For Sale
$6,800,000

1306 Atlantic AveDaytona Beach, FL 32118

Renovated Retro Hotel, 40 Keys

Overview

Added:
Dec 11, 2024
Days on market:
115
Prime Daytona Beach oceanfront hotel, boasting 40 keys across three buildings. This renovated, retro-style property offers approximately 100 feet of direct ocean frontage and features recently updated amenities including a new TPO roof (currently being installed), new balconies, a refreshed AC system, updated kitchens and tile, and a resurfaced pool with new exterior pavers. Thirty-two rooms provide either direct oceanfront or oceanview accommodations, many feeling oceanfront due to the building's design. The hotel operates as a limited-service establishment and benefits from a turnkey operation with existing management and staff eager to continue. A strong pro-forma NOI of $574,239 translates to an 8.44% cap rate at the asking price of $6,800,000 ($170,000 per key). The property is located at 1306 N Atlantic Ave, Daytona Beach, FL 32118, in Volusia County. A private mortgage may be assumable, presenting a compelling investment opportunity. All information is deemed reliable but not guaranteed and should be independently verified.

Highlights

  • Prime Daytona Beach oceanfront hotel with 40 keys across three buildings.
  • Recently renovated with updated amenities including a new roof, balconies, AC system, kitchens, tile, and resurfaced pool.
  • 100 feet of direct ocean frontage; 32 oceanfront or oceanview rooms.
  • Turnkey operation with existing management and staff; strong NOI of $574,239.
  • 8.44% cap rate at $6,800,000 asking price ($170,000 per key).
  • Located at 1306 N Atlantic Ave, Daytona Beach, FL; assumable mortgage available.

Property Details for 1306 Atlantic Ave

Property type
Hospitality properties, Motels
Buildings
3

Location Insight

City
Daytona Beach
County
Volusia
State
Florida
Latitude
29.2485671
Longitude
-81.0182037
1306 Atlantic Ave, Daytona Beach, Florida

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1306 Atlantic Ave
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