386-627-3182Call
Across from the Compass Hotel, two blocks from the Flagler Beach Pier

For sale · Downtown Flagler Beach

$1,400,000

Four units, one block from the beach, across from the new Compass Hotel. Zoned for short-term rentals, long-term rentals and commercial tenants. MLS# FC321313.

  • UnitsFour, about 660 sq ft each
  • LotDouble lot, corner, 0.21 acre
  • ZoningGeneral Commercial (mixed use)
  • IncomeUpstairs two leased; ground floor vacant
  • RenovatedAll four units in the last five years, new roof
  • ParkingFive spaces plus street parking
  • OutsideFenced yard, paver patio, fire pit
  • Flood zoneX
Call David: 386-627-3612 Text to see it

Shown by appointment. Listed by David Stanley Petkovsek, Realty Exchange.

Four income streams on the last kind of downtown lot

This fully renovated four-unit building sits on a rare double lot in the heart of downtown Flagler Beach. It is zoned General Commercial, which allows short-term rentals, long-term rentals and commercial tenants. In a city where new short-term rental registrations are limited, that is very hard to reproduce.

The two upstairs units are leased on annual leases, so the income starts on day one. Both ground-floor units come vacant so you set the rents: one is a finished apartment, the other a turnkey storefront with a full ADA bathroom, a handicap parking space and a ramp. The city has approved a second building on the lot.

Live in one and let the other three pay for it, add a short-term rental, or lease the storefront and build on the back lot.

Photos

The building from the corner, five parking spaces The fenced backyard and the building Renovated kitchen and living room Paver patio and fire pit The double lot from above Living room Kitchen Bathroom Bedroom with sliding doors to the yard Ground-floor entrance Downtown Flagler Beach to the ocean Looking west to the bridge Corner lot and side street Front of the building Floor plan of a unit

The numbers

Upstairs: $1,550 a month (leased to 7/31/2027) and $1,600 a month (leased to 6/30/2027). Ground floor: vacant, about $1,800 a month each at market. With all four rented: about $81,000 a year gross and $67,139 net, by the owner's figures. Taxes $7,880 (2025). Four electric meters. Cash or conventional.

Two blocks from the sand, steps from downtown's shops and restaurants, and next to the rebuilt Flagler Beach Pier.

Listed by David Stanley Petkovsek, Realty Exchange, 386-627-3612. One of the owners is a licensed real estate broker. MLS# FC321313. The two ground-floor units can also be leased: see them here.