1544 S OCEAN SHORE BLVD Flagler Beach, FL 32136
6,796 SqFt
UPDATED:
11/13/2024 06:03 PM
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 6,796 sqft
Price per Sqft $439
Subdivision Fuquay Sub
MLS Listing ID V4935284
HOA Y/N No
Originating Board Stellar MLS
Year Built 1967
Annual Tax Amount $11,106
Lot Size 0.320 Acres
Acres 0.32
Lot Dimensions 100x125
Property Description
The Beachfront Motel is a 20 room motel located on scenic A1A with unobstructed ocean views in the tourist district of downtown Flagler Beach. Flagler Beach has Old Florida charm with locally-owned businesses offering restaurantes (no chains) with homemade cooking, local artists’ creations, and small town hospitality. The city of Flager Beach has six miles of beaches, bountiful fishing, beachside shops, waterfront restaurants and State parks. Its laid-back atmosphere and retro vibe makes it a popular destination for vacationers looking for a blend of relaxation and things to do.
Key Features
1. **Convenient to Travel** South of Flagler Beach is Daytona Beach (15 miles) and Orlando (75 miles). North is St. Augustine (35 miles) and Jacksonville (75 miles).via I-95 or the scenic route on A1A.
2. **Prime Location**: Situated on scenic SR A1A with unobstructed ocean views, the property offers easy access to the beach via a dune walkover across the street. This part of the beach is pet friendly as is the Motel. Its walkable proximity to entertainment, shopping, and dining options makes it highly desirable for tourists.This walkability, plus the laid-back nature of Flagler Beach, have lured visitors away from busier beach towns like Hilton Head and New Smyrna Beach.
2. **Turn-Key Motel Business** Built in 1967, the current owner has owned and operated the property for 27 years, making improvements and upgrades to the Motel and rooms over the years, the latest being a new roof in 2024. Beachfront Motel has a loyal following with consistent repeat business. Additionally, there is a strong management team currently in place that has significantly increased positive online reviews and bookings. 2023 bookings were increased 10% over those in 2022.
3. **Strong Growth Potential**: The ongoing development projects in Flagler Beach are expected to enhance the community's exposure nationally. Current projects in Flagler Beach include the $12.5 million Flagler Pier replacement and the new $17 million 100 room Margaritaville Hotel by Compass one block west of A1A on State Rd 100, just 15 blocks south of the Motel. These projects are expected to increase the upside potential of the Beachfront Motel.
4. **The Motel**:The well-appointed rooms are decorated with a retro beach vibe. There are choices in room size and amenities, with some having kitchenettes. Enjoy the views and ocean breezes from the walkway balcony.
With the ongoing development projects expected to increase the community's exposure nationally resulting in increased bookings and room rates, the Beachfront Motel, with its prime location and Tourist Commercial Zoning, is well-positioned to capitalize on the growing interest in Flagler Beach as a tourist destination. Overall, it is an excellent investment opportunity for those wishing to purchase beachfront property and/or looking to enter the hospitality business in this charming beachfront community.
Location
State FL
County Flagler
Community Fuquay Sub
Zoning REC
Interior
Heating Wall Units / Window Unit
Cooling Wall/Window Unit(s)
Flooring Tile
Exterior
Garage Parking Spaces - 19 to 30, Common, Ground Level
Community Features Beach Area, Sidewalks
Utilities Available Electricity Available, Phone Available, Public
Waterfront Description Gulf/Ocean
View Y/N Yes
Water Access Yes
Water Access Desc Beach,Gulf/Ocean
Roof Type Shingle
Building
Lot Description City Limits, Sidewalk, Paved, Waterfront
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Block,Wood Frame,Wood Siding
New Construction false
Others
Ownership Sole Proprietor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
