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33412622
32699390

1014 North Atlantic Avenue, Daytona Beach, FL 32118 For Sale

MJ
FL 3118251
west avenue realty
Listed by west avenue realty
$6,499,000
61 days on market
Updated 39 days ago

Sea Shells Beach Club

Details
Property Type Multifamily, Hospitality (+1)
Sub Type Hotel, Business and Building
Square Footage 22,264
Units 30
Cap Rate 8.00%
NOI $536,228
Year Built 1972
Buildings 1
Stories 4
Lot Size (SqFt) 24,000 - 26,000
Zoning t-1
Ground Lease No
Sale Condition For sale by owner

This four-story, oceanfront hotel has Kitchens in every unit

Marketing description

The Sea Shells Beach Club by Coastal Suites is located at 1014 N Atlantic Avenue, Daytona Beach, Florida 32118. This property offers the potential to add four additional guest rooms, which are currently being used as storage and owners suite. All existing rooms feature kitchenettes. This four-story, oceanfront hotel, originally constructed in 1972, represents a compelling value-add opportunity for an investor seeking to reposition a well-established asset within a high-demand coastal market Blocks from the Hard Rock.

Situated directly along North Atlantic Avenue, the property boasts direct beach access and excellent visibility along one of Daytona Beach’s most traveled corridors. Its location places guests within minutes of Daytona’s premier attractions, including the Daytona Beach Boardwalk, Daytona International Speedway, and Ocean Center Convention Complex. The property also benefits from proximity to a variety of dining, retail, and entertainment options, enhancing its year-round leisure and transient appeal.

The property has undergone $1M in capital improvements and a brand new sea wall.

Investment highlights

P R O P E R T Y H I G H L I G H T S

  • 41-Rooms -Exterior Corridor – Concrete Build – Build 1972

- Over $1M in Renovations

  • New Seawall installed 2024
  • Amenities Include: Outdoor Pool, Fitness Center, 24-Market, Business Center, Meeting Room, Laundry Facilities and Outdoor Parking Spaces
  • Located off N ATLANTIC AVE (18500 AADT)

L O C A T I O N H I G H L I G H T S

  • Daytona Beach Boardwalk & Pier (0.8 miles)
  • Ocean Walk Village & Shoppes (0.7 miles)
  • Ocean Center Convention Complex (0.9 miles)
  • Peabody Auditorium (1.0 miles)
  • Daytona Lagoon Waterpark (0.9 miles)
  • Breakers Oceanfront Park (0.8 miles)
  • Daytona International Speedway (6.3 miles)
  • Museum of Arts & Sciences (5.3 miles)
  • Daytona Beach International Airport (6.5 miles)

Listing Contacts

MJ
FL 3118251
west avenue realty
Listed by west avenue realty

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$536,228.00
$44,685.67/mo

Valuation Metrics

0
DSCR
8.25%
Cap Rate
8.25%
ROI

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Additional Information

Name
Matthew Joseph
License
3118251
Brokerage Phone
3055349995
Brokerage Address
95 Merrick Way
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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