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828 RIDGEWOOD AVENUE

Comercial En Venta
$1,199,000

BTC: 14.73697148

ETH: 493.00986842

24 días
0 room(s)
3,800 sqft

Visión general

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.

Ubicación

Detalles

Tipo:
Commercial Sale
Estacionamiento:
Sin datos
Año de construcción:
1946
Lote:
0.56 Hectáreas
Calefacción:
Sin datos
precio por sq. medidor:
$316
Enfriamiento:
Wall/Window Unit(s)
HOA:
Sin datos

Destacados

Annual tax
$6,621
2025
Más hechos y características
  • Enfriamiento

    • Wall/Window Unit(s)

  • Lote

    • Lote: 0.56 Hectáreas

    Otra Información de Propiedad

    • Número de Parcela: 533741010040

    • Zonificación: 09B4

  • Tipo y estilo

    • Tipo de propiedad: Commercial Sale

    • Subtipo de propiedad: Hotel/Motel

  • Utilidad

    • Public

  • Otra información financiera

    • Importe anual de impuestos: $6,621

  • Detalles de la fuente

    • MLS ID: O6443334

    Otros hechos

    • Materiales de construcción: Block

    • Detalles de la fundación: Slab

    • Caras de dirección: East

    • Salón: 3800

    • Fuente de agua: Public

    • Tamaño de la parcela: 90 x 272

    • Nombre de subdivisión: 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