2525 County Road 208 - Hospitality FOR SALE


Saint Augustine, FL 32092- Greater St Augustine
$10,000,000 USD
813-767-9953
2525 County Road 208, Saint Augustine, FL for Sale
$10,000,000 USD
Hospitality - FOR SALE
1/24
null | 9.83% Cap Rate

2525 County Road 208
Saint Augustine, FL 32092
Greater St Augustine


HIGHLIGHTS

  • 67-Rooms / 4 Stories / Interior Corridor
  • Fully Renovated 2018-2019
  • Located in a High Growth Market
  • 0.6 Miles to St. Augustine Premium Outlets | 1.3 Miles to St. Augustine Aquarium | 4.9 Miles to St. George Street
  • YE 2024 Room Revenue / RRM: $2,478,175 / 4.04x
  • YE 2024 NOI / Cap Rate: $983,250 / 9.83%

OVERVIEW

OFFERING OVERVIEW: DSH Hotel Advisors has been retained as the exclusive broker to market for sale the Hampton Inn St. Augustine - I-95, a Hilton Hotel, located in St. Augustine, Florida. The 67-room interior corridor hotel is located directly off of Interstate-95 with high visibility in a high tourist area. The prime location near I-95 positions the hotel adjacent to the high-traffic St. Augustine Premium Outlets, and just minutes from St. Augustine’s main attractions, such as St. George Street, Castillo de San Marcos, along with the lively downtown area. PROPERTY OVERVIEW: The property was built in 1998 and remains in good condition due to an ongoing capital improvement plan. The property underwent a full renovation in 2018/2019, including a completely updated exterior. Current ownership estimates that the change of ownership PIP would be approximately $500,000+/-; however, that is only an estimate and would need to be verified by Hilton Hotels via an issued change of ownership PIP. MARKET OVERVIEW: The property located in St. Augustine, Florida, is situated near multiple diverse demand generators and in a high growth market and strong tourist traffic annually. Guest types may include leisure and business travelers, travelers on I-95, history buffs, family vacationers, healthcare professionals, travel nurses, construction workers, snowbirds, Flagler College students and their families, Daytona 500 race fans as well as group business which can include sports teams, family reunions, wedding parties and more. This offering presents a unique opportunity for an investor to acquire a reputable boutique hotel in the highly desirable St. Augustine market. ST. AUGUSTINE: St. Augustine, the county seat of St. Johns County, is situated 40 miles south of downtown Jacksonville and is part of the Jacksonville Metropolitan Statistical Area. Founded in 1565 by Spanish explorer Pedro Menéndez de Avilés, it holds the distinction of being the oldest continuously inhabited European-established settlement in the continental United States. This historic city attracts over 6 million visitors annually, drawn to its rich cultural heritage and well-preserved architecture. Key attractions include the Castillo de San Marcos, a 17th-century Spanish fort; the Fountain of Youth Archaeological Park; and the scenic St. George Street, known for its colonial-era buildings and vibrant atmosphere. The St. Augustine Lighthouse & Maritime Museum offers breathtaking views and engaging exhibits. The city also features beautiful beaches, charming bed-and-breakfasts, and a variety of shops and restaurants. Major employers in St. Augustine include Flagler College, the Florida School for the Deaf and the Blind, and the St. Johns County School District, all of which play a significant role in the local economy. St. Augustine remains a beloved destination for history enthusiasts and tourists alike, offering a unique blend of historic charm and modern amenities. Property Highlights: • Hampton Inn by Hilton St. Augustine - I-95 • 67-Rooms / 4 Stories / Interior Corridor • Fully Renovated 2018-2019 • 1998 Concrete Construction (per property appraiser report) • Located in a High Growth Market • Upward Trend in Revenue • Amenities Include: Outdoor Pool, Connecting Rooms, Digital Key, Complimentary Breakfast Location Highlights: • 0.6 Miles to St. Augustine Premium Outlets • 1.3 Miles to St. Augustine Aquarium • 4.9 Miles to St. George Street • 6.8 Miles to Old Jail Museum • 7.1 Miles to Fountain of Youth Archaeological Park • 7.6 Miles to Flagler College • 7.8 Miles to Castillo de San Marco National Monument • 7.8 Miles to Lightner Museum • 8.9 Miles to Northeast Florida Regional Airport • 9.9 Miles to St. Augustine Lighthouse and Maritime Museum Financial Highlights: • List Price of $10,000,000 • YE 2024 Room Revenue / RRM: $2,478,175 / 4.04x • YE 2024 NOI / Cap Rate: $983,250 / 9.83% • YE 2023 Room Revenue /RRM: $2,538,998 / 3.94x • YE 2023 NOI / Cap Rate: $1,162,270 / 11.62%

FOR SALE DETAILS

PRICE

$10,000,000 USD

PRICE/SF

$276 USD /SF

# OF ROOMS

67

PRICE/ROOM

$149,254 {currency}

CAP RATE

9.83%

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hampton by Hilton Inn St Augustine - I-95

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1999

PARKING SPACES

55

LAND DETAILS

LAND ACRES

1.51 AC

LAND SF

65,776 SF

ZONING

CHT

APN/PARCEL ID

087440-0040

ASK ABOUT THIS PROPERTY

Dennis Hopper CCIMDSH Hotel AdvisorsMore Info
813-767-9953

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Dennis Hopper CCIMDSH Hotel AdvisorsMore Info
813-767-9953

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