1028 Ridgewood Ave - Hospitality FOR SALE


Daytona Beach, FL 32117
$1,151,000 USD
386-237-4444
1028 Ridgewood Ave, Daytona Beach, FL for Sale
$1,151,000 USD
Hospitality - FOR SALE
1/37
null | 10.43% Cap Rate

1028 Ridgewood Ave
Daytona Beach, FL 32117


HIGHLIGHTS

  • High traffic ,US 1 commercial route ,Tourist area mainland ,1 story building
  • Lots of lights from Pictona in the rear and front by the City center .
  • Brick walls , Solid construction , Cars and RV Parking available.

OVERVIEW

The Ranch Motel is a 12-unit with owners apartment establishment in Daytona Beach, near LPGA Boulevard, which leads to the Tanger Outlets. It is situated directly in front of the Daytona Pictona Field, attracting high traffic from tourists and players who appreciate the convenience of walking access. Guests at the motel can enjoy a good view and are within walking distance of the river, adding to the appeal of their stay in Daytona Beach. Close to the beaches with, bountiful fishing, beachside shops, waterfront restaurants, and State parks. Its laid-back atmosphere and retro vibe make it a popular destination for vacationers looking for a blend of relaxation and things to do This is a turn-key operation with several 5-star reviews on TripAdvisor. The motel is in a growing business area, with the YMCA located across the street and the Holly Hill Outpost directly opposite.call Terry Sitaram @ 386 237 4444 for more information .

FOR SALE DETAILS

PRICE

$1,151,000 USD

PRICE/SF

$300 USD /SF

# OF ROOMS

12

PRICE/ROOM

$95,917 {currency}

CAP RATE

10.43%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ranch Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1948

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

09B4

APN/PARCEL ID

4242-62-05-0060

ASK ABOUT THIS PROPERTY

Terry SitaramRealty Pros CommercialMore Info
386-237-4444

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Terry SitaramRealty Pros CommercialMore Info
386-237-4444

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