808 S Atlantic Ave - Hospitality FOR SALE


Daytona Beach, FL 32118
$2,800,000 USD
386-237-4444
808 S Atlantic Ave, Daytona Beach, FL for Sale
$2,800,000 USD
Hospitality - FOR SALE
1/37
null | 7.79% Cap Rate

808 S Atlantic Ave
Daytona Beach, FL 32118


HIGHLIGHTS

  • Beach Front with Owner-Operator Opportunity or off site operation
  • Excellent investment Opportunity For seasoned Hotel Owner or conversion to Boutoque motel
  • Traffic (AADT) Count Of Over 14,000 Vehicles Per Day

OVERVIEW

Terry Sitaram of Realty Pros Commercial has been exclusively retained to offer for sale the fee simple interest in the 28-room Atlantic Economy Inn located off of South Atlantic Avenue in Daytona Beach, Florida. Daytona Beach is part of the fast-growing Daytona Beach - Ormond Beach Metro Area (MSA), with a population exceeding 660,000. Daytona Beach is part of Volusia County and is located an hour away from the city of Orlando. The hotel is directly across the street from the beach. It is a short drive from major demand drivers such as the Daytona International Speedway, Daytona Ice Arena, and Daytona Beach Boardwalk, amongst others. The Atlantic Economy Inn offers investors the opportunity to acquire a 28-room, independent, boutique hotel in a growing market and rapidly expanding location within Florida, where the availability of hotels near the coast is limited. From endless activities to calm, quiet days spent sunbathing and beachcombing, visitors are finding just what they're looking for in a Florida vacation along the 23 miles of world-famous iconic shores of Daytona Beach. With area investments in progress and more hotel, attraction, dining, and shopping options than ever, now is the perfect time to (re)experience all that Daytona Beach has to offer, including these new developments:

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$278 USD /SF

# OF ROOMS

27

PRICE/ROOM

$103,704 {currency}

CAP RATE

7.79%

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Atlantic Economy Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1953

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,234 SF

ZONING

T4

APN/PARCEL ID

5309-26-02-0010

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.