For Sale
$2,300,000

1020 Ridgewood AveDaytona Beach, FL 32114

Turnkey Motel, 18 Keys, Opportunity Zone

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 18-key motel in Daytona Beach, Florida, presents a lucrative investment opportunity. Located at 1020 S Ridgewood Ave, Volusia County, zip code 32114 (29.19303218890573, -81.01337398059071), this turnkey operation boasts a recently completed, extensive renovation and upgrade exceeding $100,000. The upgrades enhance the property's appeal and create a comfortable, home-like atmosphere for both guests and management. All 17 bedrooms have been upgraded, significantly increasing the property's value and rental potential. Situated in an Opportunity Zone, this motel offers attractive tax advantages for future investors. Its prime location offers easy access to the river, the ocean, public transportation, medical facilities, shopping, and downtown Daytona Beach. The property enjoys high occupancy rates throughout the year. All measurements are approximate, based on data from the Volusia Property Appraiser website. The asking price is $2,300,000. Potential owner financing may be available. Serious inquiries only; proof of funds is required to discuss financial details.

Highlights

  • $2,300,000 asking price for this 18-key motel.
  • Located in Daytona Beach, FL, at 1020 S Ridgewood Ave, Volusia County, zip code 32114.
  • Recently renovated with over $100,000 in upgrades to the manager's living quarters and guest rooms.
  • Situated in an Opportunity Zone, offering potential tax advantages.
  • Close to the river, ocean, public transportation, shopping, and downtown Daytona Beach.
  • High occupancy rates throughout the year.

Property Details for 1020 Ridgewood Ave

Property type
Hospitality properties, Motels

Location Insight

City
Daytona Beach
County
Volusia
State
Florida
Latitude
29.193032188906
Longitude
-81.013373980591
1020 Ridgewood Ave, Daytona Beach, Florida

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1020 Ridgewood Ave
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