1316 S OCEAN SHORE BOULEVARD

$1,600,000

$329/sq ft

$350,000
Price Decreased

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Overview

Year Built

1954

Sqft

4866

Property Type

Hotel/Motel

Property Description

Unbelievable investment opportunity in Flagler Beach, Fl. This amazing boutique Oceanfront motel sits on 100' of some of Florida's most beautiful beaches. Closed for the last few years, the property will require a full renovation allowing new owners to design and complete to their discretion. The current layout offers 10 guest rooms, a large owner/managers suite, laundry room, spacious garage and ample parking. Flagler Beach is located along Florida's Atlantic Coast between Daytona Beach and St. Augustine offering a quaint downtown, sparkling beaches, waterfront dining, and a wonderful family friendly atmosphere with free access to the beach. Visitors will enjoy easy access from Orlando and Jacksonville airports and is just a few minutes drive from I-95. Palm Coast and Flagler Beaches hotels & resorts enjoy 60.5% occupancy with an average daily rate of $150 for November of 2022. The property is zoned TC-Tourist Commercial allowing for Motels, Hotels, Bed and Breakfast, Restaurants, Gift Shops and several other uses.

Property Details

MLS#

FC288374

Total Floor in Bldg

1

Address

1316 OCEAN SHORE S

City

FLAGLER BEACH

State/county

FL

Zip/Postal Code

32136

Area

Fuquay Sub

Country

United States

HOA

Yes

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$7,808

Maint Fee

$--

Tax Year

2021

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Boris Gelfand