This prime location on A1A is a Developers Dream! The property is being sold for land value. Tear it down and build a gorgeous high-rise residence and save money with the infrastructure already in place or start the very 1st 55+ Oceanfront Adult Community in the area!! This Oceanfront Motel is currently being used as an Extended Stay and has an 85% occupancy rate. In its current state, it has been a family owned and operated Motel with very little advertising. There is opportunity for increased revenues as a Motel, through advertising, marketing and rebranding. This 28 unit Motel has a Manager's Quarters, lobby, full laundry area, Basement with tons of storage, space for on site laundry, and an Oceanfront Pool and Deck.
- Price:
- $2,999,999
- Year Built:
- 1958
- Listing ID #:
- 1074338
- Street Address:
- 1503 S Atlantic Ave
- City:
- Daytona Beach
- State:
- Florida
- Postal Code:
- 32118
- County:
- Volusia
- Community:
- Beachside/ N Of Dunlawton & S Silver
- Listing Status:
- Active
- Construction Description:
- Concrete Block, Stucco
- Number Of Units:
- 28
- Type Of Roof:
- Flat, Rolled
- Year Built:
- 1958
- Business Type:
- Hotel/Motel
- Existing Land Use:
- Extended Stay
- Lot Size:
- 79x270
- Road Frontage:
- 79.00
- Road Type:
- Paved
- Suitable Use:
- Motel/Hotel
- Financing Options:
- Assumable Qualify
- Parking Description:
- Guest, Paved
- Cooling System:
- Wall/Window Units
- Existing Water:
- Avail At Site, City
- Heating:
- Wall/Window Units
- Sewage Type:
- Public Sewer
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By Century 21 Sundance Realty
