$349,999

505 3rd Street

Cedar Key, FL 32625

Listing updated: May 7, 2026 at 3:51 PM ET

Active

Baths

2,330

Sq Ft

0.09

Acres

1940

Built

◆Water view◆New construction◆$90/sqft◆360° tour

Mixed Use

Property type

1940

Year built

3,755 sqft

Lot size

$90

Price / sq ft

No HOA

HOA dues

Day on market

Flood zone

About this home

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.

Estimated monthly payment

Principal & interest$1,770

Property taxes$191

Home insurance (est.)$160

Down payment

20%

$70,000 downRate

6.5%

Term

Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.

Price & listing history1 days on market

Status: Active
May 6, 2026
Listed$349,999
May 6, 2026
Price increased$349,999

Facts & features

Property type: Commercial Sale
Sub type: Mixed Use
Status: Active
Days on market: 1
Subdivision: Map/Sourn Part/City/Cedary Key
County: Levy
Year built: 1940
Living area: 2,330 sq ft
Price/sq ft: $90
Building area: 3,898 sq ft (Public Records)
Lot size: 3,755 sq ft
Lot category: 0 to less than 1/4
Flood zone: VE (12075C0443G)
Annual taxes: $2,289 (2025)
Parcel #: 08600-001-00
Zoning: MIXED USE
MLS #: GC539939

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Interior Details

New construction: Yes

Heating & Cooling

Cooling: Mini-Split Unit(s), Other

HOA & Financial

Total monthly fees: $0/mo
Total annual fees: $0
Ownership: Fee Simple

Exterior & Construction

Construction materials: Other
Foundation: Other, Slab
Water view: Yes
Road surface: Paved

Listing Details

Listing date: 2026-05-06
On market date: 2026-05-06
Original list price: $349,999
MLS area: 32625 - Cedar Key
Listing AOR: Gainesville-Alachua
Status changed: 2026-05-06
Tax legal description: 32-15-13 CEDAR KEY BLK 16 LOTS 1 & E1/2 OF LOT 2 OR BOOK 1603 PAGE 66

Flood risk

High riskFEMA Zone VEPanel 12075C0443G

Coastal high-hazard area (Zone V) with wave action. In a FEMA Special Flood Hazard Area — flood insurance is generally required by lenders.

Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.

Location

Directions

I-75 North toward SR-24 West, SR-26 West 0.9 miles Take exit 384 onto SR-24, Archer Rd toward Archer 0.4 miles Turn left onto SW Archer Rd toward Archer 52 miles Turn left onto Third St 3 Fishbonz On Third 509 Third St, Cedar Key

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Listings courtesy of Stellar MLS as distributed by MLS GRID

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.

Based on information submitted to the MLS GRID as of May 7, 2026 at 3:51 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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