115 Cordova St - Hospitality FOR SALE


Saint Augustine, FL 32084- Downtown St Augustine
$4,500,000 USD
904-315-8582
115 Cordova St, Saint Augustine, FL for Sale
$4,500,000 USD
Hospitality - FOR SALE
1/19
null | 8.12% Cap Rate

115 Cordova St
Saint Augustine, FL 32084
Downtown St Augustine


HIGHLIGHTS

  • In the heart of the Historic District. Liquor license. Owner operator Net $400K- $500K pa.

OVERVIEW

Boutique Inn and Restaurant situated in the heart of the Historic district. Mixed use. 50 seat restaurant with a 4COPS liquor License plus 7 inn rooms. Investment or owner-user model. B&B rooms all have separate entrances to deck areas outside. 2022 business profit $200k. Gross Revenues pa $1.8-$2million with 30% from rooms and 70% from restaurant. That is rooms $600k and Restaurant $1.4 million pa. Taxes $21k pa.Lease just vacated. ready to resume operations immediately with new owner-user or tenant. B7B rooms in historic downtown are valued at $237-$265 per room. B&B Cap rate is averaged at 8.12%.added value at a different rate should be added for the 50 inside seat restaurant, 70 outside seat and the liquor license. 10 paved parking spots alongside the building are leased from the Casa Monica next door for $250 per space per month.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$536 USD /SF

# OF ROOMS

8

PRICE/ROOM

$562,500 {currency}

CAP RATE

8.12%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Old City House Inn & Restaurant

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

Hotel

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1887

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

C

APN/PARCEL ID

199320-0000

ASK ABOUT THIS PROPERTY

Ilse PhilcoxTatlers IncMore Info
904-315-8582

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Ilse PhilcoxTatlers IncMore Info
904-315-8582

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