Retail Space with Unfinished
For Sale
$239,000
7050 C Street, Cedar Key, FL 32625
Commercial Sale, Cedar Key, FL
Property Size600 SF
Lot Size0.01 Acres
Price / SF$398.33
Days on Market481
Property Features for 7050 C Street
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Cedar Key
Lot features
Central Electric
Directions
State Road 24 to stop sign. Left on 2nd St. Go one block and turn Left on C Street. Building is second on the Left. See PELICAN REALTY sign on building.
Standard status
Active
APN
0856200000
Size
600 SF
Lot size
0.01 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
32-15-13 CEDAR KEY BLK 11 N 24 FT 3 INCHES OF LOT 1 OR BOOK 458 PAGE 135
Tax Annual Amount
1054
Legal Description
32-15-13 CEDAR KEY BLK 11 N 24 FT 3 INCHES OF LOT 1 OR BOOK 458 PAGE 135
Building Details
Year built
1950
Listing Agency:
Pelican Realty
(352) 543-5581
Listed By:
Caryn Stephenson · License #BK3232198
(352) 228-0420
Added: Jun 24, 2025
Changed: Aug 19
Last Checked: Oct 17 at 6:06PM
MLS# 795176
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.
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Investment Insights
Based on property information with market context.
This 600-square-foot retail property at 7050 C Street provides an unfinished interior within a concrete block building. The open condition allows the next owner to establish a commercial layout suited to a retail, office, or salon concept, subject to applicable requirements. Constructed in 1950, the building offers a compact footprint for a focused commercial operation.
The property is positioned in downtown Cedar Key, near boutiques and eateries on surrounding streets. Its central setting places the space within an established commercial area and provides access to the activity associated with the downtown district.
The property is positioned in downtown Cedar Key, near boutiques and eateries on surrounding streets. Its central setting places the space within an established commercial area and provides access to the activity associated with the downtown district.
Key Highlights
- 600‑square‑foot retail property
- 0.013‑acre parcel in downtown Cedar Key
- Concrete block construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,484
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$149,680
$149.7K
Cap Rate 7%
$106,914
$106.9K
Cap Rate 9%
$83,156
$83.2K
Market Conditions
NOI Build-Up for 600 SF
Gross rent
$11.9K $19.80/SF
− Vacancy
−$1.9K −$3.17/SF
EGI
$10.0K $16.63/SF
− OpEx
−$2.5K −$4.16/SF
NOI
$7.5K $12.47/SF
Area
Levy County, FL
Vacancy
16.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$149,680
Cap Rate 7%
$106,914
Cap Rate 9%
$83,156
Alternative Uses
Best Use
Office B
$106.9K
$93.6K – $124.7K
NOI $7,484 @ 7.0% cap · market cap 3.13%
Second Best
Retail
$90.9K
$79.5K – $106.0K
NOI $6,362 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$148.6K
$130.0K – $173.4K
NOI $10,403 @ 7.0% cap · market cap 4.35%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
233
Businesses Nearby
Explore this area
Business Placement
Demographics for 32625, FL
1,620
Population
1,262
Households
1.3
Avg Household Size
59
Median Age
40%
College-Educated
92%
High-School Grad
94.0 sq mi
ZIP Area
17
Density / Sq Mi
$59,036
Median Household Income
$50,729
Median Earnings
$918
Median Rent
$267,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Retail space - Concrete block construction in downtown Cedar Key offers a blank interior for customized commercial buildout.
Where is this retail space located?
The property is located at 7050 C Street Cedar Key, FL.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: 600‑square‑foot retail property; 0.013‑acre parcel in downtown Cedar Key; Concrete block construction
