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1104 S OCEAN SHORE BOULEVARD

Commercial For Sale
$3,900,000

BTC: 38.42364532

ETH: 1,052.91576674

-$3M (2024/06/11)
629 days
Waterfront
0 room(s)
Est. Estimated sales range: $0 - $0
$0

Overview

Explore the Golden Magnolia Resort and Spa at 1104 Oceanshore Boulevard, a newly renovated and fully operational boutique beach retreat. The nine-room resort includes an oceanfront restaurant with a commercial kitchen, a plunge and 98-degree mineral pool, and a 1,672-square-foot full-service luxury spa. Cap Rate 7.45% Ample outside deck and pergola seating at the Golden Magnolia takes advantage of the breathtaking ocean and pool views throughout the property which lead to a beach entry offering guests miles of relaxing, sandy beaches. It also features poolside day beds, pool deck picnic tables and umbrellas, outdoor lounge areas, an outdoor gas fireplace, new air conditioning systems, and a new water heater, lowering the estimated capital expenditures for buyers. Additionally, the resort is fully licensed for liquor, restaurant, and spa services and is available to book through major booking sites, providing multiple avenues from which to capitalize. Buyers can acquire an asset equidistant to Jacksonville and Orlando in a community projected to see a 16.5% growth in population by 2027. That figure reflects a trend throughout the region of new residents looking to Northern Florida’s warmer climate to provide a perpetual vacation destination unrivaled by the rest of the country. That will buoy already high traffic counts that exceed 16,000 vehicles per day, adding to the number of potential guests attracted to the retreat. The Golden Magnolia Resort and Spa at 1104 Oceanshore Boulevard is ideally suited for buyers searching for their next investment in a rapidly-growing community.

Location

Facts and features

Type:
Commercial Sale
Parking:
19 to 30 Spaces / Ground Level / Lighted
Year Built:
1945
Lot:
0.57 Acres
Heating:
Central Building / Exhaust Fan / Heat Pump
Price/sqft:
No Data
Cooling:
Central Air
HOA:
No Data
All facts and features
  • Flooring

    • Carpet

    • Ceramic Tile

    • Laminate

    • Parquet

    Heating

    • Central Building

    • Exhaust Fan

    • Heat Pump

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Dryer

    • Microwave

    • Refrigerator

    • Washer

  • Parking

    • 19 to 30 Spaces

    • Ground Level

    • Lighted

    Property

    • Levels: Two

    Lot

    • Lot: 0.57 Acres

    Other Property Information

    • Parcel Number: 1212314500001800010

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Hotel/Motel

  • Utility

    • BB/HS Internet Capable

    • Electricity Available

    • Phone Available

    • Public

    • Water Connected

  • Other financial information

    • Annual tax amount: $29,585

  • Source details

    • MLS ID: FC290302

    Other facts

    • Construction Materials: Stucco

    • Foundation Details: Basement / Block / Crawlspace / Slab

    • Lot Features: Flood Insurance Required / Waterfront

    • Window Features: Double Pane Windows / Drapes / Impact Glass/Storm Windows / Insulated Windows / Low-Emissivity Windows / Tinted Windows

    • Direction Faces: East

    • Waterfront: Yes

    • Water Source: Public

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: GOLDEN MAGNOLIA REALTY CORP