1227 N Atlantic Avenue, Daytona Beach, FL 32118
$719,000
Property Type:
Commercial Sale
Square Footage:
5,295
Lot Size (sq. ft.):
16,553
Status:
Closed
Current Price:
$719,000
List Date:
11/08/2019
Last Modified:
9/28/2024
Description
INVESTMENT OPPORTUNITY! Here is an opportunity to own a 12 unit motel on A1A across the street from the world's most famous beach! At 100% occupancy and being run by a property management company, these units/rooms are being rented out on a weekly basis. Contact us for more information about the property as well as to schedule a tour.
More Information MLS# 1064287
General Property Information
Lot Size Acres: 0.38
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Public Remarks: INVESTMENT OPPORTUNITY! Here is an opportunity to own a 12 unit motel on A1A across the street from the world's most famous beach! At 100% occupancy and being run by a property management company, these units/rooms are being rented out on a weekly basis. Contact us for more information about the property as well as to schedule a tour.
Building Area Total: 5295
Lot Size Dimensions: 116x142
List Price/SqFt: 146.36
Sold Price/SqFt: 135.79
Year Built: 1954
Location, Tax, and Legal
Country: US
Parcel Number: 4236-09-02-0320
Tax Annual Amount: 8572
Tax Year: 2018
Tax Legal Description: N 116 FT OF S 2085 FT OF E 170 FT OF LOT B SEABREEZE GOLF COURSE SUB MB 11 PG 99 EXC PART IN A1A PER OR 4902 PG 3908 PER OR 5375 PG 3247 PER OR 5918 PG 1723 PER OR 6956 PG 0356
Currently Not Used
Year Built: 1954
Status Change Information
Contingent Date: 2019-11-13
Major Change Timestamp: 2020-01-08T14:24:29Z
Major Change Type: Status Change
Price Change Timestamp: 2019-11-13T15:39:43Z
Purchase Contract Date: 2019-11-13
Close Date: 2019-12-20
Close Price: 719000
Construction Materials
Block: 1
Concrete: 1
Cooling
Wall/Window Unit(s): 1
Current Use
Hotel/Motel: 1
Income and Expenses
Net Operating Income: 130000
Business Type
Hotel/Motel: 1
Sale Includes
Building & Land: 1
Historical Information
Public Historical Remarks 1: Financing: Assumable Unrestricted; Income/Operating Inc: NOI: 130000; Included in Sale: Signs - Owned; Confidential Listing: N; Franchise Opt In: No
Contract Information
Current Price: $719,000
Sold Price: $719,000
Status: Closed
Listing Contract Date: 2019-11-07
Property Sub Type: Business
Location Tax and Legal
Street Number: 1227
Street Direction Prefix: N
Street Name: Atlantic
Street Suffix: Avenue
County: Volusia
State: FL
Postal Code: 32118
MLS Area Major: 15 - Daytona Peninsula N of Seabreeze
Property Features
Business Type: Hotel/Motel
Construction Materials: Block; Concrete
Cooling: Wall/Window Unit(s)
Current Use: Hotel/Motel
Sale Includes: Building & Land
Listing Office:
EXP Realty, LLC
Last Updated: September - 28 - 2024
Information deemed reliable but not guaranteed.