Current Use by Public Records
- Hospitality properties
Property Details for 1544 Ocean Shr Blvd
- Year built
- 1967
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
This exceptional 20-unit beachfront motel in Flagler Beach, Florida, presents a compelling investment opportunity. Boasting 6,796 square feet on a 13,721.4 square foot lot, this two-story, 1967-built property enjoys a prime location on scenic A1A, offering unobstructed ocean views. The motel benefits from its proximity to the beach (accessible via a dune walkover), local shops, restaurants, and attractions, all within walking distance. Recent upgrades include a new roof (2024), and the property has a strong management team in place, evidenced by a 10% increase in bookings from 2022 to 2023. The motel features well-appointed rooms, some with kitchenettes, and a retro beach vibe. Its pet-friendly policy further enhances its appeal. Flagler Beach's charming atmosphere and ongoing development projects, including a new pier and a Margaritaville Hotel, promise significant growth potential, making this a highly desirable investment in the hospitality sector. The property's Tourist Commercial zoning adds to its versatility and future development possibilities. Located conveniently near Daytona Beach, St. Augustine, and Orlando, this motel is well-positioned to capitalize on the increasing tourism in the area. The asking price is $2,990,000.
Value Estimations
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AI approach
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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
- -81.1212
- Latitude
- 29.4673
