Oceanfront Full-Service Hotel
For Sale
Contact for pricing
Pending
1615 & 1624 S Atlantic Ave, Daytona Beach, FL 32118
Oceanfront resort with direct beach access, a pool deck, and guestroom balconies with Atlantic Ocean views.
Property Size91,853 SF
Days on Market135
Property Features for 1615 & 1624 S Atlantic Ave
General Information
Standard status
Pending
Size
91,853 SF
Total Parking Spaces
144
Property subtype
Hospitality
Zoning
Tourist Accommodations (T-1)
Amenities
pool deck
beach access
pool
hot tub
splash pad
fire pits
beachfront restaurant
lounge
meeting space
fitness room
game room
kitchenettes
Building Details
Year Built
1973
Year Renovated
2010
Buildings
1
Stories
7
Listed By:
Tammy Bateman · License #BK3507793
Source:
Crexi
Added: Jun 5
Changed: Oct 13
Last Checked: Oct 16 at 6:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Tammy Bateman
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Investment Insights
Based on property information with market context.
This fee-simple oceanfront resort operates as a full-service hotel with 188 rooms, featuring direct beach frontage and in-room private balconies with uninterrupted Atlantic Ocean views. The property is set across an oceanfront parcel plus an additional parcel on Atlantic Avenue. Guest amenities include a pool deck with direct beach access, pool and hot tub, splash pad, fire pits, and beachfront restaurant and lounge. Additional on-site offerings include meeting space, a fitness room, and a game room.
The resort’s configuration supports a mix of guest experiences, with 78 guestrooms including kitchenettes. Construction is described as durable masonry and reinforced concrete, supported by significant capital investment and strong ownership stewardship. The property is identified as Holiday Inn Resort Daytona Beach Oceanfront.
The asset is located in Daytona Beach’s beachside corridor and is marketed as a branded beachfront property with operational scale, visibility, and value-add potential. It is offered with a non-contingent earnest money deposit of the greater of $20,000 or 10% of the purchase price, and a participation deposit of $10,000, with close of escrow noted as 9/18/2026.
The resort’s configuration supports a mix of guest experiences, with 78 guestrooms including kitchenettes. Construction is described as durable masonry and reinforced concrete, supported by significant capital investment and strong ownership stewardship. The property is identified as Holiday Inn Resort Daytona Beach Oceanfront.
The asset is located in Daytona Beach’s beachside corridor and is marketed as a branded beachfront property with operational scale, visibility, and value-add potential. It is offered with a non-contingent earnest money deposit of the greater of $20,000 or 10% of the purchase price, and a participation deposit of $10,000, with close of escrow noted as 9/18/2026.
Key Highlights
- Fee‑simple, oceanfront resort with nearly 350 linear feet of direct beach frontage
- 188‑room full‑service hotel with guestrooms offering uninterrupted Atlantic Ocean views from private balconies
- 78 guestrooms include kitchenettes for extended‑stay or leisure use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$329,844
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,596,880
$6.6M
Cap Rate 7%
$4,712,057
$4.7M
Cap Rate 9%
$3,664,933
$3.7M
Market Conditions
NOI Build-Up for 91,853 SF
Gross rent
$1.65M $18.00/SF
− Vacancy
−$958.9K −$10.44/SF
EGI
$694.4K $7.56/SF
− OpEx
−$364.6K −$3.97/SF
NOI
$329.8K $3.59/SF
Area
Volusia County, FL
Vacancy
58.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,596,880
Cap Rate 7%
$4,712,057
Cap Rate 9%
$3,664,933
Alternative Uses
Best Use
Hotel Hospitality
$4.71M
$4.12M – $5.50M
NOI $329,844 @ 7.0% cap · market cap 4.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$27.08M
$23.70M – $31.60M
NOI $1,895,846 @ 7.0% cap · market cap 27.08%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
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Business Placement
Demographics for 32118, FL
17,906
Population
16,390
Households
1.1
Avg Household Size
58
Median Age
31%
College-Educated
94%
High-School Grad
4.2 sq mi
ZIP Area
4,263
Density / Sq Mi
$60,418
Median Household Income
$36,153
Median Earnings
$1,283
Median Rent
$339,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Resort - Oceanfront resort with direct beach access, a pool deck, and guestroom balconies with Atlantic Ocean views.
Where is this resort located?
The property is located at 1615 & 1624 S Atlantic Ave Daytona Beach, FL.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: Fee‑simple, oceanfront resort with nearly 350 linear feet of direct beach frontage; 188‑room full‑service hotel with guestrooms offering uninterrupted Atlantic Ocean views from private balconies; 78 guestrooms include kitchenettes for extended‑stay or leisure use
