For Sale
$3,999,000

810 Ridgewood AveDaytona Beach, FL 32114

Prime Beachfront Motel, High ROI Potential

Overview

Added:
Dec 11, 2024
Days on market:
114
The Royal Inn, an established 45-key motel in Daytona Beach, Florida, presents a compelling investment opportunity. This property boasts 23,500 square feet across two, two-story buildings situated on a substantial 60,347 square foot lot. Built in 1958 and extensively renovated in 2020, the motel features 60 beds and ample parking for 60 vehicles. The asking price is $3,999,000, translating to $229.79 per square foot and a land value of approximately $3,884,892.09 per acre. The property's location on busy US1 ensures high visibility and accessibility. Oversized rooms offer flexibility for various uses, including potential multi-family conversion or continued operation as a daily and weekly rental motel. A brand-new roof adds significant value and peace of mind. Owner financing is available with a 25% down payment, a 5-year balloon mortgage, and a 6% interest-only payment plan. This property's strong income potential and prime location make it an exceptional investment prospect in the thriving Daytona Beach market. The property address is 810 S Ridgewood Ave, Daytona Beach, FL 32114, in Volusia County.

Highlights

  • Established 45-key motel in Daytona Beach, FL.
  • 23,500 SF on a 60,347 SF lot, two two-story buildings.
  • 60 beds, 60 parking spaces, recently renovated (2020).
  • Asking price: $3,999,000 ($229.79/SF, approx. $3,884,892.09/acre land value).
  • High visibility location on US1; owner financing available (25% down, 5-year balloon, 6% interest-only).

Property Details for 810 Ridgewood Ave

Property type
Hospitality properties, Motels
Square Feet
23,500 SF
Year Built/Renovated
1958/2020
Buildings
2
Stories
2

Location Insight

City
Daytona Beach
County
Volusia
State
Florida
Latitude
29.1964799
Longitude
-81.0154312
810 Ridgewood Ave, Daytona Beach, Florida

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810 Ridgewood Ave
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