Cedar Key???s 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 100???x100??? lots on open water could possibly be turned toward to allow for the highest and best use. The 100???x100??? 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 Florida???s ???Mayberry???, it???s 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.
|--||New Value: $999,000|
|2/26/2021 11:32:00 AM||New Value: $1,200,000|
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