Commercial Sale · Mixed Use
505 3RD STREET, CEDAR KEY, FL, 32625
Active78 days on marketListed May 6, 2026MLS #GC539939
About this property
The property at a glance
Mixed-use restaurant property in Cedar Key just steps from the marina and coastal attractions. Fishbonz features an established restaurant space on the ground level, plus two finished apartments that provide rental income. Strong tourism traffic, walkable location, and limited commercial inventory make this an attractive owner-user or investment opportunity in a tightly held coastal market.
3,898
Building sq ft
$90
Price / sq ft
0.09
Lot acres
1940
Year built
1
Building
MIXED USE
Zoning
Mixed Use
Property type
The numbers
Investment snapshot
Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.
Estimated payment (illustrative)
Estimated payment
$1,925/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Steeve to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
1,255
Population
$59,036
Median income
62.3
Median age
1.83
Avg household
$267,200
Median home value
$918/mo
Median rent
49%
Households w/ kids
Your team
The pros in your corner
Your agent
Steeve Cadeau
REALTOR® · CENTURY 21 Edge
Tours, offers, and every question about 505 3RD STREET — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 505 3RD STREET.
See it in person
Schedule a tour
Pick a day that works — this goes straight to Steeve's phone and CRM.
Listing courtesy of COLDWELL BANKER M.M. PARRISH REALTORS · Shasta Schoellhorn. MLS #GC539939.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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