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491 Dock St
Cedar Key, FL 32625
Asking Price
$2.50M
Cap Rate
16.28%
Asset Type
Bar Hospitality
Class
Class B
What's Special
Boutique waterfront hotel with 12 rooms & 4 retail shops in downtown Cedar Key. <ul><li>Boutique hospitality asset with established income</li><li>12 hotel rooms + 4 retail units</li><li>Prime coastal location with Gulf access and views</li><li>Walkable to shops, dining, and marinas</li><li>Strong tourism-driven market fundamentals</li><li>Value-add opportunity through management and branding</li><li>Limited hotel inventory in Cedar Key market</li><li>1031 exchange eligible</li></ul><p></p>
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NOI
$80,000
Cap Rate
3.20%
DSCR
0.54
Underwater
Cash-on-Cash
-9.12%
Monthly Payment
$12,368.636
Annual Cash Flow
$-68,423.631