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$ 13,650,000
Est. payment /mo
Active
Address not disclosed St Augustine, FL 32084
31 Baths
UPDATED:
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260611
Full Baths 31
HOA Y/N No
Property Sub-Type Hotel/Motel
Property Description
Confidential Hospitality Portfolio Offering, 8 CAP 3 Beautifully Renovated Historic Boutique Inns 31 rooms + Commercial Parking Lot St. Augustine, Florida | Premier Tourist Destination ***Address and city showing in listing do not reflect the actual location on the properties*** Coldwell Banker Commercial is pleased to present an exclusive and confidential opportunity to acquire a portfolio of three beautifully renovated historic boutique inns, complemented by a dedicated parking lot, in the highly visited and sought-after St. Augustine, Florida tourist area. These exceptional hospitality assets have been thoughtfully restored and upgraded, offering guests a distinctive blend of historic charm and modern comfort. Each inn features high-quality renovations, strong curb appeal, and a proven operating history, making this an ideal acquisition for hospitality investors, portfolio buyers, or owner-operators seeking stable income and long-term appreciation. The portfolio can operate as a true turnkey investment, with an experienced general manager and established on-site management staff already in place. Day-to-day operations are handled entirely by the professional management team, allowing for seamless continuity and immediate cash flow for an absentee owner. The portfolio delivers a strong Net Operating Income with an attractive 8.0% capitalization rate, reflecting both the quality of real estate and the strength of the local tourism market. The properties benefit from consistent occupancy, favorable guest reviews, and ongoing demand driven by the area's year-round leisure, heritage, and destination travel. Current management has been increasingly focused on expanding event-driven revenue, including weddings and private events, an area that presents opportunities for further revenue growth. To maintain seller confidentiality, specific property details and the exact location will be provided only to qualified, vetted buyers upon execution of a confidentiality agreement (NDA). Investment Highlights: • Portfolio of three renovated historic boutique inns (31 rooms) • Dedicated commercial parking lot included • Located in the popular St. Augustine, Florida tourist area • Turnkey operation with general manager and staff in place • Strong, stabilized NOI; 8.0% cap rate • Historic charm with modern upgrades • Excellent guest appeal and repeat business • Ideal for hospitality investors, portfolio buyers, or owner-operators • Confidential offering — NDA required For additional information and to receive the confidential offering memorandum, please contact agent. Information provided upon execution of NDA and buyer qualification.
Location
State FL
County St. Johns
Area 07
Exterior
Water Access Desc No
Building
Story 2
Level or Stories 2
Listed by Coldwell Banker Premier Properties (A1A Beach)