1028 Ridgewood AveDaytona Beach, FL 32117

This 12-key motel presents a compelling redevelopment opportunity in Daytona Beach, Florida. The 3,832 square foot property, built in 1952 and renovated in 2020, sits on a 0.41-acre lot at 1028 Ridgewood Ave, 32117, boasting a prime location directly across from Daytona Pictona Field. This high-traffic area benefits from proximity to LPGA Boulevard, Tanger Outlets, and the Daytona Beach river, offering guests convenient access to shopping, dining, and recreational activities. The motel currently enjoys an 80% occupancy rate (as of August 7, 2024) and features 12 guest rooms, each with its own parking space (13 total spaces). The property is zoned for hotel/motel use (3900-Hotel/Motel) and benefits from a strong existing reputation, evidenced by multiple 5-star TripAdvisor reviews. The asking price is $1,151,000 ($300.37/sq ft, $95,916.67/key). Nearby amenities include the YMCA and Holly Hill Outpost. This turnkey operation offers significant potential for increased revenue and return on investment in a thriving tourist destination. The property is freehold, not subject to a ground lease.