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Historic Cedar Key City Hall Building 490 2nd St 2,880 SF 100% Leased Office Building Cedar Key, FL 32625 $595,000 ($206.60/SF)



INVESTMENT HIGHLIGHTS
- This location is on the busiest corner of the island, with lots of auto, golf cart, and foot traffic. Historic status gets FEMA exemptions!
EXECUTIVE SUMMARY
This is a rare opportunity to own a property in the HEART of historic Cedar Key, Florida! This historic structure, originally a private home, has been utilized as the Cedar Key City Hall for a number of years. Hurricane flooding and resulting damages spurred the City to move offices to an owned building on high ground, in order to forego repairs and to provide municipal services without interruption. The decision has been made to remain in the new building, so the Old City Hall building is up for grabs! You cannot ask for a better location for a townie home, a business, or a vacation rental. With a future land use designation of Mixed Use, you could both have a business here, AND live here! The building has been stripped to dry and prevent mold, and the floor has been removed. The rooftop solar array is still in place. Three entrances make multiple use easy to accommodate.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Building Size
2,880 SF
Building Class
C
Year Built/Renovated
1930/2016
Price
$595,000
Price Per SF
$206.60
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
2,880 SF
Building FAR
0.47
Lot Size
0.14 AC
Zoning
Mixed Use - This property has a Future Land Use Designation of Mixed Use. Commercial or Residential or a Combination of the two are allowed.
AMENITIES
- Wheelchair Accessible
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- City of Cedar Key
- Public Administration
-
99,999 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| City of Cedar Key | Public Administration | 99,999 SF | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 08508-000-00 | Improvements Assessment | $644,045 |
| Land Assessment | $750,000 | Total Assessment | $1,394,045 |
PROPERTY TAXES
Parcel Number
08508-000-00
Land Assessment
$750,000
Improvements Assessment
$644,045
Total Assessment
$1,394,045
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Historic Cedar Key City Hall Building | 490 2nd St
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