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The Osprey Building 701 N Ocean Shore Blvd 2,736 SF 100% Leased Office Building Flagler Beach, FL 32136 $2,498,697 CAD ($913.27 CAD/SF) 7.23% Cap Rate
INVESTMENT HIGHLIGHTS
- Corner lot, direct A1A exposure, great rental income with 4 stream separate tenants, completely remodeled and up to current code.
EXECUTIVE SUMMARY
Discover a one-of-a-kind general commercial property in the heart of Flagler Beach with 6 possible streams of income, featuring spectacular ocean views! Currently two successful Airbnb units are located on the top floor, a 3 bedroom/2 bath unit and a Studio apartment. Also downstairs there is currently two different longterm tenants including a real estate office and a coffee shop. The Perch Oceanfront Airbnb Retreat: Immerse yourself in stunning ocean views from your private deck, ideal for enjoying peaceful sunrises and the soothing sound of waves. This spacious getaway includes a queen bed in the master and front bedrooms, along with a custom-built bunk bed in the third room. The Nest Charming Studio Apartment: This inviting studio retreat allows you to unwind on the comfortable queen bed or utilize the pullout couch for extra guests. Relax on the deck while taking in breathtaking sunset views, and enjoy morning strolls to watch the sunrise over the ocean. Just footsteps away from Flagler Beach’s finest dining and shopping options, this property ensures endless entertainment.
Coffee - Oceanfront coffee shop with triple net lease that conveys.
Office - Four-unit office with onsite property management
Additional income potential - Golf cart rentals, and an additional food service building.
Coffee - Oceanfront coffee shop with triple net lease that conveys.
Office - Four-unit office with onsite property management
Additional income potential - Golf cart rentals, and an additional food service building.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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 | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Building Size
2,736 SF
Building Class
B
Year Built
1995
Price
$2,498,697 CAD
Price Per SF
$913.27 CAD
Cap Rate
7.23%
NOI
$180,562 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,368 SF
Building FAR
0.70
Lot Size
0.09 AC
Zoning
GC - General Commercial
Parking
10 Spaces (3.65 Spaces per 1,000 SF Leased)
AMENITIES
- Wi-Fi
- Air Conditioning
- Balcony
PROPERTY TAXES
| Parcel Number | 01-12-31-1100-00070-0080 | Total Assessment | $577,064 CAD (2024) |
| Land Assessment | $362,161 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $214,902 CAD (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
01-12-31-1100-00070-0080
Land Assessment
$362,161 CAD (2024)
Improvements Assessment
$214,902 CAD (2024)
Total Assessment
$577,064 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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FLORIDA BEACHES REAL ESTATE COMPANY
The Osprey Building | 701 N Ocean Shore Blvd
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