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Old City House Inn & Restaurant 115 Cordova St 8 Room Bed and Breakfast Saint Augustine, FL 32084 $6,280,290 CAD ($785,036 CAD/Room) 8.12% Cap Rate
Investment Highlights
- In the heart of the Historic District. Liquor license. Owner operator Net $400K- $500K pa.
Executive Summary
Boutique Inn and Restaurant situated in the heart of the Historic district. Mixed use. 50 seat restaurant with a 4COPS liquor License plus 7 inn rooms. Investment or owner-user model. B&B rooms all have separate entrances to deck areas outside. 2022 business profit $200k. Gross Revenues pa $1.8-$2million with 30% from rooms and 70% from restaurant. That is rooms $600k and Restaurant $1.4 million pa. Taxes $21k pa.Lease just vacated. ready to resume operations immediately with new owner-user or tenant. B7B rooms in historic downtown are valued at $237-$265 per room. B&B Cap rate is averaged at 8.12%.added value at a different rate should be added for the 50 inside seat restaurant, 70 outside seat and the liquor license. 10 paved parking spots alongside the building are leased from the Casa Monica next door for $250 per space per month.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Amenities
- Restaurant
- On-Site Bar
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 8 | $326.58 CAD | - |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 199320-0000 | Total Assessment | $1,490,430 CAD (2026) |
| Land Assessment | $0 CAD (2026) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $0 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
199320-0000
Land Assessment
$0 CAD (2026)
Improvements Assessment
$0 CAD (2026)
Total Assessment
$1,490,430 CAD (2026)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Old City House Inn & Restaurant | 115 Cordova St
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