4051 D St, Cedar Key, FL 32625
This exceptional 4,320-square-foot commercial property in Cedar Key, Florida, presents a unique investment opportunity. Located at 4051 D St, 32625, this versatile space boasts a prime Gulf of Mexico waterfront location with a private dock, offering breathtaking sunrise views. Built in 1945, the building has served various businesses throughout its history, including a hotel, cafe, and veterinary clinic, most recently housing the Cedar Key Canvas Shop. Currently configured as a six-bedroom, four-bathroom rental property, it comprises two 2-bedroom/1-bathroom units and two 1-bedroom/1-bathroom units, providing immediate income potential. The property includes ample storage space underneath the building and extensive on-site parking. The expansive lot encompasses 32-15-13 CEDAR KEY BLK 25 LOTS 13 THRU 16 & SUBMURGED LOTS 1 THRU 7 & LOTS 17 THRU 24 (OR BOOK 1621 PAGE 317), offering significant development potential. The asking price is $679,000. This property is zoned for Office and Retail use, making it ideal for a variety of commercial ventures. Its established history and desirable location make it an attractive investment for both seasoned and new investors. Don't miss this chance to own a piece of Cedar Key's vibrant waterfront.
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Mc Pherson John Law Firm
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Kelley R Pierce Law Firm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.