CBC - Offering Memorandum (P)€¦ · experience and our warm hospitality and friendly, homelike atmosphere will make River Park Inn your “Home Away from Home”. PROPERTY HIGHLIGHTS

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RIVER PARK INNBED &BREAKFAST$749,000

103 S Magnolia Ave.Green Cove Springs, FL 32043

AVAILABLE SPACE3,628 SF

FEATURES• Top-rated on TripAdvisor

• Serves the Greater St. Augustine & Jacksonville Area

• 5 Guest Rooms plus owners quarters

• Turn Key

PRIME LOCATION IN THE HEART OF GREEN COVE SPRINGSLocated opposite Spring Park in Green Cove Springs, FL, this 5 bedroom allen-suite Inn is perfectly located to enjoy the area. Come by boat and dockopposite at Spring Park. Owners quarters are on the 3rd floor. OFFICE

Rich O'[email protected]

©2019 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Premier Properties. All rights reserved.Coldwell Banker Commercial® and the Coldwell Banker Commercial logo are registered service marks owned byColdwell Banker Real Estate LLC. Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates fullysupports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently ownedand operated. The information provided is deemed reliable, but it is not guaranteed to be accurate or complete,and it should not be relied upon as such. This information should be independently verified before any personenters into a transaction based upon it.

COLDWELL BANKER COMMERCIALPREMIER PROPERTIES1750 Tree Blvd., Suite 7, Saint Augustine, FL 32084904.827.1717

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103 S Magnolia Ave., Green Cove Springs, FL 32043

RIVER PARK INN BED & BREAKFAST

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CONFIDENTIALITY AGREEMENT

This offering has been prepared solely for informational purposes. It is designed to assist a potentialinvestor in determining whether it wishes to proceed with an in-depth investigation of the subjectproperty. While the information contained herein is from sources deemed reliable, it has not beenindependently verified by the Coldwell Banker Commercial affiliate or by the Seller.

The projections and pro forma budget contained herein represent best estimates on assumptionsconsidered reasonable under the circumstances. No representations or warranties, expressed orimplied, are made that actual results will conform to such projections.

This document is provided subject to errors, omissions and changes in the information and is subjectto modification or withdrawal. The contents herein are confidential and are not to be reproducedwithout the express written consent.

Interested buyers should be aware that the Seller is selling the Property “AS IS” CONDITION WITH ALLFAULTS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE. Prior to and/orafter contracting to purchase, as appropriate, buyer will be given a reasonable opportunity to inspectand investigate the Property and all improvements thereon, either independently or through agents ofthe buyer’s choosing.

The Seller reserves the right to withdraw the Property being marketed at any time without notice, toreject all offers, and to accept any offer without regard to the relative price and terms of any other offer.Any offer to buy must be: (i) presented in the form of a non-binding letter of intent; (ii) incorporated ina formal written contract of purchase and sale to be prepared by the Seller and executed by bothparties; and (iii) approved by Seller and such other parties who may have an interest in the Property.Neither the prospective buyer nor Seller shall be bound until execution of the contract of purchase andsale, which contract shall supersede prior discussions and writings and shall constitute the soleagreement of the parties.

Prospective buyers shall be responsible for their costs and expenses of investigating the Property andall other expenses, professional or otherwise, incurred by them.

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OFFERING SUMMARY

Sale Price: $749,000

Lot Size: 0.17 Acres

Year Built: 1900

Building Size: 3,628 SF

Zoning: Hotels

Market: Green Cove Springs

Submarket: Jacksonville

Price / SF: $206.45

PROPERTY OVERVIEW

The highly-rated River Park Inn Bed & Breakfast is an elegant, historic hotelalternative that serves the Greater Jacksonville area in North East Florida. RiverPark Inn is near the St. Johns River just a short walk from the Green Cove SpringsCity Pier. The location in Green Cove Springs is convenient to St Augustine andJacksonville, Florida as well as Orange Park, Palatka, Penney Farms, Lake Asburyand Fleming Island. Guest find a less complicated, more genuine lodgingexperience and our warm hospitality and friendly, homelike atmosphere willmake River Park Inn your “Home Away from Home”.

PROPERTY HIGHLIGHTS

• Top-rated on TripAdvisor

• Serves the Greater Jacksonville Area

• Five Rooms plus Owners quarters

• Great location near park & river

• Turn Key

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PROPERTY DESCRIPTION

The highly-rated River Park Inn Bed & Breakfast is an elegant,historic hotel alternative that serves the Greater Jacksonville areain North East Florida. River Park Inn is near the St. Johns River justa short walk from the Green Cove Springs City Pier. The location inGreen Cove Springs is convenient to St Augustine andJacksonville, Florida as well as Orange Park, Palatka, PenneyFarms, Lake Asbury and Fleming Island. Guest find a lesscomplicated, more genuine lodging experience and our warmhospitality and friendly, homelike atmosphere will make River ParkInn your “Home Away from Home”.

LOCATION DESCRIPTION

Located opposite Spring Park in Green Cove Springs, FL, this 5bedroom all en-suite Inn is perfectly located to enjoy the area.Come by boat and dock opposite at Spring Park. Owners quartersare located on the 3rd floor.

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LOCATION INFORMATION

Building Name River Park Inn Bed & Breakfast

Street Address 103 S Magnolia Ave.

City, State, Zip Green Cove Springs, FL 32043

County Clay

Market Green Cove Springs

Sub-market Jacksonville

Cross-Streets Spring St.

Signal Intersection No

BUILDING INFORMATION

Tenancy Single

Number Of Floors 3

Year Built 1900

Free Standing Yes

PROPERTY HIGHLIGHTS

• Top-rated on TripAdvisor

• Serves the Greater Jacksonville Area

• 5 guest Rooms

• Turn Key

• Owners retiring creating this opportunity

• Owners living quarters on 3rd floor or rent as guest suite.

• Views of park and river.

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Nearby Spring Park

Nearby Spring Park Swimming Pool Spring Park with Views of the St. Johns River

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Green Cove Springs, FL

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POPULATION 1 MILE 3 MILES 5 MILES

Total population 3,216 7,923 15,035

Median age 36.5 38.8 40.2

Median age (Male) 35.0 36.7 38.3

Median age (Female) 37.3 39.9 41.2

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total households 1,091 2,811 5,468

# of persons per HH 2.9 2.8 2.7

Average HH income $47,119 $56,205 $72,352

Average house value $213,771 $292,663 $291,718

* Demographic data derived from 2010 US Census

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FL #SL609474

RICH O'BRIEN

Sr. Sales Associate

[email protected]: 904.814.2080 | Cell: 904.814.2080

PROFESSIONAL BACKGROUND

Follow-up with customers is Rich's number one goal. Receiving timely information and updates as well as resource information is howhe serves customers. Rich has many years of experience that will provide you with helpful data to assist you in making an informeddecision whether your are buying or selling.

Rich has an extensive background in hospitality with ownership/operation of hotel and Bed & Breakfast properties in the midwest andFlorida; purchasing an Inn in St. Augustine Beach in 2001. Rich & his wife purchased Beachfront Bed & Breakfast in 2005 also located inSt. Augustine Beach so he is knowledgeable in the industry and related commercial real estate sales. He joined ColdwellBanker-Premier Properties, Commercial division in 2016 because of the professionalism and teamwork at the brokerage and have theleadership of a CCIM, Bob Buckmaster as our Broker. The brokerage was awarded the Coldwell Banker Commercial designation in2017; an acknowledgement by Coldwell Banker Commercial of the expertise and dedication this team possesses to serve theircustomers.

Married to his wife Lauren, the couple met in St. Augustine Beach where they currently reside for the past 17 years along with their 3puppies.

Involvement in his community is important to Rich where he has served on St. Augustine Beach Comprehensive Planning & ZoningBoard, Tourist Development Council, Convention & Visitors bureau as well as the City Commission where he completed his 3rd term asMayor and after serving as City Commissioner for 12 years Rich has ended his time on the Commission in March 2019 .

EDUCATION

B.S. in marketing from Ball State University, Muncie, Indiana.

Certified Hotel Administrator (CHA). Highest designation in Hotel Industry.

MEMBERSHIPS

St. Johns County Board of RealtorsSt. Johns County Chamber of CommerceSt. Johns County Visitors & Convention BureauSt. Johns Attractions AssociationSt Johns County Tourist Development CouncilSt. Augustine Beach City CommissionICSC: International Council of Shopping Centers

PREMIER PROPERTIES1750 Tree Blvd. Suite 7

Saint Augustine, FL 32084904.827.1717

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Documents

CBC - Offering Memorandum (P)€¦ · experience and our warm hospitality and friendly, homelike atmosphere will make River Park Inn your “Home Away from Home”. PROPERTY HIGHLIGHTS