4851 US Highway 17 - Hospitality FOR SALE


De Leon Springs, FL 32130- Deleon Springs
$649,000 USD
386-804-5092
4851 US Highway 17, De Leon Springs, FL for Sale
$649,000 USD
Hospitality - FOR SALE
1/7
null | 8.8% Cap Rate

4851 US Highway 17
De Leon Springs, FL 32130
Deleon Springs


OVERVIEW

Exceptional investment and owner-user opportunity located on highly visible US Highway 17 in De Leon Springs, Florida. This income-producing commercial property consists of approximately 2,460 square feet of building area plus a 610-square-foot canopy situated on approximately 0.66 acres with excellent highway frontage and exposure. Currently configured as six dwelling/lodging units and fully leased to a well-established nonprofit organization, the property generates $72,000 in annual gross income. The flexible layout and zoning create multiple potential future uses, including motel operations, workforce housing, transitional housing, lodging, or other commercial applications, subject to applicable approvals. The property benefits from direct access to US Highway 17 and is strategically located between DeLand and De Leon Springs, providing convenient access throughout Volusia County. Municipal sewer service has already been extended to the property, creating a clear path for future utility modernization and long-term operational improvements. Investors will appreciate the existing income stream and value-add potential, while owner-users will recognize the property’s visibility, accessibility, and redevelopment opportunities. Whether continuing its current use or repositioning the asset for future hospitality or housing operations, this property offers a unique combination of cash flow, flexibility, and long-term upside. The property is currently fully occupied and operated by a nonprofit organization serving individuals and families in need of housing assistance. Ownership is committed to minimizing disruption to the residents and ongoing operations. Please do not disturb occupants or staff. All showings are by appointment only and must be coordinated through the listing agent. Qualified buyers may be afforded private showings with reasonable advance notice. All information contained herein has been obtained from sources believed to be reliable and has been diligently investigated; however, no warranty or representation is made as to its accuracy or completeness. Buyers and their representatives are encouraged to independently verify all information, measurements, zoning, permitted uses, income, expenses, utility availability, and other matters material to their purchase decision. Offered at $649,000. US Highway 17 north from DeLand. Continue approximately 6 miles. Property located on the east side of US Highway 17 at 4851 N US Highway 17, De Leon Springs.

FOR SALE DETAILS

PRICE

$649,000 USD

PRICE/SF

$211 USD /SF

# OF ROOMS

5

PRICE/ROOM

$129,800 {currency}

CAP RATE

8.8%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Spring Waters Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1958

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,600 SF

ZONING

01B4

APN/PARCEL ID

6943-06-00-0120

ASK ABOUT THIS PROPERTY

Geof FeltonGreene Realty of FLMore Info
386-804-5092

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Geof FeltonGreene Realty of FLMore Info
386-804-5092

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