1700 S Atlantic Avenue, Daytona Beach, FL 32118
$1,600,000
Property Type:
Commercial Sale
Square Footage:
6,906
Lot Size (sq. ft.):
16,553
Status:
Closed
Current Price:
$1,600,000
List Date:
10/21/2021
Last Modified:
9/28/2024
Overview
Description
Supplements:
Listing Details MLS# 1089785
General Property Information
- Number Of Units Total
- 16
- Building Area Total
- 6906
- Year Built
- 1966
- Lot Size Acres
- 0.38
- Lot Size Dimensions
- 127x130
- Association YN
- No
- Water Body Access YN
- No
- Waterfront YN
- No
- Directions
- From Silver Beach & A1A (Atlantic Ave), head South on A1A, along the ocean, property down on right.
- Public Remarks
- Studio One Motel, located directly across the street from the ocean consisting of 16 renovated Suites. Eight of these suites have a separate full kitchen as these are the luxury suites with the remainder having a kitchenette in the room. This property as you can see has been completely renovated and has a long term history of great revenue and high occupancy. As pricing of multifamily properties on the beach side continue to increase in the 150k plus range per unit, the other possibility for this investment would be to operate this property as long term multi- family property as an investment at 100k per unit, directly on A1A across the street from the ocean. There is a coin operated washer dryer on the premises along with a private BBQ patio.
- List Price/SqFt
- 230.23
- Sold Price/SqFt
- 231.68
Property Features
Business Type:
Commercial; Hotel/Motel
Construction Materials:
Block; Concrete
Cooling:
Wall/Window Unit(s)
Current Use:
Commercial; Hotel/Motel; Multi-Family
Sale Includes:
Building & Land
Sewer:
Public Sewer
Utilities:
Separate Electric Meters; Separate Water Meters
Water Source:
Public
Contract Information
- Listing Contract Date
- 2021-10-20
- Property Sub Type
- Business
Location Tax and Legal
- Street Number
- 1700
- Street Direction Prefix
- S
- Street Name
- Atlantic
- Street Suffix
- Avenue
- County
- Volusia
- State
- FL
- Postal Code
- 32118
- MLS Area Major
- 13 - Beachside, N of Dunlawton & S Silver
Status Change Information
- Major Change Timestamp
- 2022-01-18T23:54:21Z
- Major Change Type
- Status Change
- Purchase Contract Date
- 2021-11-08
- Close Date
- 2022-01-18
- Close Price
- 1600000
Income and Expenses
- Gross Income
- 355473
- Net Operating Income
- 174368
More Information
Historical Information
- Public Historical Remarks 1
- Zoning (Text): n/a; Bldg Type/Location: Free Standing; Income/Operating Inc: NOI: 174368; Included in Sale: Business Name, Good Will, Signs - Owned; Meters: # Electric Meters: 8, # Water Meters: 1; SqFt - Total: 16510.00; Confidential Listing: N; % Occupancy: 85.00; Commercial Property Name: Studio One; Financial Package: Yes; Franchise Opt In: No
Location, Tax, and Legal
- Country
- US
- Parcel Number
- 5316-02-00-1640
- Tax Annual Amount
- 9629
- Tax Year
- 2020
- Tax Legal Description
- LOTS 163 & 164 OCEAN DUNES DIV MB 6 PG 208 PER OR 5240 PG 1631
- Zoning Description
- Other
Currently Not Used
- Year Built
- 1966
Construction Materials
- Block
- Yes
- Concrete
- Yes
Cooling
- Wall/Window Unit(s)
- Yes
Current Use
- Commercial
- Yes
- Hotel/Motel
- Yes
- Multi-Family
- Yes
Sewer
- Public Sewer
- Yes
Utilities
- Separate Electric Meters
- Yes
- Separate Water Meters
- Yes
Water Source
- Public
- Yes
Business Type
- Commercial
- Yes
- Hotel/Motel
- Yes
Sale Includes
- Building & Land
- Yes
Listing Office:
Marlin Realty Group
Last Updated: September - 28 - 2024
Information deemed reliable but not guaranteed.