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1308 S Ocean Shore Blvd, Flagler Beach, FL 1308 S Ocean Shore Blvd

2 Unit Apartment Building $899,999 ($450,000/Unit) Flagler Beach, FL 32136

Investment Highlights

  • Redevelopment Options
  • Ocean Front
  • Near to Town
  • Under Market Value
  • A1A

Executive Summary

This exceptional oceanfront property is situated along A1A, just south of Flagler Beach’s vibrant town center. The 13,359.79 sqft lot features a 2,486 sqft block structure currently divided into a 1,755.5 sqft front unit operating as a short-term vacation rental and a 730.8 sqft rear efficiency suite with a long-term tenant. With Tourist Commercial zoning, the property offers a range of redevelopment opportunities, from boutique motels to mixed-use commercial and residential spaces, such as ground-floor retail with upper-level rentals. Alternatively, the lot could be split into two original 6,679.89 sqft
parcels, potentially allowing for the construction of two luxury three-story beachfront homes. These homes could serve as high-end vacation rentals, aligning with the growing trend in the area.
Configuration: Two-unit rental property (short-term vacation and long-term
efficiency suite).
Unique Feature: 13,359.79 sqft lot with Tourist Commercial zoning.
Redevelopment Options:
Boutique motels or mixed-use residential/commercial spaces.
Lot splitting for two luxury beachfront homes or vacation rentals.
1300 S Ocean Shore Blvd just closed at $1,100,000 and it's the same size lot with no built in infrastructure and currently vacant land.
Please reach out to Liam Thoubboron 386-569-0327 or to Bruce Angulo 914-588-1253 for more information.
This property is currently occupied, please do not disturb the tenants.

Property Facts

Price $899,999
Price Per Unit $450,000
Sale Type Investment
No. Units 2
Property Type Multifamily
Property Subtype Apartment
Apartment Style Single Family Home
Building Class C
Lot Size 0.30 AC
Building Size 4,767 SF
Average Occupancy 85%
No. Stories 1
Year Built 1949

Unit Amenities

  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Freezer

Site Amenities

  • 24 Hour Access

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
18-12-32-2750-00001-0030
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$589,618
  • Listing ID: 34013245

  • Date on Market: 11/26/2024

  • Last Updated:

  • Address: 1308 S Ocean Shore Blvd, Flagler Beach, FL 32136

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