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

50 VILANO Road, St. Augustine, FL 32084

$3,850,001
Property Type: Commercial Sale Square Footage: 15,292 Lot Size (sq. ft.): 35,719 Status: Closed
Current Price: $3,850,001 List Date: 2/12/2022 Last Modified: 2/13/2025

Overview

Description

The ''Magic Beach Motel'', a local icon, is located just a few short steps from the Atlantic Ocean in Vilano Beach. This 24-room motel has been in operation since the 50's and enjoys the best of all worlds, Ocean, Center Main Street, and all the activities and colors of the local area. The heavy lifting has been done as the motel has had extensive renovations. The first floor CBS structure has been diligently maintained and the buildings enjoy virtually zero deferred maintenance. The main roof is less than 6 years old, and most front facing windows are Impact Resistant. Each room is uniquely appointed, all offer WIFI, electronic locks, individual climate control, and onsite parking as well as street parking.

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 V ...

Listing Details MLS# 1153610

General Property Information

Number Of Units Total
24
Building Area Total
15292
Building Area Source
Public Records
Year Built
1958
Lot Size Acres
0.82
Water Body Access YN
No
Waterfront YN
No
Stories Total
2
Directions
East on May Street – Over the Vilano Causeway (Francis & Maria Usina Bridge), Right onto Coastal Highway, Left onto Vilano Road, entrance to the property is located 90 feet on the left.
Public Remarks
The ''Magic Beach Motel'', a local icon, is located just a few short steps from the Atlantic Ocean in Vilano Beach. This 24-room motel has been in operation since the 50's and enjoys the best of all worlds, Ocean, Center Main Street, and all the activities and colors of the local area. The heavy lifting has been done as the motel has had extensive renovations. The first floor CBS structure has been diligently maintained and the buildings enjoy virtually zero deferred maintenance. The main roof is less than 6 years old, and most front facing windows are Impact Resistant. Each room is uniquely appointed, all offer WIFI, electronic locks, individual climate control, and onsite parking as well as street parking.
List Price/SqFt
248.5
Sold Price/SqFt
251.77

Property Features

Building Features: Laundry; Pool Construction Materials: Concrete; Frame; Stucco Cooling: Wall Unit(s); Window Unit(s) Current Use: Commercial; Hotel/Motel Flooring: Concrete Heating: Electric Listing Terms: Cash; Conventional Parking Features: On Street; Parking Lot Roof: Shingle Sewer: Public Sewer Utilities: Propane Water Source: Public

Contract Information

Listing Contract Date
2022-02-12
Property Sub Type
Mixed Use

Location Tax and Legal

Street Number
50
Street Name
VILANO
Street Suffix
Road
County
St. Johns
State
FL
Postal Code
32084
MLS Area Major
266-Vilano Beach

Status Change Information

Major Change Timestamp
2022-05-20T18:59:00Z
Major Change Type
Status Change
Purchase Contract Date
2022-04-19
Close Date
2022-05-09
Close Price
3850001

Historical Information

Public Historical Remarks 1
Road Surface: Asphalt Road, Possible Financing-1031 Exchange: Y, Lot Location-Free Standing: Y, Approx. Total SqFt: 10240.00, Number of Units: 21 - 50 Units
Public Historical Remarks 2
Signage Available: Y, Number of Buildings: 2 Buildings, Ceiling Height: 8' - 10' Ceilings
Public Historical Remarks 3
Current Zoning: Motel

More Information

Location, Tax, and Legal

Parcel Number
1482900400

Construction Materials

Concrete
Yes
Frame
Yes
Stucco
Yes

Cooling

Wall Unit(s)
Yes
Window Unit(s)
Yes

Current Use

Commercial
Yes
Hotel/Motel
Yes

Flooring

Concrete
Yes

Heating

Electric
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Parking Features

On Street
Yes
Parking Lot
Yes

Roof

Shingle
Yes

Sewer

Public Sewer
Yes

Utilities

Propane
Yes

Water Source

Public
Yes

Building Features

Laundry
Yes
Pool
Yes
Listing Office: KELLER WILLIAMS REALTY ATLANTIC PARTNERS ST. AUGUSTINE
Source MLS Verified
Last Updated: February - 13 - 2025
Information deemed reliable but not guaranteed.