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Cedar Key, FL

Motel

Cedar Key, FL Motels for Sale

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Suwannee, FL Old Town, FL Chiefland, FL Yankeetown, FL Inglis, FL Bronson, FL Otter Creek, FL Morriston, FL

Historic Coastal Cottages Opportunity

Updated: Jan 7, 2025

Historic Coastal Cottages Opportunity

12685 STATE ROAD 24, Cedar Key, FL 32625

$425,000

2,544 sqft 0.66 AC lot

Zoned for commercial hotel/motel use, perfect for full‑time owner occupancy and income generation.
Features 8 stand‑alone buildings (1950s cracker‑style cottages) with potential for 9 units; infrastructure is in place for one additional cottage.
Located on the back bay of the Gulf of Mexico in Cedar Key, a nature lover's oasis.
Historically significant property on the historic registry, brimming with timeless character.
Two cottages are fully functional with a third almost complete, providing immediate income potential and on‑site living during restoration.

This listing looks promising.

Here's a quick look at some key insights for

12685 STATE ROAD 24, CEDAR KEY, FL 32625

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Est. Cap Rate

3.1%
NOI ÷ price
Est. NOI

$13K
Annual
Mortgage

$30K
Jul 2018
Last Sold

Jul 2018
$310K
Property Type

Hotel/Motel
Built 1956

View Property Analytics

Based on your search, we've compiled 16 Potential Opportunities for your consideration. Besides 1 Active listings in Cedar Key, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 7 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Two-Property Motel Portfolio

Two-Property Motel Portfolio

215 South Pine Avenue, Ocala, FL 34471

$2,575,000

12,888 sqft

Two operating motel properties are offered together as a portfolio with ongoing improvements and multiple ownership paths.

Multi-Building Restaurant and Motel Property

Multi-Building Restaurant and Motel Property

A-5035 Se Abshier Blvd, Belleview, FL 34420

$629,000

5,403 sqft

This for-sale, three-building property includes a long-term diner tenant and a separate barber shop tenant, plus an 8-room motel expected to be vacant.

Motel Property For Sale

Motel Property For Sale

5035 SE ABSHIER BOULEVARD A, Belleview, FL 34420

$629,000

5,403 sqft

For-sale motel property on SE Abshier Boulevard, accessible via US Hwy 301 for straightforward market reach.

Branded Motel Near I-75

Branded Motel Near I-75

120 NW 40TH Ave, Ocala, FL 34482

$6,200,000

64-room motel off I-75 in Ocala with high revenue.

Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Prime Historic Downtown Cedar Key Site

Prime Historic Downtown Cedar Key Site

433 2nd St, Cedar Key, FL 32625

$139,000

0.09 AC lot

Premier zero-lot-line site in the heart of historic Cedar Key.

Main Street Development Opportunity

Main Street Development Opportunity

445 2nd St, Cedar Key, FL 32625

$139,000

0.09 AC lot

Prime commercial land in Cedar Key's historic district.

Waterfront Canal Homesite with Seawall

Waterfront Canal Homesite with Seawall

3924 N APALACHEE Point, Crystal River, FL 34428

$260,000

0.26 AC lot

Vacant homesite with a seawall along a canal leading toward the Gulf, partially cleared and zoned CLR.

Cordele Commercial Land on I-75

Cordele Commercial Land on I-75

I-75 & Hwy 257, Cordele, GA 31015

$4,704,000

48.00 AC lot

48-acre commercial land with I-75 frontage near Exit 102.

Off-Market Properties in Cedar Key, FL

Consider similar Off-Market properties in Cedar Key, FL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

12050 State Rd 24

HOTEL/MOTEL

12050 State Rd 24, Cedar Key, FL 32625-4796

$815,000

Estimated value

3,548 sqft 1.42 AC lot

HOTEL/MOTEL

873 1st St, Cedar Key, FL 32625-5035

Value Estimation by Request

10,565 sqft 0.75 AC lot

12685 State Rd 24

HOTEL/MOTEL

12685 State Rd 24, Cedar Key, FL 32625

Value Estimation by Request

416 sqft 0.66 AC lot

12633 State Rd 24

HOTEL/MOTEL

12633 State Rd 24, Cedar Key, FL 32625

Value Estimation by Request

884 sqft 0.72 AC lot

HOTEL/MOTEL

410 2nd St, Cedar Key, FL 32625

Value Estimation by Request

3,906 sqft 0.19 AC lot

HOTEL/MOTEL

373 2nd St, Cedar Key, FL 32625

Value Estimation by Request

7,600 sqft 0.23 AC lot

HOTEL/MOTEL

849 3rd St, Cedar Key, FL 32625

Value Estimation by Request

1,289 sqft 0.57 AC lot

Cedar Key, FL Motels Market Trends and Statistics

Explore 8 motels for sale in Cedar Key, FL on our real estate platform. These investment opportunities span a total of 2,544 square feet of properties for sale, with an estimated market value of $425,000.

Sale prices for motels in Cedar Key, FL start at $425,000, averaging $425,000, and reaching up to $425,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 1,255

Population Growth (5Y) -22.8%

Median Household Income $59,036

College Educated 61.2%

High-Yield Neighborhoods for Investment

Identify Cedar Key submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
32625	$282K

Taxes & Financing

Tax Rate (average for all types) 1.97%

Property Tax per SF $35.65 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Levy County

New Delisted

Total CRE Inventory on Market (SF)

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