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$999,000
153 Days Online

849 1241 Street
Cedar Key, FL 32625

For Sale|Commercial|Active
0
Beds
0
Full Baths
0
Partial Baths
3,926
SqFt
$254
/SqFt
1950
Built
Subdivision:
Faraway Inn, Llc
County:
Levy, FL
Call Now: 941-866-1666
Is this the home for you? We can help make it yours.
941-866-1666
849 1241 Street849 1241 Street849 1241 Street849 1241 Street
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Cedar Key’s Best Prime Location for Redevelopment or Motel/Hotel Use. Boutique Gulf Front Motel with nightly sunsets. Own a piece of paradise! Faraway Inn is located near shopping, the city boat ramp, grocery store and your eating pleasure. There are four separate cottages, one building with four studio size rooms and the other building with four efficiencies and a cottage size room attached, totaling 12 units. The property is zoned motel/hotel and is located at the corner of G and on 3rd Street in the historic homes area. Faraway Inn is a once in a lifetime opportunity to purchase the best redevelopment prime location in Florida. The property is half of a city block with ten city lots measuring 25’ x 100’ with 100 feet facing open Gulf and 100 feet facing the historic area of homes. For a re-development purposes, the G Street 100’x100’ lots on open water could possibly be turned toward to allow for the highest and best use. The 100’x100’ lots on F street could possibly be turned to face the historic homes on F Street for their highest and best use. Cedar Key is known for its Art Show, Seafood and Pirates Festivals. We live in Florida’s “Mayberry”, it’s old Florida at its best. Faraway Inn has a small beach across the street from the motel which allows for you to kayak or just sit in the sand and make sand castles. The University of Florida/ IFAS has just built the nature coast biological station located here and rents the Seahorse island where many of persons and professors come and study there. Cedar Key has become the largest producer of little neck clams in the country and has grown into a multimillion-dollar industry on the island. Faraway Inn was built in 1950, has a history of many repeat clients and has been open for business for seven decades. Due to the facts that the University of Florida, the clamming industry and with everyone be moving to Florida and rural America, Cedar Key and this property especially, is the perfect place to invest in.

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Listing Snapshot
Price
$999,000
Days Online
153 Days
Bedrooms
N/A
Inside Area (SqFt)
3,926 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.57 Acres
Year Built
1950
MLS Number
OM615843
Status
Active
Property Tax
$13,130
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Appraiser
Friends & Family
Recent Activity
4 hours agoListing updated with changes from the MLS
a week agoPrice changed to $999,000
5 months agoListing first seen online
General Features
Listing Terms
CashConventional
Foundation
Slab
Parking
13 to 18 SpacesCurb Parking
Sewer
Public Sewer
Utilities
Public
Interior Features
Appliances
MicrowaveRefrigerator
Cooling
Central Air
Heating
CentralElectricHeat PumpWall Units / Window Unit
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Exterior Features
Roof
Metal
Waterfront
Yes
Waterfront Type
Gulf/Ocean
Lot Features
Corner LotFloodZoneHistoric DistrictIn City LimitsStreet LightsStreet PavedWaterfront
Community Features
Pets
Dogs OK
Community
Beach Area
Listing courtesy of A. NICKIE'S HOMES



All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.
Data last updated at: 2021-07-30 12:00 AM EDT

Neighborhood & Commute
Source: Walkscore
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