Commercial Office to Airbnb/STR Conversion Project

[Ian Brown]

Investment Info:

Small multi-family (2-4 units) commercial investment investment in Atlantic Beach.

Purchase price: $657,000
Cash invested: $350,000
Sale price: $1,595,000

Unique Adaptive Reuse Project - Office to 4 Unit STR/Airbnb

This was purchased with existing office tenants in place and renovations are ongoing. Property was converted from office to STR/Airbnb and sold fully-furnished as a legal/functional vacation rental/STR in summer of 2023.