1316 Ocean Shr Blvd Flagler Beach, FL 32136
- Retail properties
- 4,532 SF
Current Use by Public Records
- Retail properties
Property Details for 1316 Ocean Shr Blvd
- Year built
- 1954
- Property size
- 4,532 SF
- Property type
- Retail properties
- Property subtype
- Land
Description
Exceptional investment opportunity awaits in Flagler Beach, Florida, with this 4,532 square foot oceanfront motel situated on a 13,068 square foot lot. Built in 1954, this property boasts 10 guest rooms, a spacious owner/manager suite, laundry room, and ample parking. Currently closed, it presents a blank canvas for a complete renovation, allowing new owners to customize the design and amenities to their vision. The property enjoys a prime location on approximately 100 feet of pristine beachfront, offering unparalleled views and direct beach access. Flagler Beach's charming downtown area, waterfront dining, and family-friendly atmosphere provide a strong draw for tourists. Conveniently located between Daytona Beach and St. Augustine, with easy access to I-95 and major airports, the property benefits from high tourist traffic. Zoned TC-Tourist Commercial, the property allows for diverse uses including motels, hotels, bed and breakfasts, restaurants, and gift shops. While requiring renovation, the potential for high returns is significant, considering the area's strong occupancy rates (60.5% in November 2022) and average daily rates ($150 in November 2022) for similar establishments. The asking price is $1,750,000. Square footage is based on tax records
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Flagler Beach
- County
- Flagler
- State
- Florida
- Longitude
- -81.1232
- Latitude
- 29.4714
