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849 1241 Street

Cedar Key, FL 32625
  • $999,000
  • STATUS: Active
  • ON SITE: 156 days
  • MLS #: OM615843
Price Reduced
UPDATED: 65 min ago
$999,000
  • 0
    BEDS
  • 0.57
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,926
    SQFT
  • $254
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1950
County:
Area:

School Ratings & Info

Description

Cedar Keys 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 100x100 lots on open water could possibly be turned toward to allow for the highest and best use. The 100x100 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 Floridas "Mayberry, its 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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© 2021 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. 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 consumers 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 2021-08-02T15:41:45.867.
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849 1241 Street Cedar Key, FL 32625

  • Price: $999,000
  • Status: Active
  • Updated: 65 min ago
  • MLS #: OM615843
0
Beds
0
Baths
0
½ Baths
0.57
Acres
3,926
SQFT
$254
$/SQFT
1950
Built
Neighborhood:
Faraway Inn, Llc
County:
Levy
Area:
Cedar Key
Property Description
Cedar Keys 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 100x100 lots on open water could possibly be turned toward to allow for the highest and best use. The 100x100 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 Floridas "Mayberry, its 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.
Exterior Features

Additional Water Information Open Gulf Of Mexico With Fabulous Nightly Sunsets. Small Beach Across The Street Form Motel. Beach is Owned By Faraway InnInc That is Separate From Motel. Adjoining Property Residential Construction Materials BlockWood FrameWood Siding Foundation Details Slab Lot Features Corner LotFloodzoneHistoric DistrictIn City LimitsStreet LightsStreet PavedWaterfront Lot Size Dimensions 100 X 1000 Parking Features 13 To 18 SpacesCurb Parking Road Frontage Ft 1200 Roof Metal Water Access Gulf/Ocean Water Access Yn Yes Water Body Name Gulf Of Mexico Water Extras Yn No Water Frontage Feet Gulf Ocean 100 Water View Gulf/Ocean - Full Waterfront Features Gulf/Ocean Waterfront Feet Total 100 Waterfront Yn Yes

Interior Features

Appliances MicrowaveRefrigerator Ceiling Type Drywall Cooling Central Air Flooring CarpetCeramic TileVinyl Heating CentralElectricHeat PumpWall Units / Window Unit Sewer Public Sewer

Property Features

Additional Parcels Yn No Business Type CommercialHotel/Motel Community Features Beach Area Complex Development Name Faraway Inn Condo Environment Yn No Disclosures Other Flood Zone Code Ve Listing Terms CashConventional New Construction Yn No Pets Allowed Dogs Ok Property Sub Type Hotel/Motel Special Listing Conditions None Tax Annual Amount 13130.00 Tax Year 2020 Total Num Buildings 6 Utilities Public


Listing information © 2021 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of A. Nickie's Homes.



© 2021 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. 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 consumers 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 2021-08-02T15:41:45.867.
 
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