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828 RIDGEWOOD AVENUE

Commercial For Sale
$1,199,000

BTC: 14.72159126

ETH: 493.00986842

23 days
0 room(s)
3,800 sqft

Overview

Rare opportunity to acquire the Indian Palm Motel, a well-established 14-unit motel offering an attractive approximately 15% cap rate, strong existing cash flow, and significant upside potential. This is a true income-producing asset where the right owner/operator may be able to increase revenue and profitability through improved management, marketing, pricing, and targeted property enhancements. Situated on approximately 0.56 acres along highly traveled Ridgewood Avenue/US-1 in Holly Hill, the property offers excellent visibility and accessibility, with 14 guest units, on-site office, coin-operated laundry, and 15 dedicated parking spaces. Located approximately 3 miles from Daytona Beach and 5 miles from Daytona International Speedway, the motel benefits from year-round tourism, major events, seasonal travel, local business activity, and the continued growth of the Daytona Beach market. The property has an established operating history and recurring demand, providing an investor with immediate cash flow and multiple opportunities to create additional value. A new owner who brings strong hospitality management and a proactive operating strategy could potentially push NOI and returns well beyond the current performance. Strong yield, established income, prime location, and substantial value-add potential make the Indian Palm Motel an exceptional opportunity for an investor seeking a high-performing hospitality asset with room to grow.

Location

Details

Type:
Commercial Sale
Parking:
No Data
Year Built:
1946
Lot:
0.56 Acres
Heating:
No Data
Price/sqft:
$316
Cooling:
Wall/Window Unit(s)
HOA:
No Data

Highlights

Annual tax
$6,621
2025
All facts and features
  • Cooling

    • Wall/Window Unit(s)

  • Lot

    • Lot: 0.56 Acres

    Other Property Information

    • Parcel Number: 533741010040

    • Zoning: 09B4

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Hotel/Motel

  • Utility

    • Public

  • Other financial information

    • Annual tax amount: $6,621

  • Source details

    • MLS ID: O6443334

    Other facts

    • Construction Materials: Block

    • Foundation Details: Slab

    • Direction Faces: East

    • Living Area: 3800

    • Water Source: Public

    • Lot Size Dimensions: 90 x 272

    • Subdivision Name: TOLL & WILLIAMS LT 01 BLK M & C HOLLY HILL

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: JUPITER PROPERTIES, INC