Oceanfront Full-Service Hotel
1615 & 1624 S Atlantic Ave Daytona Beach, FL 32118
For Sale
Contact for pricing
Oceanfront resort with direct beach access, a pool deck, and guestroom balconies with Atlantic Ocean views.
Property Size91,853 SF
Price / SF$76.21
Days on Market50
Property Features for 1615 & 1624 S Atlantic Ave
General Information
- Standard status
- Active
- Size
- 91,853 SF
- Property subtype
- Hospitality
Building Details
- Year Built
- 1973
Listing Agency:
Commercial Real Estate Exchange
Listed By:
Tammy Bateman · License #BK3507793
Source:
Crexi
Added: Jun 5
Changed: Jul 23
Last Checked: Jul 23 at 4:05AM
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 Commercial Real Estate Exchange
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 For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.65M | $18.00 |
| − Vacancy | −$958.9k | −$10.44 |
| EGI | $694.4k | $7.56 |
| − OpEx | −$364.6k | −$3.97 |
| NOI | $329.8k | $3.59 |
91,853 SF · lease $18.00/SF/yr · vacancy 58.00% · expense 52.50%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
First watch
Restaurant
LibertyX Bitcoin ATM
Atm
Holiday Inn Resort ...
Hotel & Motel
H20 Bar & Grill
Bar & Pub
FAQs
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
