135 Franklin Blvd - Hospitality FOR SALE


Saint George Island, FL 32328
$2,450,000 USD
813-358-3599
135 Franklin Blvd, Saint George Island, FL for Sale
$2,450,000 USD
Hospitality - FOR SALE
1/12
null | 10% Cap Rate

135 Franklin Blvd
Saint George Island, FL 32328


HIGHLIGHTS

  • One of only two hotel properties located on St. George Island, a barrier island consistently ranked among the top beaches in the United States
  • Comprises 20 guest rooms and suites spread across three floors, with multiple two-bedroom, two-bathroom configurations
  • Originally built in 1986 and remodeled in the early 2000s to increase capacity, the inn has operated under the current ownership since 2004
  • Serves a loyal customer base from Florida, Georgia, Alabama, and Tennessee, with a high proportion of repeat guests
  • Potential to increase revenue through enhanced management, digital marketing, and the reintroduction of food & beverage service
  • The hotel is well-maintained, with most guest bathrooms recently renovated, and offers ample parking secured by dedicated easements

OVERVIEW

David Loving of Matthews Real Estate Investment Services is pleased to present the exclusive listing opportunity for the St. George Inn, a rare boutique hotel located on Florida’s coveted St. George Island at 135 Franklin Blvd, St George Island, FL 32328. This 20-room/suite coastal property is one of only two lodging accommodations on the island, which is consistently ranked among the top beaches in the United States. Built in 1985 and substantially renovated in the early 2000s, the St. George Inn presents investors with strong in-place fundamentals, loyal regional clientele, and multiple value-add opportunities including the potential reintroduction of food and beverage service (subject to permitting). The property is ideally located within walking distance of beachfront access, local shops, restaurants, bars, and the island’s central commercial corridor. The guestroom mix includes two-bedroom/two-bathroom suites and kitchen-equipped units, appealing to extended-stay travelers, families, and group bookings. The Inn is consistently booked through major online travel platforms, including its recent launch on Airbnb, where it has earned 5-star reviews. Tourism & Leisure • St. George Island State Park – Over 250,000 annual visitors • Apalachicola National Estuarine Research Reserve – Popular eco-tourism destination • Charter Fishing, Boating & Outdoor Recreation • Island Festivals & Seasonal Events • Miles of Gulf-front White Sand Beaches Nearby Cities • Apalachicola, FL – 15 minutes west (Historic Downtown & Maritime Hub). A touristic destination complementary to the beaches of St. George Island, with many restaurants and shops • Tallahassee, FL – 1 hour 50 minutes northeast (Florida’s Capital) with a regional airport (ECP) • Panama City, FL – 1 hour 45 minutes northwest with a regional airport (ECP) Accessibility & Drive-to Market • Serves strong regional drive-in markets from Florida, Georgia, Alabama, and Tennessee • High repeat business from leisure and seasonal travelers • Accessible via US-98 (East/West), FL-65 (North/South), and FL-300, connecting to I-10 and major highways Broker of Record Kyle Matthews License No. CQ1066435 (FL) (866) 889-0550 Matthews Real Estate Investment Services, Inc 1600 West End, Ste. 1500 Nashville, TN 37203

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$407 USD /SF

# OF ROOMS

20

PRICE/ROOM

$122,500 {currency}

CAP RATE

10%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

St. George Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1986

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

C2

APN/PARCEL ID

29-09S-06W-7310-006E-0190

ASK ABOUT THIS PROPERTY

David LovingMatthews Real Estate Investment ServicesMore Info
813-358-3599

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David LovingMatthews Real Estate Investment ServicesMore Info
813-358-3599

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