1104 S OCEAN SHORE BLVD, FLAGLER BEACH, FL, 32136
$3,500,000
Commercial Sale
|
Lot Size
25,000 Sqft
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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.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRFC290302 | Year Built: | 1945 | |
| Accessibility Features: | Accessible Approach with Ramp, Accessible Bedroom, Accessible Full Bath, Visitor Bathroom, Accessible Hallway(s) | Appliances: | Dishwasher, Dryer, Microwave, Refrigerator, Washer | |
| Basement: | Bath/Stubbed, Crawl Space, Finished, Full, Interior Entry | Building Features: | Bathrooms, Common Lighting, Elevator – None, Fencing, Furnished, Kitchen Facility, Lit Sign on Site, On Site Shower, Ramp, Reception, Seating, Stone Counter, Waiting Room | |
| Construction Materials: | Stucco | Cooling: | Central Air | |
| Country: | US | County Or Parish: | Flagler | |
| Direction Faces: | East | Electric: | 200+ Amp Service, Separate Meters | |
| Flooring: | Carpet, Ceramic Tile, Laminate, Parquet | Foundation Details: | Basement, Block, Crawlspace, Slab | |
| Heating: | Central, Exhaust Fan, Heat Pump | Levels: | Two | |
| Listing Agreement: | Exclusive Right To Sell | Listing Terms: | Cash, Conventional | |
| Lot Features: | Flood Insurance Required, Waterfront | Parking Features: | Parking Spaces - 19 to 30, Ground Level, Lighted | |
| Possession: | Negotiable | Property Condition: | Completed | |
| Property Sub Type: | Hotel/Motel | Property Type: | Commercial Sale | |
| Road Frontage Type: | State Road | Road Responsibility: | Public Maintained Road | |
| Road Surface Type: | Asphalt | Roof: | Cement | |
| Security Features: | Security Lights, Smoke Detector(s) | Sewer: | Public Sewer | |
| Showing Requirements: | Appointment Only, Call Listing Agent | Special Listing Conditions: | None | |
| Standard Status: | Active | State Or Province: | FL | |
| Utilities: | BB/HS Internet Capable, Electricity Available, Phone Available, Public, Water Connected | Vegetation: | Bamboo, Trees/Landscaped | |
| Water Source: | Public | Waterfront Features: | Beach Front, Gulf/Ocean | |
| Window Features: | Double Pane Windows, Drapes, Storm Window(s), Insulated Windows, Low-Emissivity Windows, Tinted Windows | |||
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