rental property - Commercial building with sandwich shop and remodeled Airbnb units in Cedar Key.
    Where is this short term rental property located?
    The property is located at 509 3Rd St Cedar Key, FL.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: - Turn-key income-producing property with operating sandwich shop and two remodeled Airbnb units (1/1 and 2/1) ready for immediate rental.; - Prime location on 3rd St. in Cedar Key, steps from shops, restaurants, and attractions, with ongoing community improvements.; - Direct access to the canal and Gulf of Mexico via a floating dock, ideal for kayaking and water activities.
    (352) 498-5151
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    509 3Rd St Cedar Key, FL 32625
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    Cedar Key, FL 32625
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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
    509 3Rd St Cedar Key, FL 32625
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