6991 SW State Rd 24, Cedar Key, FL 32625
COMMERCIAL - Cedar Key, FL
- Added:
- Jun 29, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 29 at 4:06 pm
Property Features for 6991 SW State Rd 24
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 2172200000
- Size
- 3,640 SF
- Lot size
- 1.19 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 30-14-14 MISCAL LOT 3 OR BOOK 1775 PAGE 448
- Tax Annual Amount
- 6258
Building Details
- Year built
- 1999
Listing agent Krystal Wynans (352) 949-7511
Listing office Hatcher Realty Services, Inc. Trenton 104 N. Main St., Cross City, FL (352) 463-0054
Listing date Jun 29, 2026
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.
HighLights
- Commercial property built in 1999 on 1.19 acres in Cedar Key
- Previously operated as a restaurant and fish market, with a layout designed for food service use
- Fully handicap accessible building
- Sold fully equipped, including a walk‑in cooler, lay‑down freezers, and commercial ice machines
- Equipment included: restaurant equipment and furnishings/fixtures to reopen as a restaurant, seafood market, or catering business
- Located on State Road 24 (SR 24)
Overview
The property sits on 1.19 acres and is located at 6991 SW State Rd 24 in Cedar Key, Florida. Public remarks describe the site as a landmark property within the historic Rosewood community and note visibility on State Road 24.
For buyers or operators, the included equipment package is positioned to reduce the work required to restart a food-oriented operation such as a restaurant, seafood market, or catering business. The combination of ample space, accessibility, and a flexible interior supports consideration of other retail or service uses, including a specialty market, office space, or similar ventures, subject to applicable approvals. Overall, it offers a turnkey foundation for hospitality and food service while remaining adaptable for alternative commercial plans.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.2k | $16.80 |
| − Vacancy | −$3.4k | −$0.92 |
| EGI | $57.8k | $15.88 |
| − OpEx | −$14.4k | −$3.97 |
| NOI | $43.3k | $11.91 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Cedar Key
- County
- Levy
- State
- Florida
- Longitude
- -82.9523879
- Latitude
- 29.2268937
