Discover a rare piece of "Old Florida" history in the absolute heart of the Historic District of Downtown Cedar Key. This captivating, income-generating multi-unit commercial property offers a flawless blend of immediate revenue streams and untapped creative potential. Located just steps from the waterfront, local parks, shops, and dining, this property perfectly captures the relaxed coastal charm that brings visitors to Cedar Key year after year. The ground floor features a spacious, high-visibility storefront with an active commercial lease already in place, securing steady income from day one. Accessible via a private rear entrance, the upper level reveals a beautifully updated 2-bedroom, 2-bathroom residence optimized for the lucrative vacation rental market—or ready to serve as your personal historic homestead. Guests are welcomed by gorgeous wood stairs and a grand foyer with soaring high ceilings. The main floor boasts rich hardwood floors, a stackable laundry area, a full bathroom with a walk-in shower, and a fully equipped kitchen complete with granite countertops. Massive wraparound windows flood the living space with natural light, opening up to a private porch where you can watch the historic downtown bustle by. Upstairs, you will find two bedrooms, a full bath with brand-new flooring, and a private patio offering serene views of the backwater. The crown jewel of this property is the historic adjacent carriage house. Serving as a blank canvas, this standout feature is ready to be transformed into a boutique art gallery, a cozy caf, or a third vacation rental unit to maximize your return on investment or just use for storing your golf cart, kayak or canoe to enjoy many days on the Gulf! With a beautifully updated courtyard, a brand-new upstairs porch roof, and an updated water heater, this turnkey historic gem is completely ready for its next chapter of history!
Don't miss the opportunity to purchase this historic house in Downtown Cedar Key! This exceptional commercial property offers a unique opportunity for savvy investors and entrepreneurs seeking a prime location with diverse income streams. Located in the heart of Cedar Key, this property boasts a versatile layout designed to maximize its potential in the downtown district. The upper level features a tastefully furnished short-term rental unit, perfect for attracting tourists and visitors looking to experience this quaint friendly town. With great amenities and a charming porch that overlooks the bustling downtown area, guests can enjoy a relaxing and picturesque stay. The upstairs space has large living area with full kitchen, 1 full bath, large stackable washer and dryer with beautiful hardwood floors. There is also lots of storage space and large windows that wrap around entire living space. Two bedrooms, one bath and two large storage attic areas occupy the upstairs area with charming seating area off of one of the bedrooms. On the ground floor, the property offers a lucrative commercial space with a current lease in place, providing a steady income stream for the new owner. The absence of flooding in recent storms and its high ground location ensure peace of mind and stability for both tenants and owners alike. Adjacent to the main building is a historic carriage house that presents additional business opportunities for creative minds. Whether it's a boutique shop, art gallery, cozy cafe, or another vacation rental, the carriage house adds a touch of historical charm and potential for additional investment income. This commercial property in historic downtown Cedar Key is a rare find that combines the best of both worlds – a profitable investment with a touch of local history and charm. Don't miss out on the chance to own a piece of Cedar Key's rich heritage and vibrant commercial scene. Contact us today to explore this exciting opportunity further!
As the MLS and public records start to fill up, we'll list the details here.
Public record
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Single Family Residential
County
Levy County
APN
0857400000
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Last updated by owner on Feb 18, 2024.
Historical weather
Cedar Key, FL • 32625
Average low and high temperatures (°F)
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Sun exposure
83/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.2 hrs
6.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 409 2nd St
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $320,000 and $600,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $320K to $600K.