808 Atlantic Ave Daytona Beach, FL 32118

This exceptional 28-room oceanfront hotel in Daytona Beach, Florida, presents a lucrative investment opportunity. Boasting 10,089 square feet across three buildings on a 0.74-acre lot, this property offers 25 keys with a current occupancy rate of 75%. Renovated in 2020, the hotel features a heated pool, inviting patios or balconies, and a charming canopy and seawall. The property enjoys a prime location directly across from the beach, a short drive from Daytona International Speedway, Daytona Ice Arena, and the Daytona Beach Boardwalk. With a current NOI of $280,000 and a pro-forma NOI of $420,000, this property offers a 10% cap rate and a pro-forma cap rate of 15%. Daily rates range from $110 to $210, contributing to a strong financial outlook. The hotel's location in the rapidly growing Daytona Beach-Ormond Beach Metro Area, coupled with the increasing demand for boutique accommodations, makes this a compelling investment. The property includes 28 parking spaces and is zoned for hotel/motel use (3900). Built in 1954, this hotel offers a blend of established history and recent upgrades, presenting a unique opportunity for significant returns. The asking price is $2,800,000, translating to $112,000 per key and $277.53 per square foot.