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12685 STATE ROAD 24

Commercial Recently Sold
$325,000

BTC: 5.15873016

ETH: 186.13974800

Sold on: 2025-04-03
66 days
Waterfront
0 room(s)
2,544 sqft

Overview

It is time to enjoy your dream of owning a business steeped in Old Florida charm and history come to fruition in Cedar Key, a chain of barrier islands known to be a nature lover’s oasis! This property zoned for commercial hotel/motel use allows for the full time occupancy of an owner or inn-keeper delivering possibilities to bring your island and coastal living hospitality vision to life! The lush, landscaped resort features 8 stand alone buildings enchanting you with 1950's cracker style cottages nestled along the back bay of the Gulf of Mexico, on the historic registry,& brimming with timeless character. Despite having endured damage from Hurricane Helene in 2024, their unique charm and potential still remain undeniable. Currently, 2 cottages are fully functional & a 3rd almost there providing the opportunity to reside on-site during restoration or construction while working on your vision and producing income. The possibilities are evident by the remarkable history of cash flow. Make your dreams a reality with 8 buildings total & offering infrastructure for one more individual cottage that was removed post Hurricane Helene, providing potential of 9 doors. An inventory of furnishings and equipment is available, giving you the insight into the resources already in place. Whether you envision restoring the cottages to their former glory or re-imagining the property for a new purpose, accept this invitation to own a piece of something truly special. A paradise brimming with promise while experiencing extraordinary fishing, birdwatching, nature trails, and more in your new Gulf Coast oasis.

Location

Details

Type:
Commercial Sale
Parking:
No Data
Year Built:
1956
Lot:
0.66 Acres
Heating:
Space Heater / Wall Units / Window Unit
Price/sqft:
$147
Cooling:
Wall/Window Unit(s)
HOA:
No Data

Highlights

Annual tax
$11,088
2023
Waterfront
Gulf/Ocean to Bay
All facts and features
  • Flooring

    • Ceramic Tile

    Heating

    • Space Heater

    • Wall Units / Window Unit

    Cooling

    • Wall/Window Unit(s)

    Appliances

    • Microwave

    • Refrigerator

  • Lot

    • Lot: 0.66 Acres

    Other Property Information

    • Parcel Number: 0881600000

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Hotel/Motel

  • Utility

    • BB/HS Internet Capable

    • Public

  • Other financial information

    • Annual tax amount: $11,089

  • Source details

    • MLS ID: V4940167

    Other facts

    • Construction Materials: Concrete / Wood Frame / Wood Siding

    • Foundation Details: Crawlspace

    • Lot Features: Historic District

    • Window Features: Blinds / Window Treatments

    • Waterfront: Yes

    • Water Body Name: GULF OF MEXICO

    • Living Area: 2544

    • Water Source: Public

    • Subdivision Name: CORONET PARK

Private inquiry
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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: YOUR REALT