828 Ridgewood Ave - Hospitality FOR SALE


Daytona Beach, FL 32117- Greater Daytona
$1,299,000 USD
561-305-6161
828 Ridgewood Ave, Daytona Beach, FL for Sale
$1,299,000 USD
Hospitality - FOR SALE
1/8
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828 Ridgewood Ave
Daytona Beach, FL 32117
Greater Daytona


HIGHLIGHTS

  • Prime US-1 / Ridgewood Avenue Frontage – Excellent visibility and access along one of Volusia County’s busiest commercial corridors
  • Minutes to Major Destinations – Approximately 5 miles to Daytona International Speedway and under 3 miles to Daytona Beach
  • Convenient Guest Access – Easy connectivity to I-95, I-4, and surrounding retail, dining, and entertainment
  • Growing Area – Surrounded by ongoing residential, commercial, and hospitality development
  • Infill Location with Upside – Large 0.56-acre parcel offers long-term potential in a supply-constrained corridor

OVERVIEW

Fantastic investment opportunity on Ridgewood Avenue in Holly Hill/Daytona Beach! The Indian Palm Motel is a well-established hospitality property featuring 14 income-producing units, an on-site office, coin-operated laundry facilities, and 16 dedicated parking spaces on a 0.56-acre parcel. With excellent frontage and visibility along busy US-1, this motel enjoys an impressive year-round occupancy rate, making it a strong and reliable cash-flowing asset. The location is a standout feature: just 5 miles from the world-famous Daytona International Speedway and less than 3 miles from the Daytona Beach shoreline. Ridgewood Avenue/US-1 is one of Volusia County’s busiest commercial corridors, ensuring high traffic counts, strong visibility, and easy access for guests. For investors, the site offers not only a proven operating business but also future upside. The 0.56-acre lot provides potential for improvements, repositioning, or even redevelopment to maximize returns in a thriving market that continues to grow with tourism, residential, and commercial development.

FOR SALE DETAILS

PRICE

$1,299,000 USD

PRICE/SF

$329 USD /SF

# OF ROOMS

14

PRICE/ROOM

$92,786 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Indian Palms Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1946

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

CC-1

APN/PARCEL ID

5337-41-01-0040

ASK ABOUT THIS PROPERTY

Stephen MolinariKW CommercialMore Info
561-305-6161

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Stephen MolinariKW CommercialMore Info
561-305-6161

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