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19359980
19352604

808 S Atlantic Ave, Daytona Beach, FL 32118

TS
3092297
Realty Pros Commercial Division
Listed by Realty Pros Commercial Division
$2,800,000
681 days on market
Updated 105 days ago

28 ROOM OCEANFRONT INDEPENDENT HOTEL ,DAYTONA BEACH, OWC

Details
APN 530926020010
Property Type Hospitality
Sub Type Hotel, Motel
Square Footage 10,089
Keys 28
Cap Rate 10%
NOI $280,000
Occupancy 75%
Pro-Forma Cap Rate 15%
Pro-Forma NOI $420,000
Price per SqFt $278
Broker Co-Op Yes
Year Built 1954
Year Renovated 2020
Buildings 3
Stories 1
Acreage 0.740
Zoning 3900-Hotel/Motel
Parking Spaces 28 spaces
Parking Per SqFt 2.78
Investment Type Owner/User
Ground Lease No
Ownership owned

Hospitality | 28 Keys | $100,000/key

Marketing description

Terry Sitaram of Realty Pros Commercial has been exclusively retained to offer for sale the fee simple interest in the 28-room Atlantic Economy Inn located off of South Atlantic Avenue in Daytona Beach, Florida. Daytona Beach is part of the fast-growing Daytona Beach - Ormond Beach Metro Area (MSA), with a population exceeding 660,000. Daytona Beach is part of Volusia County and is located an hour away from the city of Orlando. The hotel is directly across the street from the beach. It is a short drive from major demand drivers such as the Daytona International Speedway, Daytona Ice Arena, and Daytona Beach Boardwalk, amongst others. The Atlantic Economy Inn offers investors the opportunity to acquire a 28-room, independent, boutique hotel in a growing market and rapidly expanding location within Florida, where the availability of hotels near the coast is limited. From endless activities to calm, quiet days spent sunbathing and beachcombing, visitors are finding just what they're looking for in a Florida vacation along the 23 miles of world-famous iconic shores of Daytona Beach. With area investments in progress and more hotel, attraction, dining, and shopping options than ever, now is the perfect time to (re)experience all that Daytona Beach has to offer, including these new developments the owner may finance.

Investment highlights

Investment Overview

Prime Location:

  • Direct Oceanview Rooms: Offering stunning views and easy beach access.

  • Inviting Patios or Balconies: Enhancing the guest experience with scenic vistas.

Diverse Room Selection:

  • 28 Thoughtfully Designed Rooms: Catering to various guest preference

Exceptional Amenities:

  • Heated Pool: Year-round enjoyment for guests.

  • Charming Canopy and Sturdy Seawall: Enhancing comfort and safety.

Investment Potential:

  • Daily Rates: Ranging from $110 to $210.

  • High Return Potential: Due to the prime location and desirable amenities.

Community Integration:

  • Vibrant Daytona Beach Community: Offering networking opportunities with entrepreneurs and hospitality enthusiasts.

Growing Demand:

  • Surge in Boutique Accommodations: Meeting the evolving needs of travelers seeking personalized experiences.

Why Invest?

  1. Location Advantage: The scenic beauty and prime location of Daytona Beach ensure high guest footfall and demand.

  2. Diverse and Attractive Amenities: Comprehensive amenities cater to various guest preferences, enhancing satisfaction and repeat business.

  3. Strong Financial Prospects: Competitive daily rates combined with a high occupancy rate translate to substantial returns on investment.

  4. Community and Networking: Being part of a vibrant community opens doors for collaboration and business growth.

  5. Market Trends: Increasing demand for boutique hotels makes this the perfect time to invest.

To explore this investment opportunity further, consider:

  1. Property Tour: Schedule a visit to experience the hotel's offerings firsthand.

  2. Financial Analysis: Review detailed financial statements and projections.

  3. Market Research: Understand the local tourism market and competitive landscape.

  4. Consultation: Discuss with real estate and hospitality investment advisors.

If you’re ready to take the plunge or need more detailed information, feel free to reach out to Terry Sitaram team handling boutique hotel. Investing in such a prime property could indeed be a highly rewarding venture.

Listing Contacts

TS
3092297
Realty Pros Commercial Division
Listed by Realty Pros Commercial Division

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Loan Amount
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Annual Cash Flow
$280,000.00
$23,333.33/mo

Valuation Metrics

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Cap Rate
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