TBD 2nd St, Cedar Key, FL 32625
sale
$259,000
|
Apartment
Courtesy Of Pelican Realty
One of the most beloved buildings in all of downtown Cedar Key, fronting the island's busiest thoroughfare, the historic Woolworth Building stands as both a landmark and a provocation a rare, large-scale commercial structure whose past and future are equally compelling. Constructed in 1881 and featuring two full city lots, the building has long been woven into the civic and cultural life of Cedar Key. Most notably, it once housed the well-known L & M Bar, a gathering place remembered by generations of locals and visitors alike. Today, time has taken its toll. The structure is in significant disrepair and is not currently occupiable; a comprehensive restoration will be required, including the installation of a new roof. Yet the fundamentals remain: substantial square footage, city water and sewer connections, and an irreplaceable downtown location with constant pedestrian and vehicular exposure. Contractors and structural engineer as well as a historic preservationist have noted the building is in poor, but definitely repairable condition. The original tabby walls inside speak to its amazing history and future possibilities. What distinguishes this property is not its present condition, but the breadth of its potential. The scale and layout lend themselves to a wide range of uses an anchor restaurant, a boutique hotel or inn, mixed retail, galleries, or a creative reimagining that blends several concepts under one historic roof. 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. In a town where character and authenticity are currency, the opportunity to revive a building of this stature is increasingly rare. For the buyer with vision, patience, and respect for history, the Woolworth Building offers more than a renovation project. It offers stewardship of a cornerstone property, the chance to shape the next chapter of downtown Cedar Key, and the possibility of transforming a storied but dormant structure into a vibrant destination once again. Serious Buyers only. Buyers must provide proof of funds prior to showings and an agent must accompany you. DO NOT ATTEMPT TO ENTER WITHOUT AN AGENT. Additional adjoining properties including lots for dedicated parking or business service drive are available for the development minded Buyer.
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Cooling System: None (Cooling)
- Exterior Type: Frame
- Exterior Type: Other
- Floors: 2
- Heating System: Other (Heating)
- Legal Description: CEDAR KEY BLK 12 LOTS 2 & 3 OR BOOK 1619 PAGE 119
- MLSID: 796265
- Roof Type: Metal
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