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12050 State Road 24
Cedar Key, FL 32625
Low Key Hideaway and Tiki Bar · Hospitality Property For Sale · 3,500 SF
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 1 |
| Property Subtype | Hotel | Year Built/Renovated | 1964/2018 |
| Building Class | C | Parking Ratio | 1.43/1,000 SF |
| Lot Size | 1.42 AC | Corridor | Exterior |
| Building Size | 3,500 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.42 AC |
| Building Size | 3,500 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1964/2018 |
| Parking Ratio | 1.43/1,000 SF |
| Corridor | Exterior |
Amenities
- Patio
- On-Site Bar
- Boutique/Lifestyle Hotel
About 12050 State Road 24 , Cedar Key, FL 32625
5 Unit Motel recently renovated. 1000 sq ft owners suite that can be rented out with newly appointed modern features. The motel rooms are rented at $140/night, usually booked all the time. The 9 RV spots on the water are rented for $70.night. RV guests have ample parking across the street. Free Wi-Fi, BBQs, out side showers for RV guests and a very pet friendly property. Minimum age is 21. Property also has a 500 sq foot Tiki Bar with a full transferable liquor license (7COP). Food can be sold with this license also. Furthermost, additional rental units could be built where the RV lots are. This property has its own private dock. Huge upside for this property! The Tiki hours were only open 5 hours a day, 5 days a week in 2018. By adding additional hours and open 7 days a week, the income could be almost tripled. Adding appetizers would further increase income. This property has nothing but upside potential!
PROPERTY TAXES
| Parcel Number | 00395-000-00 | Improvements Assessment | $434,936 |
| Land Assessment | $288,000 | Total Assessment | $722,936 |
PROPERTY TAXES
zoning
| Zoning Code | Hotels/Motels |
| Hotels/Motels |
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