Added: May 27, 2025Changed: Mar 16Last Checked: Aug 29 at 7:45AM
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Investment Insights
Based on property information with market context.
The historic Satsuma Hotel, a 5,076 sq ft property on a 0.64-acre lot in downtown Alford, Florida, is grandfathered in as a commercial/residential multi-use building. Currently used as a private residence, this versatile space features over 18 rooms, including 8 bedrooms, 3 full modern baths, and 2 half baths. It is suitable for use as a boutique inn, event venue, private residence, or live/work setup. The interior includes heart pine floors, restored original cabinetry, a large 15'x46' entertainment hall with antique sliding doors, a spacious pantry, laundry room, modern stainless appliances, and negotiable vintage kitchen pieces. Upgrades include a tin roof (2018), solar panels with Tesla battery backup (2020), central HVAC on each floor, Berber commercial carpet, bead board insulation, shotgun-style hallways, and 11' ceilings. The third floor serves as an art studio with additional attic storage potential. Outdoor features include a fenced yard with two electric gates, a 2-car garage, three porches, ample guest parking, an equipment shed with attached guest bath, and an exterior staircase with a wench for lifting items to upper floors. Federal grants have funded major infrastructure improvements including a commercial sewage system (to be completed Sept 2025), a city water tower and modern water system (completed Dec 2024), freshly paved roads, and updated street signage.
Key Highlights
Grandfathered commercial/residential multi‑use status in downtown Alford.
Significant infrastructure upgrades including a commercial sewage system (Sept 2025) and a modern water system (Dec 2024).
Sustainable features including solar panels with Tesla battery backup (2020) and a tin roof (2018).
Property Analytics
Property Profile
Current Use
Bed & breakfasts
Suggested Use
Top PickBig Box & Wholesale Store(Bike/Boat/Book/etc) StoreButcherComputer & Electronic RepairBarber ShopGrocery & Convenience Store
Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32420, FL
2,289
Population
1,540
Households
1.5
Avg Household Size
48
Median Age
10%
College-Educated
83%
High-School Grad
53.0 sq mi
ZIP Area
43
Density / Sq Mi
$46,455
Median Household Income
$43,183
Median Earnings
$775
Median Rent
$118,800
Median Home Value
Questions? Ask Rey
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Bed & breakfast - Unique 5,076 sq ft property ideal for various uses.
Where is this bed & breakfast located?
The property is located at 1748 Georgia Street Alford, FL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Grandfathered commercial/residential multi‑use status in downtown Alford.; Significant infrastructure upgrades including a commercial sewage system (Sept 2025) and a modern water system (Dec 2024).; Sustainable features including solar panels with Tesla battery backup (2020) and a tin roof (2018).