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    2 Mulvey St St. Augustine, FL 32084

    For Sale
    $1,895,000

    Turnkey 8-Unit Hotel, Downtown

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This beautifully remodeled 8-unit boutique hotel in the heart of historic St. Augustine, Florida, presents a remarkable investment opportunity. Priced at $1,895,000, this turnkey property boasts eight bedrooms, each with a private bathroom. All furniture, linens, appliances, and garage parking passes are included in the sale. The seller will also transfer ownership of all associated social media accounts, Google Business Portfolio, and the hotel website. Significant recent renovations totaling approximately $200,000 have enhanced both the interior and exterior. Interior upgrades, costing roughly $125,000, encompass four completely renovated rooms with luxury bathrooms, plus three additional rooms featuring soundproofing, fresh paint, and updated fixtures. New furniture, linens, and mattresses were installed throughout. The eighth unit has served as storage. Exterior improvements, valued at approximately $75,000, include a fresh coat of paint, updated landscaping, new lighting, fencing, fountains, artificial turf, a pergola, a renovated driveway, and the addition of palm trees. This property is ready for immediate operation and offers a unique blend of charm and modern amenities in a prime location. Located at 2 Mulvey Street, St. Augustine, FL 32084.

    Property Features for 2 Mulvey St

    General Information

    Property type
    Motels

    HighLights

    • Asking Price: $1,895,000
    • Turnkey 8‑unit boutique hotel in downtown St. Augustine, FL
    • Eight bedrooms, each with a private bathroom
    • Includes all furniture, linens, appliances, and garage parking passes; seller provides access to online marketing materials.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Casa De Hernandez Inn

    Suggested Use

    Realty agency Law Firm Spa & Massage Dental Office Hair Salon Restaurant Nail Salon Building Supply Gym & Fitness Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    St. Augustine
    County
    St. Johns
    State
    Florida
    Longitude
    -81.3186178
    Latitude
    29.8970716

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    FAQs

    What type of property is this?
    Motel - Turnkey 8-Unit Hotel, Downtown
    Where is this motel located?
    The property is located at 2 Mulvey St St. Augustine, FL.
    What is the asking price?
    The asking price for this property is $1,895,000.
    What are key features of this property?
    This property features: Asking Price: $1,895,000; Turnkey 8-unit boutique hotel in downtown St. Augustine, FL; Eight bedrooms, each with a private bathroom
    Request Owner's contact information
    2 Mulvey St St. Augustine, FL 32084
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2 Mulvey St St. Augustine, FL 32084
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