1306 Atlantic Ave Daytona Beach, FL 32118

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.