18 Cordova St Saint Augustine, FL 32084-3619
- Bed & breakfasts
- 4,431 SF
- 0.17 lot acres
Current Use by Public Records
- Southern Wind Inn / Bed & Breakfast
Property Details for 18 Cordova St
- Year built
- 1900
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.17 lot acres
- Property size
- 4,431 SF
- Zone code
- RG1
- Property type
- Bed & breakfasts
- APN
- 206270 0000
- APU
- 2062700000
Description
This exceptional 10-room bed and breakfast, nestled in the heart of St. Augustine's Historic District at 18 Cordova St, presents a unique investment opportunity. The property, built in 1900 and extensively renovated in 2020, boasts 4,764 square feet of space across three stories within a single Coquina block building. Elevated 5 feet above grade, it features a new roof and a recently installed sprinkler system. The inn includes 10 guest rooms, each with a private bathroom (10.5 baths total), offering comfortable accommodations for guests. An additional third-floor room with a bath presents potential for an 11th guest room or manager's quarters. The sale includes all furniture, fixtures, equipment, and linens, making this a truly turnkey operation. On-site parking is available, supplemented by nearby city parking. Streamlined operations are ensured by an updated website, cloud-based property management software, and existing bookings through Expedia and Booking.com. The property sits on a 0.17-acre lot (APN 206270-0000) and is zoned RG-1. Existing bank loan financing of $1,450,000 is available. This thriving business is priced for a quick sale, representing an excellent opportunity to acquire a profitable hospitality asset in a prime location. Guest history is included in the sale.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,170,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,995,000
- 6.5%
- $2,285,000
- 7%
- $1,975,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,750,000
- Geo Method
- $1,895,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,995,000
- Retail
- $2,410,000
- Mixed-Use
- $2,255,000
- Hospitality
- $2,305,000
- Educational
- $2,000,000
- Residential Income
- $2,290,000
- Energy
- $2,370,000
- Income-Based Land
- $1,985,000
- Food Service
- $2,110,000
Location Insight
- Map
- Local Demand
- City
- Saint Augustine
- County
- St. Johns
- State
- Florida
- Longitude
- -81.315
- Latitude
- 29.8965
- CBSA code
- 27260
- CBSA name
- JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA
