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    3259 Atlantic Ave Daytona Beach Shores, FL 32118

    Sponsored
    For Sale
    $12,500,000

    Luxury Hotel, Prime Location, High ROI

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional oceanfront hotel in Daytona Beach Shores, Florida, presents a lucrative investment opportunity. Boasting a prime location at 3259 S Atlantic Ave, zip code 32118, this five-story, single-building property underwent a complete renovation in 2022. Originally constructed in 2000, the hotel features 85 keys and offers an impressive 9% capitalization rate, with a pro-forma cap rate of 11.70%. The asking price is $12,500,000, representing approximately $168 per key. This represents a strong return on investment in a highly desirable coastal market. The property's direct oceanfront location ensures consistent high occupancy rates and strong revenue generation. Detailed financial statements are available upon request, subject to a non-disclosure agreement to protect the confidentiality of this exclusive offering. This is a rare opportunity to acquire a fully renovated, high-performing hotel in a prime location. Serious inquiries only. The address provided is not the exact property address

    Property Features for 3259 Atlantic Ave

    General Information

    Property type
    Hotels

    Building Details

    Year Built/Renovated
    2000/2022
    Buildings
    1
    Stories
    5

    HighLights

    • Oceanfront hotel in Daytona Beach Shores, FL (3259 S Atlantic Ave, 32118) offering a strong ROI.
    • Five‑story, 85‑key hotel completely renovated in 2022.
    • 9% capitalization rate, with a pro‑forma cap rate of 11.70%.
    • Asking price: $12,500,000 ($168 per key).
    Property Profile Location Intelligence

    Current Use by Public Records

    Larry Fornari Sr ... Park

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Gym & Fitness Skin Care Clinic Kitchen & Bath

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach Shores
    County
    Volusia
    State
    Florida
    Longitude
    -80.9713387
    Latitude
    29.1567117

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    FAQs

    What type of property is this?
    Hotel - Luxury Hotel, Prime Location, High ROI
    Where is this hotel located?
    The property is located at 3259 Atlantic Ave Daytona Beach Shores, FL.
    What is the asking price?
    The asking price for this property is $12,500,000.
    What are key features of this property?
    This property features: Oceanfront hotel in Daytona Beach Shores, FL (3259 S Atlantic Ave, 32118) offering a strong ROI.; Five-story, 85-key hotel completely renovated in 2022.; 9% capitalization rate, with a pro-forma cap rate of 11.70%.
    Request Owner's contact information
    3259 Atlantic Ave Daytona Beach Shores, FL 32118
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    Daytona Beach Shores, FL 32118
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3259 Atlantic Ave Daytona Beach Shores, FL 32118
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