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Saint Augustine Hospitality Properties for Sale
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Saint Augustine, FL, located on the northeastern coast of Florida, offers a distinctive opportunity for commercial real estate investment, especially in the hospitality industry. The city's status as the oldest continuously occupied European-established settlement in the United States attracts a large number of tourists throughout the year, making it a prime location for hospitality properties. The well-developed infrastructure, supported by institutions like Flagler College and nearby Jacksonville's amenities, further enhances the city's appeal for this sector. The beautiful beaches and historical sites like the Castillo de San Marcos add to the attractiveness for hospitality businesses, while the local education system benefits employees in the industry.
In Saint Augustine, hospitality properties are in demand due to the city's appeal to tourists, with landmarks such as the Castillo de San Marcos and a consistent flow of visitors interested in its history and coastal setting. Besides hospitality, the city's food scene offers opportunities in the restaurant sector, attracting both locals and visitors. Apartment buildings are crucial for housing the increasing workforce and students from nearby educational institutions. Shopping centers are also part of the real estate mix, meeting community needs and contributing to the retail environment.
Learn About Hospitality Properties For Sale in Saint Augustine
How many hospitality properties listings are available for sale in Saint Augustine, FL?
There are currently 6 hospitality properties listings available for sale in Saint Augustine, FL.
What factors should I consider when searching for hospitality properties for sale in Saint Augustine, FL?
Considering the purchase of hospitality properties in Saint Augustine, FL involves evaluating several critical factors to ensure the investment meets your objectives.
- Examine the economic landscape of Saint Augustine, FL, including the presence of tourist attractions like the Castillo de San Marcos, which draws visitors year-round.
- Assess the proximity to key infrastructure and amenities, such as access to major highways for ease of guest travel and closeness to downtown areas offering dining and entertainment options.
- Understand the local market and competition by looking into the average price per square foot, which is $594, and the size of available listings, ranging up to 35,198 SF, to gauge how your potential investment compares.
How much does it cost to buy a/an Hospitality Property in Saint Augustine?
The cost to buy a Hospitality Property in Saint Augustine varies, with the market offering a range of options to consider.
- The average price per square foot for Hospitality Properties is $594, giving buyers an overview of the market's pricing structure.
- With an average size of 11,982 SF and a total of 6 listings available, prospective buyers have a diverse selection to choose from, up to the largest size of 35,198 SF.
What is the largest hospitality property available to buy in Saint Augustine?
The largest hospitality property currently listed for sale in Saint Augustine offers 35,198 SF of space.
Why is Saint Augustine an ideal location for hospitality properties for sale?
Saint Augustine's status as the oldest continuously inhabited European-established settlement in the United States, coupled with its rich history and strategic coastal location, make it a prime destination for tourists, thereby offering a vibrant market for hospitality properties with 6 listings currently available, an average price/sqft of $594, and options ranging up to 35,198 SF in size.
Size Summary For Saint Augustine Hospitality Properties
| Hospitality Property Size | Square Feet |
|---|---|
| Maximum | 35,198 SF |
| Average | 11,982 SF |
| Minimum | 3,435 SF |
Prices for Saint Augustine Hospitality Properties
| Hospitality Property Price | Price Per SF |
|---|---|
| Maximum | $961 Per SF |
| Average | $594 Per SF |
| Minimum | $229 Per SF |
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