505 3RD STREET, CEDAR KEY, FL 32625
MAP/SOURN PART/CITY/CEDARY KEY · Levy County
Key Facts
Description
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.
Property Information
Property Type
Commercial Sale
Sub-Type
Mixed Use
Year Built
1940
Living Area
3,898 sq ft
Lot Size
0.09 acres
Ownership
Fee Simple
Zoning
MIXED USE
Days on Market
1
MLS® Listing#
GC539939
Property Features
Cooling
Construction
Foundation
Financial Details
Annual Taxes
$2,289
Tax year 2025
Parcel Number
08600-001-00
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
Affordability Calculator
$70,000
Estimated monthly payment
$1,863/mo
Principal $279,999 · Est. interest $390,624 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in CEDAR KEY, FL
- $930,769
- Median Listing Price
- 123
- Median Days on Market
- 1,540
- Median Sq Ft
- $696
- Median Price / Sq Ft
- 789
- Active Listings
- This home’s price is 62% below the area median.
- Its price per sq ft is 87% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in CEDAR KEY, FL.
Location
Points of Interest in CEDAR KEY, FL
Showing the CEDAR KEY area map.
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1801 N Roosevelt M-28 Boulevard, Key West, FL | $245,000 | — | — | — |
| 13555 Perdido Key Drive A13U, Perdido Key, FL | $248,500 | 1 | 1 | 654 |
| 13555 Perdido Key Dr A13U, Perdido Key, FL | $248,500 | 1 | 1 | 654 |
| 14100 River Road 114- A Building, Perdido Key, FL | $249,900 | 2 | 2 | 1,157 |
| 14100 River Rd 114-A, Perdido Key, FL | $249,900 | 2 | 2 | 1,157 |
| 232 Alton Rd, Perdido Key, FL | $249,900 | 3 | 2 | 1,558 |
Moving Cost Estimate
EXIT Agents in CEDAR KEY
Listing Courtesy: COLDWELL BANKER M.M. PARRISH REALTORS - 352-335-4999
Last Updated: 2026-05-06