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Bombora Oceanside Suites 901 N Oceanshore Blvd

5 Room Hotel Flagler Beach, FL 32136 $1,990,000 ($398,000/Room)

Investment Highlights

  • Ocean front location with beach walkover. No drive beach. Breathtaking ocean views. Laid-back Coastal Charm.
  • Well maintained-inside & out. Updated, well-appointed Coastal chic units. Large living and dining areas and full kitchens.
  • Top rankings on Airbnb and VRBO sites. Integrated software for bookings.
  • Walkable location with MANY restaurant, shopping and entertainment options.
  • Solid upside potential in addition to consistent current business.
  • Easy access to SR 100 and I-95, St. Augustine & Jacksonville to the north and the greater Daytona Beach Area to the south.

Executive Summary

Welcome to the beachfront community of Flagler Beach, Florida, a Retro Town with Salty Style!
Bombora Oceanside Suites is a five unit, fully operational, vacation rental property located on scenic SR A1A with unobstructed ocean views in the tourist district of downtown Flagler Beach. This property is turn-key, is extremely well maintained, and has a solid reputation with increasing repeat bookings.
Key Features
1. **Prime Location**: Situated on scenic SR A1A with unobstructed ocean views, the property offers easy access to the beach via a dune walkover directly across the street. Its walkable proximity to entertainment, shopping, and dining options makes it highly desirable for tourists.
2. **Turn-Key Vacation Rental Business** The property boasts a solid reputation on platforms like Airbnb and VRBO, with Super Hosts and Premier Hosts designations, indicating high guest satisfaction and consistent bookings. Additionally, the increase in repeat guests signifies customer loyalty and satisfaction.
3. **Strong Growth Potential**: The ongoing development projects in Flagler Beach are expected to enhance the community's exposure nationally. Current projects in Flagler Beach include the $12.5 million Flagler Pier replacement and the new $17 million 100 room Margaritaville Hotel by Compass one block west of A1A on State Rd 100, just 9 blocks south of Bombora. These projects are expected to increase the upside potential of Bombora Oceanside Suites.
4. **Units**:The one bedroom units have been meticulously updated and attractively decorated with a cozy coastal vibe to provide a memorable experience. Each unit has a fully-equipped kitchen, living and eating areas. In addition to these four units, there is a two story fifth unit with three bedrooms and two baths presently occupied by the owners. This third floor unit has a large oceanfront balcony and stunning 180 degree unobstructed ocean views. With over 2,000 square feet, this unit presents a unique opportunity for either owner occupancy or additional rental income.
5. **Outdoor Amenities**: The property features a large oceanfront patio with picnic tables and a firepit, providing guests with additional recreational space to enjoy the beautiful surroundings and socialize with fellow travelers.
6. **Additional Opportunities**: The inclusion of an oversized two-car garage offers flexibility for future use, whether it's for owner storage, rental, or conversion into a retail space, further maximizing the property's potential.
7. **Local Attractions and Walkability**: The property's walkable proximity to various entertainment, dining, and shopping options within a mile radius makes it attractive to guests seeking a vibrant and convenient vacation experience. This walkability, plus the laid-back nature of Flagler Beach, have lured visitors away from busier beach towns like Hilton Head and New Smyrna Beach. Added to the customer base are bookings from the Northeast US, Georgia, Tennessee and many from Florida, including the Orlando, Jacksonville and Tampa areas.
With the ongoing development projects expected to increase the community's exposure nationally, Bombora Oceanside Suites, with its prime location and Tourist Commercial Zoning, is well-positioned to capitalize on the growing interest in Flagler Beach as a tourist destination. Overall, it is an excellent investment opportunity for those wishing to purchase beachfront property and/or looking to enter the vacation rental market in this charming beachfront community.

Financial Summary (Pro forma - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $1,990,000
Price Per Room $398,000
Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 0.12 AC
Building Size 6,076 SF
No. Rooms 5
No. Stories 3
Year Built/Renovated 1986/2022
Parking Ratio 1.65/1,000 SF
Corridor Interior

Amenities

  • Beach (direct access)
  • Public Access Wifi
  • Smoke-Free

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 5 $162.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 01-12-31-1100-00050-0060
  • 01-12-31-1100-00050-0050
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,153,496
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023

zoning

Zoning Code TC (Tourist Commercial/ Commercial See attached description)
TC (Tourist Commercial/ Commercial See attached description)
  • Listing ID: 30070281

  • Date on Market: 11/15/2023

  • Last Updated:

  • Address: 901 N Oceanshore Blvd, Flagler Beach, FL 32136

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