For Sale
$1,151,000

1028 Ridgewood AveDaytona Beach, FL 32117

12-Unit Motel, Prime Location, High Returns

Overview

Added:
Dec 11, 2024
Days on market:
114
Exceptional investment opportunity: a 12-unit motel in Daytona Beach, Florida, asking $1,151,000. This 3,832 square foot, single-story property sits on a 17,859.6 square foot lot at 1028 Ridgewood Avenue, zip code 32117. Built in 1952, the Ranch Motel boasts a prime location near LPGA Boulevard, leading to Tanger Outlets, and directly across from Daytona Pictona Field, ensuring high tourist traffic. Guests enjoy convenient walking access to the river and Daytona Beach's attractions. The property offers a blend of retro charm and modern convenience, attracting vacationers seeking relaxation and nearby activities, including beaches, fishing, shops, restaurants, and state parks. This turnkey operation features several 5-star TripAdvisor reviews and benefits from a growing business area, with the YMCA and Holly Hill Outpost nearby. The property includes an owner's apartment. This mixed-use, multifamily, hospitality, and commercial property presents a strong return on investment. The property is classified as a hotel, single-family rental portfolio, residential, executive office, commercial, and bed and breakfast.

Highlights

  • $1,151,000 asking price.
  • 12-unit motel with owner's apartment in Daytona Beach, FL.
  • 3,832 square feet on a 17,859.6 square foot lot.
  • Built in 1952, one-story building.
  • Prime location near LPGA Boulevard, Tanger Outlets, and Daytona Pictona Field.

Property Details for 1028 Ridgewood Ave

Property type
Office properties, Mixed-use properties
Square Feet
3,832 SF
Year Built
1952
Stories
1
Units
12

Location Insight

City
Daytona Beach
County
Volusia
State
Florida
Latitude
29.2431635
Longitude
-81.041011
1028 Ridgewood Ave, Daytona Beach, Florida

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1028 Ridgewood Ave
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