1708 S Atlantic Ave - Hospitality FOR SALE


New Smyrna Beach, FL 32169
$3,900,000 USD
386-340-1684
1708 S Atlantic Ave, New Smyrna Beach, FL for Sale
$3,900,000 USD
Hospitality - FOR SALE
1/79
null | Request Cap Rate

1708 S Atlantic Ave
New Smyrna Beach, FL 32169


HIGHLIGHTS

  • Recently renovated with series of upgrades from 2023–2026
  • Repaved parking lot and upgraded pool deck with modern paver finish
  • Beachside location in New Smyrna Beach, benefiting from strong tourism, population growth, and nearby large-scale projects driving economic expansion
  • Installed new AC mini-split systems in 2024 and updated bathrooms in select guest units

OVERVIEW

This beachside hospitality asset offers an exceptional chance to enter one of Florida’s most dynamic coastal destinations with a fully operational, significantly updated property. Positioned in New Smyrna Beach—an area seeing rapid growth, surging tourism, and enhanced infrastructure—this opportunity caters to experienced hospitality operators seeking to capitalize on strong visitor demand and a limited supply of boutique lodging options. Recent capital improvements provide a strong foundation for long-term performance without requiring heavy upfront work. Renovations completed over the last several years include repaved parking, bathroom remodels in select units, new AC mini-splits installed in 2024, and an upgraded pool deck with modern paver finish in 2023. The outdoor experience is further enhanced by Polywood patio furniture, creating an inviting setting for guests. With year-round vacation traffic, proximity to major developments like the transformative Deering Park project, and over 800,000+ annual visitors reported by the local tourism bureau, New Smyrna Beach continues to attract both leisure travelers and investors alike. This property is turnkey, positioned to deliver income immediately, and well-suited for an operator ready to bring professional hospitality expertise to an already thriving market.

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$414 USD /SF

# OF ROOMS

11

PRICE/ROOM

$354,545 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ocean Eleven Suites

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1979

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

B-4(4) - COM

APN/PARCEL ID

7415-04-39-0040,7422-01-39-0030

ASK ABOUT THIS PROPERTY

Elizabeth BringardLocal Living Realty GroupMore Info
386-340-1684

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Elizabeth BringardLocal Living Realty GroupMore Info
386-340-1684

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.