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Listing Photo 783832
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Vanessa Edmunds
(C) (352) 210-1155
Cedar Key Realty, Inc.
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Listing Details
MLS Number: 783832
List Price: $1,995,000
Street #: 373
Street Name: 2nd St
City: Cedar Key
State: FL
Zip Code: 32625
County: Levy
Parcel ID: 0858800000
Tax Amount: $12,756.00
Property Tax Year: 2021
Apx Acreage: 0.23
Apx Lot Dimensions: 100' x 100'
Waterfront: No
Sale Type: Sale Only
Apx Year Built: 1860
Total Rooms(excluding bathrooms):  
Apx Building SqFt Under Roof: 12850
Apx Net Leasable Space: 8804
Cap Rate %: 9.7
Asset Sale: Both
Building Stories: 2
Ceiling Height:  
Electric Phase:  
Fire Sprinklers:  
Loading Docks:  
Annual Gross Sales:  
Annual Expenses:  
Net Operating Incm:  
Type Property: Restaurant, Bar/Tavern/Lounge, Hotel/Motel
Current Use: Bar/Tavern/Lounge, Restaurant, Hotel/Motel
Construction: Other
Heating: Central Electric, Other, Multiple Units
Cooling: Multiple Units, Central Air
Water Sources: Public, Metered
Sewer Type: Public Sewer
Parking: Street Parking, Paved
Energy Features: Whole House Fan
Road Type: City Street, Paved
Waterfront Access/Details: Gulf View, Waterview, Gulf of Mexico
Legal Description: 32-15-13 CEDAR KEY, BLOCK 13, LOTS 9 THRU 12, OR BOOK 872, PAGE 202
Directions: At State Road 24 and Second Street, turn east onto Second Street and go two blocks. THE ISLAND HOTEL is on the left on the next corner. Look for the CEDAR KEY REALTY, INC. sign on the corner.
Public Comments: What an excellent opportunity to begin a unique island adventure! Cedar Key's Historic Island Hotel--a magical piece of Old Florida history--was built in 1860, and for generations has served as the town's exquisite centerpiece! The fabulous 60-seat restaurant and the inviting 35-seat tavern provide delectable fine dining and memorable experiences to thousands each year. Upstairs, the antique-mural-clad 10-room hotel is a popular getaway for those seeking more than shelter. Alongside the main building, the Annex has storage, as well as a 625 s.f. owner's residence, overlooking the beautiful, palm-shaded brick courtyard. Enjoy an island home, along with a thriving business--all at one prime location! Come and begin your new life as the owner/innkeeper of this grand lady, listed on the National Register of Historic Places. Oh, my! If only these tabby walls could talk! (Buyers must be vetted in advance of showing, as this is a bustling business. Showings are by appointment only.)