1245 Ridgewood Ave - Hospitality FOR SALE


Daytona Beach, FL 32117- Greater Daytona
$1,400,000 USD
386-566-6031
1245 Ridgewood Ave, Daytona Beach, FL for Sale
$1,400,000 USD
Hospitality - FOR SALE
1/2
null | 12.72% Cap Rate

1245 Ridgewood Ave
Daytona Beach, FL 32117
Greater Daytona


HIGHLIGHTS

  • Great potential income property
  • shortterm or long term rentals

OVERVIEW

Unique Investment Opportunity in Holly Hill, FL Discover a versatile investment property featuring nine sturdy concrete block structures offering a total of 14 rentable units. Currently operated as a motel, this property presents significant potential for expansion, redevelopment, or continued hospitality use. Property Highlights: Nine concrete block buildings 14 rentable units Off-street parking for guests and tenants Prime location in the heart of Holly Hill, Florida Close proximity to major highways, shopping centers, beaches, hospitals, and House of worship. This property offers an excellent opportunity for investors seeking a well-located asset with immediate income potential and room for growth. Whether you're looking to continue as a motel, convert to apartments, or explore other uses, this site provides a solid foundation for your investment plans.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$560 USD /SF

# OF ROOMS

8

PRICE/ROOM

$175,000 {currency}

CAP RATE

12.72%

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tropical Gables Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1948

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,662 SF

ZONING

09B4

APN/PARCEL ID

4242-50-07-0060

ASK ABOUT THIS PROPERTY

Sean HurleyOceans CommercialMore Info
386-566-6031

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Sean HurleyOceans CommercialMore Info
386-566-6031

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