Southern Wind Inn

St Augustine, Florida
www.southernwindinn.com
Add to Favorites
Property Type
Bed & Breakfast / Inn
Guest Rooms
10
Baths
12
Restaurant
No
Owners Quarters
Yes
Asking Price
$1,979,000

Occupancy Rate
73%
Average Daily Rate
$153
Gross Revenue
$460,000
Gross Revenue Multiplier
4.30

Property Overview

The Southern Wind Inn is a Victorian style structure built in 1907 by Henry Flagler’s personal Doctor. It is in the heart of St. Augustine’s famed Historic District conveniently located within 300 yards of the St. Augustine Visitor Center and parking garage. The Inn’s location puts it first in line for city visitors just coming into town and looking for a place to stay for a night or longer. The Inn is just steps away from the trolleys, the Historic District’s great restaurants, art galleries, museums, and the Shoppes of St. Augustine’s famous St. George Street.


Property Description

The Inn (located just 3 blocks off of the Bayfront) has 10 guest rooms appointed with period furnishings and antiques. All rooms have private baths (2 with Jacuzzi tubs), central A/C and heat (air handling units less than 2 yrs. old), HD TVs with cable/HBO. The property also has parking for 11 vehicles. The Inn has a newly renovated kitchen, a sound roof with new gutters, a new rear deck, and numerous other recent improvements.


Business Description

The property consistently delivers high annual revenue and a tremendous occupancy rate. There's opportunity for more income with rate increases and more use of the property as a small wedding venue. Financial data is based on 2018 numbers.


Reason for Selling

Owners are retiring.


Terms & Asking Price

New financing. NOTE: Detailed financial info will be disclosed upon receipt of a signed NDA.