50 VILANO Road, St. Augustine, FL 32084 (MLS# 1153610)

Supplements: 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 is offers at a competitive cap rate based on its 2021 cash flow. Operating metrics are available upon receipt of an executed NDA. Magic Beach is a favorite destination among locals, travelers, and vacationers for many generations. Special attention has been devoted during the renovations to maintain its' Landmark Fame including the neon lighting and famous Magic Beach Motel sign as well as the original room murals depicting scenes of Ponce de Leon, St. Augustine, and Flagler College. Magic Beach was part of the set in the filming of "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, dining space One (1) - Standard Queen room Ten (10) - Standard King room (5 with murals) One (1) - King with Jacuzzi