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    1503 S Atlantic Avenue

    Daytona Beach, FL 32118
    • $2,999,999
    • STATUS: Active
    • ON SITE: 113 days
    • MLS #: 1074338
    UPDATED: 52 min ago
    $2,999,999
    • 0
      BEDS
    • 0.53
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1958
    County:

    School Ratings & Info

    Description

    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.The lot is almost 24,000 square feet and offers almost 80' frontage directly on the Atlantic Ocean. All information recorded in the MLS is intended to be accurate but cannot be guaranteed

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    © 2020 Daytona Beach Area Association of Realtors®, Inc.All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Zimmerman | Adams Cameron & Co. Realtors. Data last updated: 2020-12-03T19:26:54.273.
    www.realestateportorange.com/homes/108769480
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    1503 S Atlantic Avenue Daytona Beach, FL 32118

    • Price: $2,999,999
    • Status: Active
    • Updated: 52 min ago
    • MLS #: 1074338
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.53
    Acres
    1958
    Built
    Neighborhood:
    Beachside, N of Dunlawton & S Silver
    County:
    Volusia
    Area:
    Beachside, N of Dunlawton & S Silver
    Property Description
    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.The lot is almost 24,000 square feet and offers almost 80' frontage directly on the Atlantic Ocean. All information recorded in the MLS is intended to be accurate but cannot be guaranteed
    Exterior Features

    Construction Concrete BlockStucco Depth 270.00 Highway Access A1a Parking GuestPaved Road Frontage 79.00 Road Type Paved Roof FlatRolled

    Interior Features

    Air Conditioning Wall/Window Units Heating Wall/Window Units

    Property Features

    Access Transport 4 LaneCity As Is Condition Yes Building Type Location Free StandingHotel/Motel Business Type Hotel/Motel Commercial Style Comm-Land & Bldg Incl Current Number Of Tenants 24.0000 Current Use Extended Stay Electric Meters 1 Financial Package No Financing Assumable Qualify Franchise Opt In Yes Gross Income 420000.00 Homestead Exemption No Includedin Sale BuildingBusiness NameFixturesFurnitureGood WillInventoryLandSigns - OwnedTools Nrr Req No Possible Use Motel/Hotel Sewer Public Sewer Special Conditions None Special Contingency No Tax Year 2019 Taxes 34075.00 Water Avail At SiteCity Water Meters 1

    Listing courtesy of Neshia Oglesby of Century 21 Sundance Realty.


    © 2020 Daytona Beach Area Association of Realtors®, Inc.All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Zimmerman | Adams Cameron & Co. Realtors. Data last updated: 2020-12-03T19:26:54.273.
     
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    Team Zimmerman | Adams Cameron & Co. Realtors
    1100 Dunlawton Avenue
    Port Orange FL, 32127