30A Hotel for Sale
Posted by Destin Real Estate Sales on Thursday, April 9th, 2015 at 8:48am.
A commercial real estate development that already includes a pre-existing hotel, a banquet hall and an office building has just been listed for sale. It is located at Topsail Village with an outstanding location on Scenic 30A, just one mile southeast of the intersection with the Emerald Coast Parkway. This desirable 30A location places the property only two miles east of Grand Boulevard in Sandestin and less than a mile from two public beach access points. It includes ownership of an existing fifteen unit boutique hotel known as 30-A Suites, a thriving wedding rental venue called Celebration Hall and a two story office building on site. It also includes ownership to approximately three acres with preapproved development rights for an additional hotel, a restaurant and meeting hall expansion.
The existing 30A Suites Boutique Hotel is three stories tall and has fifteen beautifully furnished rooms in an ongoing business that was started just a few years ago. It receives top 4.5 Star Ratings among visiting guests on TripAdvisor with such comments as “simply amazing”, “great beach get away” and “awesomely beautiful and comfortable.” The hotel has its own website and on-going bookings for reservations. The Celebration Hall is a 3,800 square foot building that resembles a tall white European styled manor or church that can hold up to 300 people. This serves as a popular 30A wedding venue with the stately hall usually serving as a chapel and the adjacent lushly landscaped lawn providing space for receptions. This portion of the business operation also has its own website, existing reservations for future weddings and a list of business connections with ability to provide catering services, beverages, tents, dance floors and decorations. The operation of the Celebration Hall and 30A Suites dovetails nicely to provide a popular place for accommodating both wedding events and overnight guests. The two story office building offers 2,600 square feet of total space and may be used as a point for owner operations or extra rentals. Note that a swimming pool is currently under construction for the use of rental guests and will be included in the purchase of the property.
Besides these pre-existing buildings and businesses this sale also includes complete rights to a development order that was just approved by Walton County Planning Department on February 24, 2015. This development order approves expansion on the property’s approximate three acre site for construction of a hotel with sixty additional units, a restaurant with up to 5,220 square feet and an additional 1,295 Meeting Space. Completed and approved engineering plans allow the development to connect to existing sewer, water and gas lines. Traffic and Parking plans have also been approved and are 70% complete. Since this development process has already been completed and site engineering plans approved there are no additional public meetings required. This project has a green light to proceed with the permit filing of proper architectural working drawings when completed.
The owner/sellers can provide complete information and all documents upon appointment. Total price is $12,000,000. For more information or to schedule a showing of this 30A Hotel for Sale call one of our South Walton real estate sales agents at 877.392.6085.