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Island Cottage Inn 2316 S Oceanshore Blvd

9 Room Hotel Flagler Beach, FL 32136 $2,950,000 ($327,778/Room) 7% Cap Rate

Investment Highlights

  • Oceanfront location with 2 private guest walkovers to the beach. Tripadvisor rated # 1
  • Relaxing private guest pool
  • Possible Owner financing to qualified Buyer
  • Renovated in 2021
  • Long lasting metal roof

Executive Summary

Welcome to your dream hospitality opportunity nestled along the picturesque shores of Flagler Beach. It's not often that the highest rated Inn comes to market. Island Cottage Inn is the Tripadvisor rated # 1 rated oceanfront lodging that is a popular destination for travelers seeking relaxation, comfort, and breathtaking views.
Prime Location: Situated directly on the sandy shores of Flagler Beach, this charming inn and suites property offers guests the ultimate coastal retreat. With private walkovers leading to the beach, every sunrise and sunset becomes a moment to cherish.
Elegant Accommodations: Featuring 9 updated guest rooms (plus Owners quarters), each meticulously designed with the comfort and satisfaction of guests in mind. From cozy suites to spacious rooms, every space exudes warmth and hospitality.
Manager's Apartment: In addition to the 9 guest accommodations is a manager's apartment plus garage in the Island Cottage Inn Complex provides convenience and a personal touch for the proprietors.
Resort-style Amenities: The guest pool beckons for a refreshing dip, while the breakfast room sets the stage for delightful mornings filled with delicious fare and engaging conversations.
Rave Reviews: Guests rave about the attention to detail and the amenities provided, with particular acclaim for the inviting pool, delicious breakfast offerings, and private beach access.
Coastal Florida Hospitality Opportunity: Whether you're an established hospitality entrepreneur or an aspiring innkeeper, this oceanfront bed & breakfast presents an exceptional opportunity to own a slice of paradise and delight guests with unforgettable experiences.
Don't miss out on this rare chance to own a piece of Flagler Beach's coastal charm. Contact us today to make this dream hospitality business venture yours!

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Taxes $99,999 $9.99
Operating Expenses - -
Total Expenses $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $2,950,000
Price Per Room $327,778
Sale Type Investment
Cap Rate 7%
Property Type Hospitality
Property Subtype
Hotel
Building Class B
Lot Size 0.37 AC
Building Size 6,357 SF
No. Rooms 9
No. Stories 2
Year Built/Renovated 2001/2021
Parking Ratio 2.2/1,000 SF
Corridor Interior

Amenities

  • Balcony
  • Pool
  • High Speed Internet Access
  • Patio
  • Public Access Wifi
  • Smoke-Free

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 3 $311.00 -
Guest Room 6 $239.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 19-12-32-0150-00120-0030
  • 19-12-32-0150-00010-0170
Land Assessment
$358,105
Improvements Assessment
$49,848
Total Assessment
$407,953
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023

zoning

Zoning Code TC (TC (Tourist Commercial)allowing for Motels, Hotels, Bed and Breakfast, Restaurants, Gift Shops and several other uses.)
TC (TC (Tourist Commercial)allowing for Motels, Hotels, Bed and Breakfast, Restaurants, Gift Shops and several other uses.)
  • Listing ID: 31793741

  • Date on Market: 5/14/2024

  • Last Updated:

  • Address: 2316 S Oceanshore Blvd, Flagler Beach, FL 32136

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