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2323 S ATLANTIC Avenue, Daytona Beach Shores, FL 32118

$8,850,000
Property Type: Commercial Sale Status: Closed
Current Price: $8,850,000 List Date: 10/11/2017 Last Modified: 9/28/2024

Overview

Description

10% Cap!!! Direct Oceanfront Hotel located in Daytona Beach Shores FL. The Lexington Inn consisting of a total of 108 Rooms which includes 2 Owner Suites, offers direct beachfront rooms, large ocean view family suites and oceanfront and ocean view efficiencies. This updated property has a heated outdoor pool overlooking the ocean, private ocean view balconies and excellent beachfront location. Additionally, refrigerators, microwaves, coffeemakers, free Wi-Fi and 32-inch flat panel televisions are all included in every room. This location also provides easy access to many of Daytona Beach's top attractions and businesses. Located within 7 miles of the Daytona Beach Airport and the Daytona International Speedway, Daytona 500 and Coke Zero 400. Walt Disney World, Universal, Sea World.

Supplements: are less than an hour's drive away. All information deemed to be true and not guaranteed and must be verified by potential buyer. Please do not visit the property unless accompanied by Listing Broker/Agent as well as not to disturb or interact with the employees of the property.

Listing Details MLS# 1023073

General Property Information

Number Of Units Total
108
Year Built
1973
Lot Size Dimensions
150x375
Association YN
No
Water Body Access YN
No
Waterfront YN
No
Directions
From Dunlawton & South Atlantic ''A1A'', go north on S. Atlantic Ave a few miles property on right (On Ocean)
Public Remarks
10% Cap!!! Direct Oceanfront Hotel located in Daytona Beach Shores FL. The Lexington Inn consisting of a total of 108 Rooms which includes 2 Owner Suites, offers direct beachfront rooms, large ocean view family suites and oceanfront and ocean view efficiencies. This updated property has a heated outdoor pool overlooking the ocean, private ocean view balconies and excellent beachfront location. Additionally, refrigerators, microwaves, coffeemakers, free Wi-Fi and 32-inch flat panel televisions are all included in every room. This location also provides easy access to many of Daytona Beach's top attractions and businesses. Located within 7 miles of the Daytona Beach Airport and the Daytona International Speedway, Daytona 500 and Coke Zero 400. Walt Disney World, Universal, Sea World.

Property Features

Business Type: Hotel/Motel Sale Includes: Building & Land

Contract Information

Listing Contract Date
2016-11-28
Property Sub Type
Business

Location Tax and Legal

Street Number
2323
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
2018-06-26T16:20:30Z
Major Change Type
Status Change
Price Change Timestamp
2017-06-08T15:19:58Z
Purchase Contract Date
2017-12-18
Close Date
2018-06-25
Close Price
8850000

Historical Information

Public Historical Remarks 1
Confidential Listing: N; Road Frontage: 150.00; Depth: 375.00; Commercial Property Name: Lexington Inn; Financial Package: No; Franchise Opt In: Yes

More Information

Location, Tax, and Legal

Country
US
Parcel Number
5322-03-01-0130
Tax Annual Amount
63565
Tax Year
2016
Tax Legal Description
LOTS 12 13 & 14 BLK 1 BRIDGEPORT HGTS & LOT 12 E OF ATLANTIC AVE EX N 99.07 FT CN MORRIS SUB OR 4302 PG 3729 PER OR 5435 PGS 4074-4075 PER OR 6628 PG 0480 PER OR 6637 PG 0109

Currently Not Used

Year Built
1973

Business Type

Hotel/Motel
Yes

Sale Includes

Building & Land
Yes
Listing Office: Marlin Realty Group
Last Updated: September - 28 - 2024
Information deemed reliable but not guaranteed.

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