1020 S Ridgewood Ave - Hospitality FOR SALE


Daytona Beach, FL 32114
$2,900,000 USD
386-333-6580
1020 S Ridgewood Ave, Daytona Beach, FL for Sale
$2,900,000 USD
Hospitality - FOR SALE
1/45
null | 8% Cap Rate

1020 S Ridgewood Ave
Daytona Beach, FL 32114


HIGHLIGHTS

  • Strong repeat guest base

OVERVIEW

17-Bedroom Motel with On-Site Apartment on US-1, Daytona Beach - Located on the high-visibility corridor of US-1 in Daytona Beach, this 17-bedroom motel offers convenience and accessibility for both visitors and operators. The property also includes a separate on-site apartment, approximately 1,000 sqft, ideal for a live-in owner or manager. Key Features: Renovations: Upgrades completed in 2019 including new roof. Current Operations: Only 15 of the 17 units are rented at any time, as the owner reserves 2 units for personal use. The on-site apartment is also not rented. Value-Add Potential: Immediate opportunities exist to increase revenue by renting the additional units and maximizing the property’s use. Parking: Ample on-site parking accommodates guests comfortably. This property represents a solid investment opportunity, offering flexibility for continued motel operations or other potential uses. Its location along US-1 provides strong visibility and accessibility in an area known for steady traffic and tourism. More photos available upon request.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$362 USD /SF

# OF ROOMS

18

PRICE/ROOM

$161,111 {currency}

CAP RATE

8%

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Regal Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1953

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,382 SF

ZONING

02T3

APN/PARCEL ID

5340-05-03-0030

ASK ABOUT THIS PROPERTY

Chris SchwarzWhite Whale Commercial Real EstateMore Info
386-333-6580

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Chris SchwarzWhite Whale Commercial Real EstateMore Info
386-333-6580

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.