505 3rd Street

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505 3rd Street

Cedar Key, FL 32625
Asking Price
$350K
Asset Type
Storefront Retail
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Retail storefront property available for sale in Cedar Key
  • Asset includes both restaurant space and an apartment
  • Located at 505 3rd Street with a listing price of $349,999
  • Functional layout supports diverse retail and dining operations
  • Positioned within a coastal community with consistent visitor activity

What's Special

This retail storefront property at 505 3rd Street in Cedar Key, Florida, is currently available for purchase and presents a functional option for an investor or operator looking to establish a presence in this coastal market. The asset features a versatile layout previously utilized for restaurant operations, accompanied by an integrated residential component. Its location in the Gulf Coast region positions it within a community known for its tourism-driven economy and quiet, maritime atmosphere. Given the dual-use configuration, the space is well-suited for an owner-occupier managing a dining establishment or service-oriented business while utilizing the apartment for on-site management or additional rental income. The property's footprint offers flexibility for various retail concepts seeking to capitalize on local foot traffic and the area's steady seasonal visitor flow. Prospective buyers will find this storefront a practical acquisition in a distinctive Florida submarket.

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NOI
$80,000
Cap Rate
22.86%
DSCR
3.85
Strong
Cash-on-Cash
56.40%
Monthly Payment
$1,731.604
Annual Cash Flow
$59,220.751

Location & Travel Times