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3221 S ATLANTIC Avenue, Daytona Beach Shores, FL 32118

$2,582,500
Property Type: Commercial Sale Square Footage: 3,407 Status: Closed
Current Price: $2,582,500 List Date: 5/13/2015 Last Modified: 9/28/2024

Overview

Description

MOTIVATED SELLER!!! BRING ALL OFFERS!!! MOTIVATED SELLER!!! Was $3,300,000. PRICE JUST REDUCED! SELLER FINANCE WITH only $600K DOWN, for this 18 unit Oceanfront Motel, located in Daytona Beach Shores, FL. This Art Deco Motel has been completely renovated with a newer roof on the oceanfront building and new custom top rated windows, upgraded tile, Tommy Bahama furniture, Flat screen TVs and private tropical patios. The oceanfront pool with new pavers was recently completely redone and resurfaced. In addition, there is a large 2 bedroom owners/manager quarters with amazing ocean views and an overview of the entire complex. This deal includes the property across the street, parcel # 5335-0105-0070.) consisting of 8 units in 3 separate buildings on 100 x 300 ft parcel of land, perfect for

Supplements: extended stay guests requiring more room requiring 1- 2 bedrooms with and dining rooms and full gourmet kitchens. (parcel # 5335-0105-0070.). This property is right in the middle of a potential oceanfront condo development. The City has just passed and removed the height restriction for oceanfront development. Please check directly with the City o ...

Listing Details MLS# 1002664

General Property Information

Number Of Units Total
18
Building Area Total
3407
Year Built
1950
Lot Size Dimensions
50x320
Association YN
No
Water Body Access YN
No
Waterfront YN
Yes
Directions
From Dunlawton Bridge, head North on A1A for appromatly 2 miles, property on right on ocean and across the street too.
Public Remarks
MOTIVATED SELLER!!! BRING ALL OFFERS!!! MOTIVATED SELLER!!! Was $3,300,000. PRICE JUST REDUCED! SELLER FINANCE WITH only $600K DOWN, for this 18 unit Oceanfront Motel, located in Daytona Beach Shores, FL. This Art Deco Motel has been completely renovated with a newer roof on the oceanfront building and new custom top rated windows, upgraded tile, Tommy Bahama furniture, Flat screen TVs and private tropical patios. The oceanfront pool with new pavers was recently completely redone and resurfaced. In addition, there is a large 2 bedroom owners/manager quarters with amazing ocean views and an overview of the entire complex. This deal includes the property across the street, parcel # 5335-0105-0070.) consisting of 8 units in 3 separate buildings on 100 x 300 ft parcel of land, perfect for
List Price/SqFt
877.6
Sold Price/SqFt
758

Property Features

Business Type: Hotel/Motel Construction Materials: Block; Concrete Cooling: Wall/Window Unit(s) Current Use: Hotel/Motel Heating: Electric Listing Terms: Other Sale Includes: Building & Land Sewer: Public Sewer Water Source: Public

Contract Information

Listing Contract Date
2015-05-13
Property Sub Type
Business

Location Tax and Legal

Street Number
3221
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
2018-04-02T20:59:02Z
Major Change Type
Status Change
Price Change Timestamp
2017-10-07T20:23:03Z
Purchase Contract Date
2018-03-28
Close Date
2018-03-30
Close Price
2582500

Historical Information

Public Historical Remarks 1
Zoning (Text): 03t; Financing: OWC - 1st; Included in Sale: Business Name; Site Improvements: Curb/Sidewalks; Confidential Listing: N; Road Frontage: 50.00; Depth: 320.00; Commercial Property Name: Beach House Motel; Financial Package: No; Franchise Opt In: No

More Information

Location, Tax, and Legal

Country
US
Parcel Number
5335-01-02-0010
Tax Annual Amount
8628
Tax Year
2014
Tax Legal Description
LOTS 1 2 27 & 28 BLK B RIOMAR BEACHES PER OR 3692 PG 0792 PER OR 6655 PG 1909

Currently Not Used

Year Built
1950

Construction Materials

Block
Yes
Concrete
Yes

Cooling

Wall/Window Unit(s)
Yes

Current Use

Hotel/Motel
Yes

Heating

Electric
Yes

Listing Terms

Other
Yes

Sewer

Public Sewer
Yes

Water Source

Public
Yes

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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