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The Addison on Amelia Island 614 Ash St 14 Room Bed and Breakfast Fernandina Beach, FL 32034 $4,481,522 CAD ($320,109 CAD/Room) 10.29% Cap Rate
EXECUTIVE SUMMARY
A quality B&B. Highest Trip Advisor ratings. The three buildings of this complex are in outstanding physical condition. Location is in a popular resort island destination. Within walking distance of an Historical Beach Town. Very accessible location... 30 minutes from a major airport... 20 minutes from a major interstate. Very good cash flow. Projected 2025 cash flow stated above.
PROPERTY FACTS
| Price | $4,481,522 CAD | Lot Size | 0.26 AC |
| Price Per Room | $320,109 CAD | Building Size | 8,146 SF |
| Sale Type | Investment | No. Rooms | 14 |
| Cap Rate | 10.29% | No. Stories | 2 |
| Sale Condition | Business Value Included | Year Built/Renovated | 1876/2000 |
| Property Type | Hospitality | Parking Ratio | 0.49/1,000 SF |
| Property Subtype | Bed and Breakfast | Corridor | Exterior |
| Building Class | B | ||
| Zoning | C-3 - Regional Commercial Zone | ||
| Price | $4,481,522 CAD |
| Price Per Room | $320,109 CAD |
| Sale Type | Investment |
| Cap Rate | 10.29% |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Bed and Breakfast |
| Building Class | B |
| Lot Size | 0.26 AC |
| Building Size | 8,146 SF |
| No. Rooms | 14 |
| No. Stories | 2 |
| Year Built/Renovated | 1876/2000 |
| Parking Ratio | 0.49/1,000 SF |
| Corridor | Exterior |
| Zoning | C-3 - Regional Commercial Zone |
AMENITIES
- Balcony
- High Speed Internet Access
- Patio
- Destination Resort
- Bed & Breakfast
- Public Access Wifi
- Smoke-Free
ABOUT 614 ASH ST , FERNANDINA BEACH, FL 32034
The B&B comprises of three buildings and 14 rooms surrounding a beautiful courtyard. The courtyard is highlighted by a magnificent water fountain. A comfortable sitting parlor, retail gift shop, 14 seat dining room and 10 seat outdoor veranda makes this an inviting beach retreat. A very high repeat customer base. Within walking distance to marinas, shops, restaurants and attractions.
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 14 | $605.35 CAD | - |
1 1
Walk Score®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | 00-00-31-1800-0038-0080 | Improvements Assessment | $2,439,394 CAD |
| Land Assessment | $609,848 CAD | Total Assessment | $3,049,243 CAD |
PROPERTY TAXES
Parcel Number
00-00-31-1800-0038-0080
Land Assessment
$609,848 CAD
Improvements Assessment
$2,439,394 CAD
Total Assessment
$3,049,243 CAD
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The Addison on Amelia Island | 614 Ash St
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