Property summary
This exceptional investment opportunity presents the Penny Farthing Inn, a profitable 9-room Victorian bed and breakfast located at 83 Cedar St, St. Augustine, FL 32084. Priced at $2,250,000, this well-established hospitality business boasts a prime location in the heart of St. Augustine's historic district, just blocks from iconic sites, acclaimed restaurants, and popular attractions. Situated on a quiet street, the inn offers guests a peaceful retreat with on-site parking and beautifully appointed rooms. The inn's personalized hospitality has earned consistent high praise on TripAdvisor, reflecting its strong reputation and loyal clientele. The property combines timeless Victorian charm with modern comforts, creating an attractive destination for visitors. This turnkey operation presents a lucrative opportunity for an investor seeking a well-established and successful business in a highly desirable location. The inn's strong performance and positive online reviews demonstrate its potential for continued growth and profitability. Access is easily gained by turning from King Street onto Granada Street, then onto Cedar Street, where the property is located on the left. This is a rare chance to acquire a thriving hospitality business in one of Florida's most captivating historic cities. The property is classified as Hospitality and Land, with zero separate units.
Property profile
VerifiedCap rate & NOI
Current use
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Bed & Breakfast Restaurant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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