3259 Atlantic AveDaytona Beach Shores, FL 32118

This exceptional oceanfront hotel in Daytona Beach Shores, Florida, presents a lucrative investment opportunity. Boasting a prime location at 3259 S Atlantic Ave, zip code 32118, this five-story, single-building property underwent a complete renovation in 2022. Originally constructed in 2000, the hotel features 85 keys and offers an impressive 9% capitalization rate, with a pro-forma cap rate of 11.70%. The asking price is $12,500,000, representing approximately $168 per key. This represents a strong return on investment in a highly desirable coastal market. The property's direct oceanfront location ensures consistent high occupancy rates and strong revenue generation. Detailed financial statements are available upon request, subject to a non-disclosure agreement to protect the confidentiality of this exclusive offering. This is a rare opportunity to acquire a fully renovated, high-performing hotel in a prime location. Serious inquiries only. The address provided is not the exact property address