7605 A1A S, Saint Augustine, FL, 32080 | $8,295,000

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 6000 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) Experience the perfect blend of coastal charm and modern luxury at Bliss by the Sea Hotel – a sought-after hotel for travelers and an home-run investment opportunity for the right buyer.

Features

  • Current Use: Hotel,Motel
  • Zoning: CHT
  • Lot Size: 1.44 acres
  • Year Built: 2002
  • Approx Sq. Feet: 10,178
  • Acreage: 1.44
  • Est. Taxes: $44,065
  • MLS#: 244442
  • Days on Market: 55 days
  • Website: https://www.raveis.com
    /prop/244442/7605a1as_saintaugustine_fl?source=qrflyer
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Listing courtesy of COLDWELL BANKER PREMIER PROPERTIES

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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7605 A1A S, Saint Augustine, FL, 32080

$8,295,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $6,636,000 $6,636,000 $6,636,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.750% 6.750% 6.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.406% 6.864% 7.058%
Monthly Tax Payment $3,672 $3,672 $3,672
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $43,041 $43,041 $58,723
Total Monthly Payment $46,838 $46,838 $62,520

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.