Current Use by Public Records
- Bombora Oceanside Suites / Hotel & Motel / Resort
- Flagler Beach Stucco and Painting / General Contractor / Renovation Specialist
Property Details for 901 Oceanshore Blvd
- Year built
- 1986
- Property type
- Hospitality properties
Description
This fully operational, five-unit vacation rental property in Flagler Beach, Florida, offers a compelling investment opportunity. Located on scenic A1A with unobstructed ocean views, the property boasts 5,068-6,076 square feet across three stories and sits on a 4,868 square foot lot. The 11-bedroom property includes four one-bedroom units and a spacious three-bedroom, two-bathroom owner's suite. Recent renovations (2021-2023) have enhanced the property's appeal, resulting in a strong reputation and high occupancy rates on platforms like Airbnb and VRBO. The property features a large oceanfront patio with picnic tables and a firepit, and an oversized two-car garage offers additional potential. With a pro-forma NOI of $164,133 and a 7.46% cap rate, this turnkey business benefits from its prime location near local attractions, dining, and shopping, and from ongoing community development projects, including a new Margaritaville Hotel nearby. The property is zoned Tourist Commercial, offering flexibility for future expansion or use. The asking price is $2,200,000, representing a price per key of $440,000. This is an exceptional opportunity to acquire a successful, well-maintained vacation rental business in a thriving coastal community. The property's strong performance, prime location, and growth potential make it an attractive investment for both seasoned investors and those new to the vacation rental market. Built in 1986, this property offers a blend of established success and future upside.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Flagler Beach
- County
- Flagler
- State
- Florida
- Longitude
- -81.1306
- Latitude
- 29.4868
