2011 S ATLANTIC Avenue, Daytona Beach Shores, FL 32118
$1,800,000
![209-3[1]](https://cdn.photos.sparkplatform.com/dab/20150919180028918635000000-o.jpg)
![309_3[1]](https://cdn.photos.sparkplatform.com/dab/20150919180104683514000000-o.jpg)
Property Type:
Commercial Sale
Status:
Closed
Current Price:
$1,800,000
List Date:
9/19/2015
Last Modified:
9/28/2024
Description
DIRECT OCEAN FRONT 27 Unit Motel! 20 of the units have kitchens. Owners are retiring and have ran this hotel on a VERY part time basis. Approximately 105 square feet per unit... Tike Bar next to the OCEANFRONT Pool for greater upside. 3 floor no elevator, exterior corridor - plus 3 lock off units. Buy and hold now and then build your own high rise condo if you so desire. Tropical landscaping. 0.42 acres of prime Oceanfront land in Daytona Beach Shores. Plenty of stores nearby. Only 1.2 Miles from the new Hard Rock Hotel & the Russian project. ADR is only $77/night blended average; run part time yields a gross of $210,000 and a net of $100,000. BUT run full time with the same verifiable ADR of $77 and 65% occupancy yields a gross of $758,855, net of $259,000 and a CAP of 11.3%>>>>>>>>>>>>
More Information MLS# 1007391
General Property Information
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Directions: E On ISB,Go over orange Ave Bridge/Silver Ave.R on South Atlantic. Hotel is between Botefulr Ave & park ave.The Flamingo
Public Remarks: DIRECT OCEAN FRONT 27 Unit Motel! 20 of the units have kitchens. Owners are retiring and have ran this hotel on a VERY part time basis. Approximately 105 square feet per unit... Tike Bar next to the OCEANFRONT Pool for greater upside. 3 floor no elevator, exterior corridor - plus 3 lock off units. Buy and hold now and then build your own high rise condo if you so desire. Tropical landscaping. 0.42 acres of prime Oceanfront land in Daytona Beach Shores. Plenty of stores nearby. Only 1.2 Miles from the new Hard Rock Hotel & the Russian project. ADR is only $77/night blended average; run part time yields a gross of $210,000 and a net of $100,000. BUT run full time with the same verifiable ADR of $77 and 65% occupancy yields a gross of $758,855, net of $259,000 and a CAP of 11.3%>>>>>>>>>>>>
Year Built: 1987
Location, Tax, and Legal
Country: US
Parcel Number: 5316-26-00-0101
Tax Legal Description: 16 15 33 S 5 1/4 FT OF LOT 10 E OF OCEAN SHORE BLVD IN SHARE2 & N 59.75 FT OF LOT 10 E OF OCEAN SHORE BLVD IN SHARE 3BOTEFUHR ESTATE PER OR 2260 PG 63
Currently Not Used
Year Built: 1987
Business Type
Hotel/Motel: 1
Sale Includes
Building & Land: 1
Historical Information
Public Historical Remarks 1: Confidential Listing: N; Franchise Opt In: No
Contract Information
Current Price: $1,800,000
Sold Price: $1,800,000
Status: Closed
Listing Contract Date: 2015-09-19
Property Sub Type: Business
Location Tax and Legal
Street Number: 2011
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: 2015-09-24T15:41:35Z
Major Change Type: Status Change
Purchase Contract Date: 2015-09-20
Close Date: 2015-09-22
Close Price: 1800000
Property Features
Business Type: Hotel/Motel
Sale Includes: Building & Land
Listing Office:
Aswin Suri Real Estate
Last Updated: September - 28 - 2024
Information deemed reliable but not guaranteed.