1855 Ridgewood AveSouth Daytona, FL 32119

This exceptional 32-key motel in South Daytona, Florida, presents a lucrative investment opportunity. Boasting 15,366 square feet across two, two-story buildings situated on a 48,300 square foot lot, this property offers significant potential. Currently operating at 60% occupancy, the motel generates a substantial net operating income (NOI) of $450,000, representing a 10% capitalization rate. The asking price is $4,500,000, or $140,625 per key. Built in 1957, the motel features 32 efficiency rooms and ample parking (40 spaces). Its prime location on busy Ridgewood Avenue places it within one mile of Daytona Beach, five miles from Halifax Hospital, Daytona International Speedway, Daytona International Airport, and Interstates 95 and I-4. The area offers excellent access to restaurants, retail, and entertainment. The property benefits from recent updates, including freshly painted exteriors and nicely updated rooms. Owner financing is available. This is a rare chance to acquire a well-positioned motel with strong income potential in a thriving tourist destination.