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$459,000

This is a rare opportunity to own a property in the HEART of historic Cedar Key, Florida! This historic structure, previously a private home, had been utilized as the Cedar Key City Hall for many years. Hurricane flooding and resulting damages spurred the City to move offices to an already-owned building on high ground, in order to forego repairs and to provide municipal services without interruption in the future. The decision has been made to remain in the new building, so the Old City Hall building is available for purchase! You cannot ask for a better location for a downtown home, a business, or a vacation rental. With a future land use designation of Mixed Use, you could both have a business here, AND live at this location! The building was stripped to dry and prevent mold, and the floor has been removed. The extensive rooftop solar array is still in place. Three entrances make multiple use easy to accommodate. If you want a great spot to provide an easily-accessible island business, here's your chance. The island is still in need of a replacement grocery store, and the City Commission, acting as the CRA Board, recently decided that they are creating a CRA grant for up to $150,000 for a downtown grocery. What a way to offset some of the restoration expense and provide a much-needed local essential business! Call to take a look today!

3 Beds ⋅ 2 Baths ⋅ 800091 MLS

490 2nd St, Cedar Key

$649,000

Discover a rare piece of "Old Florida" history in the absolute heart of the Historic District of Downtown Cedar Key. This captivating, income-generating multi-unit commercial property offers a flawless blend of immediate revenue streams and untapped creative potential. Located just steps from the waterfront, local parks, shops, and dining, this property perfectly captures the relaxed coastal charm that brings visitors to Cedar Key year after year. The ground floor features a spacious, high-visibility storefront with an active commercial lease already in place, securing steady income from day one. Accessible via a private rear entrance, the upper level reveals a beautifully updated 2-bedroom, 2-bathroom residence optimized for the lucrative vacation rental market—or ready to serve as your personal historic homestead. Guests are welcomed by gorgeous wood stairs and a grand foyer with soaring high ceilings. The main floor boasts rich hardwood floors, a stackable laundry area, a full bathroom with a walk-in shower, and a fully equipped kitchen complete with granite countertops. Massive wraparound windows flood the living space with natural light, opening up to a private porch where you can watch the historic downtown bustle by. Upstairs, you will find two bedrooms, a full bath with brand-new flooring, and a private patio offering serene views of the backwater. The crown jewel of this property is the historic adjacent carriage house. Serving as a blank canvas, this standout feature is ready to be transformed into a boutique art gallery, a cozy caf, or a third vacation rental unit to maximize your return on investment or just use for storing your golf cart, kayak or canoe to enjoy many days on the Gulf! With a beautifully updated courtyard, a brand-new upstairs porch roof, and an updated water heater, this turnkey historic gem is completely ready for its next chapter of history!

2 Beds ⋅ 3 Baths ⋅ 799938 MLS

409 2nd St, Cedar Key

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