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50 Vilano Road

St. Augustine , Florida 32084

Listing Type:
For Sale
Listing Price:
$3,800,000.00
Property Type:
Hotel and Motel
Property Subtype:
Select Service
Year Built:
1958
Listing Status:
Active
Building Size:
10240 SqFt
Land Area:
0.82 Acres

Description:

The “Magic Beach Motel,” a local icon, is located just a few short steps from the Atlantic Ocean in Vilano Beach. This 24-room motel has been in operation since the ’50s and enjoys the best of all worlds, Ocean, Center Main Street, and all the activities and colors of the local area.
The heavy lifting has been done as the motel has had extensive renovations. The first floor CBS structure has been diligently maintained, and the buildings enjoy virtually zero deferred maintenance. The main roof is less than 6 years old, and most front facing windows are Impact Resistant. Each room is uniquely appointed, all offer WIFI, electronic locks, individual climate control, and onsite parking as well as street parking.
The motel’s footprint allows for future expansion. This opportunity enjoys the Vilano Beach Town Center Zoning (TCMU) which has a mixed-use zoning with a variety of residential and/or commercial uses. Significant advantages include Zero Lot Lines, a 40 foot height limit, off-site stormwater management, underground utilities and Art Deco or Florida Vernacular architecture. The motel is located across from Publix grocery, retail stores and restaurants.
Excellent potential as Owner Operators can reside on-site in the large Owner’s Suite with access to the front desk and eliminate the cost of hiring a motel manager. Live and work in Paradise.
Magic Beach Motel provides an exceptional opportunity for an owner-operator looking for a unique cash-flowing business or an investor looking to grow and curate a Florida-based portfolio. The Magic Beach Motel offers a competitive cap rate based on its 2021 cash flow. Operating metrics are available upon receipt of an executed NDA.
For many generations, Magic Beach is a favorite destination among locals, travelers, and vacationers. Special attention has been devoted during the renovations to maintain its’ Landmark Fame, including the neon lighting and famous Magic Beach Motel sign and the original room murals depicting scenes of Ponce de Leon, St. Augustine, and Flagler College. Magic Beach was part of the set in filming “Safe Harbor” starring Rue McClanahan and Gregory Harrison in the late ‘90s. The sign which features rabbits and a hat in neon came about because the fictional character was a magician. The Art Deco motel features pink flamingos, bright colors, neon lights, and, of course, the Magic Beach Motel sign.
As it is steps from the beach, guests can also relax and breathe in the ocean air by the pool (handicap accessible). Take advantage of the Wi-Fi available throughout the property, go to the beach pavilion, catch the scenic ocean sunrise or fish at the public pier.
Current Room Specifications:
Two (2) - King with Jacuzzi, balcony, and Ocean View
One (1) - Queen (2) with Jacuzzi, private balcony, and Ocean View
One (1) - King with Jacuzzi and Ocean View
Two (2) - Queen and Twin room with handicap bathroom/handicap parking
One (1) - King + Queen mini suite w/ handicap bathroom
Five (5) - Deluxe Suite with separate King and Queen rooms, futon, and dining space
One (1) - Standard Queen room
Ten (10) - Standard King room (5 with murals)
One (1) - King with Jacuzzi
This 24-room motel has been in operation since the ’50s and enjoys the best of all worlds, Ocean, Center Main Street, and all the activities and colors of the local area.
The heavy lifting has been done as the motel has had extensive renovations.
The first floor CBS structure has been diligently maintained, and the buildings enjoy virtually zero deferred maintenance.
The main roof is less than 6 years old, and most front-facing windows are Impact Resistant.
Onsite parking, as well as street parking, are available.
The motel’s footprint allows for future expansion. This opportunity enjoys the Vilano Beach Town Center Zoning (TCMU), which has mixed-use zoning with a variety of residential and/or commercial uses. Significant advantages include Zero Lot Lines, a 40-foot height limit, off-site stormwater management, underground utilities, and Art Deco or Florida Vernacular architecture.
The motel is located across from Publix grocery, retail stores, and restaurants.

Presented by:

Kahle Commercial  Group

a KW Commercial office

(904) 541-0700

Click here to email

Listed by:

St. Augustine

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