2240 S Atlantic Avenue, Daytona Beach Shores, FL 32118 (MLS# 1074588)

2240 S Atlantic Avenue, Daytona Beach Shores, FL 32118

$1,100,000

Virtual Tour

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Property Type: Commercial Sale Square Footage: 4,471 Lot Size (sq. ft.): 22,216 Status: Closed

Current Price: $1,100,000 List Date: 9/27/2021 Last Modified: 9/28/2024

Overview

Description

Excellent investment property in Daytona Beach Shores, Fl. This 12 unit motel offers 5 rooms with 2 double beds, full kitchens including full size gas stove, fridge, TV, microwave and extra counter space. 6 rooms with 2 double beds, mini-fridge, microwave, and TV. 1 room with 1 king size bed, mini-fridge, microwave, and tv. In addition, there is an office with 1 bedroom suite with full kitchen and bath. NEW ROOF COMING SOON. Owner will consider financing with $400,000 down.

Listing Details MLS# 1074588

General Property Information

Number Of Units Total: 13
Building Area Total: 4471
Year Built: 1952
Lot Size Acres: 0.51
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Directions: North on Atlantic Ave from Dunlawton. Property on West side of Atlantic
Public Remarks: Excellent investment property in Daytona Beach Shores, Fl. This 12 unit motel offers 5 rooms with 2 double beds, full kitchens including full size gas stove, fridge, TV, microwave and extra counter space. 6 rooms with 2 double beds, mini-fridge, microwave, and TV. 1 room with 1 king size bed, mini-fridge, microwave, and tv. In addition, there is an office with 1 bedroom suite with full kitchen and bath. NEW ROOF COMING SOON. Owner will consider financing with $400,000 down.
List Price/SqFt: 290.76
Sold Price/SqFt: 246.03

Property Features

Building Features: Kitchen Facilities; Private Restroom Business Type: Commercial; Hotel/Motel Construction Materials: Block; Concrete Cooling: Wall/Window Unit(s) Current Use: Hotel/Motel Listing Terms: Other Road Frontage Type: City Street; Other Sale Includes: Building & Land Sewer: Public Sewer Water Source: Public

Contract Information

Listing Contract Date: 2020-08-19
Property Sub Type: Business

Location Tax and Legal

Street Number: 2240
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: 2022-04-19T14:30:42Z
Major Change Type: Status Change
Price Change Timestamp: 2021-04-22T15:46:31Z
Purchase Contract Date: 2021-12-19
Close Date: 2022-04-18
Close Price: 1100000

Building Features

Ceiling Eve Height: 7 - 10 Feet High
Kitchen Facilities: Yes
Private Restroom: Yes

More Information

Income and Expenses

Gross Income: 137295

Historical Information

Public Historical Remarks 1: Bldg Type/Location: Free Standing; # Parking: 12; Included in Sale: Business Name, Good Will, Signs - Owned; Parking: Paved; Confidential Listing: N; Road Frontage: 132.00; Commercial Property Name: Shore Winds Motel; Franchise Opt In: Yes

Location, Tax, and Legal

Country: US
Parcel Number: 5322-01-00-0057
Tax Annual Amount: 4378
Tax Year: 2019
Tax Legal Description: E 184.5 FT MEAS ON S/L OF LOT 5 W OF ATLANTIC AVE & E 140 FT MEAS ON N/L OF S 20 FT OF LOT 4 W OF ATLANTIC AVE C N MORRIS SUB EXC PART IN R/W PER OR 3728 PGS 2387

Currently Not Used

Year Built: 1952

Construction Materials

Block: Yes
Concrete: Yes

Cooling

Wall/Window Unit(s): Yes

Current Use

Hotel/Motel: Yes

Listing Terms

Other: Yes

Road Frontage Type

City Street: Yes
Other: Yes

Sewer

Public Sewer: Yes

Water Source

Public: Yes

Business Type

Commercial: Yes
Hotel/Motel: Yes

Sale Includes

Building & Land: Yes

Listing Office: Realty Pros Assured

Last Updated: September - 28 - 2024

Information deemed reliable but not guaranteed.

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