599 Atlantic AveOrmond Beach, FL 32176

Property Details for 599 Atlantic Ave

Year built

1957

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.74 AC

Property size (Sq ft)

6,637 SF

Zone code

B6

Property type

Industrial properties

Property subtype

Manufacturing properties

APN

4223-05-08-0110

APU

422305080110

Description

This exceptional 40-key oceanfront hotel in Ormond Beach, Florida, presents a rare investment opportunity. Boasting 13,215 square feet across two, two-story concrete buildings on a 32,293 square foot lot (APN: 4223-05-08-0110), this property underwent a complete renovation within the past year. The hotel features 80 beds and offers direct beach access with a swimming pool. A significant investment has been made in fortifying the seawall with concrete and steel, providing enhanced protection against hurricane damage. The elevated location minimizes flood risk. Each of the meticulously maintained rooms includes a dehumidifier. An open space by the pool presents potential for expansion, such as a Tiki bar. The property benefits from year-round tourism driven by events like the Daytona 500 and Bike Week. The seller is offering generous financing terms. This fee-simple ownership (no ground lease) is suitable for a 1031 exchange. The property is zoned commercial. Built in 1957, this hotel is a turnkey operation ready for a new owner to capitalize on its prime location and recent renovations. The property is offered at $9,500,000.

Location Insight

City

Ormond Beach

County

Volusia

State

Florida

Latitude

29.2767

Longitude

-81.0318

CBSA code

19660

CBSA name

DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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