801 Ridgewood AveDaytona Beach, FL 32117

This exceptional 38-unit motel in Daytona Beach, Florida, presents a compelling value-add investment opportunity. Located at 801 Ridgewood Ave, Volusia County, zip code 32117 (29.2400105, -81.0382232), this property boasts a prime location along the world-famous Daytona Beach, benefiting from high tourist traffic generated by major events such as NASCAR racing, Bike Week, Biketoberfest, and Spring Break. The motel currently operates as both a short-term and long-term extended-stay facility, offering a diverse unit mix including 29 two-bedroom units, 6 one-bedroom units, 2 additional two-bedroom units, a studio, and an office. Significant upgrades were completed in 2018, encompassing roof replacement, AC unit replacement, updated televisions, Wi-Fi installation, HBO/Cinemax subscriptions, and new electrical lines. The property consistently maintains over 90 percent occupancy. Its convenient location offers easy access to public transportation, numerous restaurants, bridges leading to the beaches and Halifax River. The experienced on-site manager, with over a decade of operational experience, is willing to continue under new ownership, ensuring a smooth transition. The asking price for this thriving business is $4,500,000. This represents a rare chance to acquire a well-maintained, high-performing motel in a highly desirable location with significant upside potential.