433 2nd St, Cedar Key, FL 32625

On Cedar Key's 2nd Street—where commerce, culture, and coastal life converge—stands a rare and consequential opportunity: a historic building dating to circa 1882, originally home to one of the town's earliest apothecaries. Time has rendered the structure in significant disrepair, and demolition may ultimately be required; however, what remains is something far more valuable than brick and mortar alone—a premier, zero–lot-line site in the very heart of historic downtown Cedar Key. The property's zero-lot-line configuration allows for maximum buildable frontage, offering exceptional flexibility for redevelopment in an area where footprint and frontage are paramount. Positioned directly on Main Street, the site enjoys constant pedestrian and vehicle visibility, making it ideally suited for high-impact commercial uses. Development potential includes destination restaurants, distinctive retail, professional offices, or motel-style accommodations designed to serve the area's steady flow of visitors. Panoramic water views are available with enough elevation of a new structure, including sunset as well as overlooking all of Dock Street to the south. Cedar Key is a well-established tourist destination, celebrated for its Old Florida character, waterfront charm, fishing heritage, and thriving arts and dining scene. The local community is notably supportive of thoughtful, well-executed development that enhances the town's vitality while respecting its historic fabric—creating a favorable environment for investors and developers with vision. Adding to the appeal, additional adjoining properties are available, presenting a rare chance to assemble a larger footprint for a cohesive project. These parcels open the door to dedicated parking, service access, or expanded commercial offerings—assets that are increasingly difficult to secure in historic downtown settings. Up to 3 consecutive lots fronting 2nd Street are available plus two more lots that currently features the famous (or infamous) L&M building. This is not merely a building; it is a blank canvas on one of Cedar Key's most prominent streets, surrounded by tourism-driven demand and local enthusiasm for progress. For development-minded buyers, this offering represents a singular opportunity to shape the next chapter of Main Street while capitalizing on one of Florida's most distinctive coastal markets. Buyers will pay all closing costs including documentary stamps on deed, title insurance, title search and closing fees, and recording of deed. Please ask for an estimate.