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Business Opportunity - for Sale

1104 S OCEAN SHR, FLAGLER BEACH, FL 32136

Asking Price$3,500,000 Change Price$400,000

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  • Days on market:

    864 day(s)
  • Original Price:

    $6,580,056
  • Tax Legal Description:

    GEORGE MOODY SUB DIV BLOCK 18 LOTS 1,2,3 OR 268 PG 391
  • Tax Year:

    2022
  • Property Type:

    Business Opportunity
  • Parking:

    19 to 30 Spaces Ground Level Lighted
  • Waterfront:

    Yes
  • Waterfront Description:

    WaterfrontBeach Gulf/Ocean
  • Construction Type:

    Stucco
  • Roof:

    Cement
  • Cooling Description:

    Central Air
  • Heating Description:

    Central BuildingExhaust Fan Heat Pump
  • Floor Description:

    LaminateCarpet ParquetCeramic Tile
  • Equipment/Appliances:

    DishwasherMicrowaveRefrigeratorDryerWasher
  • Special Listing Conditions:

    None
  • Lot Features:

    Flood Insurance Required Waterfront

Description

$3,500,000 • waterfront access

Explore the golden magnolia resort and spa at 1104 oceanshore boulevard, a newly renovated and fully operational boutique beach retreat. the nine-room resort includes an oceanfront restaurant with a commercial kitchen, a plunge and 98-degree mineral pool, and a 1,672-square-foot full-service luxury spa. cap rate 7.45% ample outside deck and pergola seating at the golden magnolia takes advantage of the breathtaking ocean and pool views throughout the property which lead to a beach entry offering guests miles of relaxing, sandy beaches. it also features poolside day beds, pool deck picnic tables and umbrellas, outdoor lounge areas, an outdoor gas fireplace, new air conditioning systems, and a new water heater, lowering the estimated capital expenditures for buyers. additionally, the resort is fully licensed for liquor, restaurant, and spa services and is available to book through major booking sites, providing multiple avenues from which to capitalize. buyers can acquire an asset equidistant to jacksonville and orlando in a community projected to see a 16.5% growth in population by 2027. that figure reflects a trend throughout the region of new residents looking to northern florida’s warmer climate to provide a perpetual vacation destination unrivaled by the rest of the country. that will buoy already high traffic counts that exceed 16,000 vehicles per day, adding to the number of potential guests attracted to the retreat. the golden magnolia resort and spa at 1104 oceanshore boulevard is ideally suited for buyers searching for their next investment in a rapidly-growing community.
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