7605 A1A S - Hospitality FOR SALE


Saint Augustine, FL 32080
$7,895,000 USD
904-814-2080
7605 A1A S, Saint Augustine, FL for Sale
$7,895,000 USD
Hospitality - FOR SALE
1/60
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7605 A1A S
Saint Augustine, FL 32080


HIGHLIGHTS

  • Prime Location: 100 feet of Intracoastal Waterway frontage in historic Saint Augustine, Florida
  • Luxurious Accommodations: 10 upscale en-suite guest rooms, elegantly renovated and redecorated
  • Owner's Paradise: 3,500 sq ft penthouse with private rooftop deck and stunning views
  • Amenities Galore: Pool, outdoor jacuzzi, on-site breakfast restaurant
  • Boater's Dream: Two-level boathouse with two boat slips and second-floor entertainment space
  • Event Ready: Ideal for weddings and private events with panoramic views

OVERVIEW

Your Next Business Acquisition, Primed for Growth (with the hard part out of the way) Revamped, Rebranded, and Revenue-Generating: Your Next Success Story Guided by a hotel industry veteran, this former rehabilitation center underwent a nine-month renovation starting in August 2022, completely overhauling both interior and exterior. Since opening in May 2023 as Bliss By The Sea, the hotel has accumulated over 1,000 5-star reviews across Google, Booking.com, Airbnb, and other platforms. In addition to being a top-ranked property on OTAs, the hotel's organic traffic has grown to over 6,000 users per month within 1-year and continues to climb. When compared to a CoStar/STR report, the average room rental rate for 2024 is above the median RevPAR of competitors in the area. With a strong, established foundation, we've set up the new owner for a home-run. Turnkey Operation - Advanced technology allows you to manage every aspect of the business effortlessly: - Guests book rooms directly through various OTAs and receive codes automatically - Hard physical key backups ensure continuity in case of technological disruption - Centralized control and automated reporting for room access, HVAC, and pool systems - GM with a technology industry background has built the system for immediate handoff - Reliable cleaning staff in place - Kitchen leased with breakfast prepared daily by a professional chef Huge Potential for Value Add - Open the third-floor penthouse suite and rooftop for an instant jump in revenue: - Currently staff-occupied with five additional bedrooms - Potential to rent as individual rooms, as a master penthouse suite, or for events - Rooftop offers panoramic views of Crescent Beach and Matanzas River - Comparable rooftop event venues charge $3,000-$5,000 per event, not including room rentals Strong Financial Performance: - Average room rental rate currently above median RevPAR of competitors (Costar analysis) Business value included in the sale. NEW DRONE VIDEO: https://youtu.be/NUl49PVlXYg

FOR SALE DETAILS

PRICE

$7,895,000 USD

PRICE/SF

$776 USD /SF

# OF ROOMS

10

PRICE/ROOM

$789,500 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bliss by the Sea Bed and Breakfast

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2002

PARKING SPACES

14

LAND DETAILS

LAND ACRES

1.45 AC

LAND SF

62,952 SF

ZONING

CHT/R3

APN/PARCEL ID

185550-0280

ASK ABOUT THIS PROPERTY

Rich O'BrienColdwell Banker Commercial Premier PropertiesMore Info
904-814-2080

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Rich O'BrienColdwell Banker Commercial Premier PropertiesMore Info
904-814-2080

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.