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3221 Atlantic Ave Daytona Beach Shores, FL 32118

Sponsored
For Sale
$1,990,000

10-key hotel, potential owner financing.

Description

Added:
Dec 11, 2024
Days on Market:
392
Prime investment opportunity: Daytona Beach Shores' Daytona Shores Inn & Suites, a 10-key oceanfront hotel, is available for $1,990,000. This value-add property boasts a projected 10.75% cap rate and a $214,000 projected net operating income (NOI). The property includes a three-bedroom, two-bathroom owner's unit, allowing for owner occupancy and rental income generation. All units feature either full kitchens or kitchenettes. Recent improvements include a new metal roof and upgraded windows, along with significant room renovations by the previous owner. The seller is currently upgrading the seawall and pool. Attractive below-market owner financing may be available. An adjacent property, comprising eight villas (two two-bedroom units and six one-bedroom units), presents a potential expansion opportunity (sold separately). This coastal property is ideal for an owner-operator seeking a blend of personal enjoyment and strong rental income, or for an out-of-state investor seeking a turnkey hospitality operation currently utilized as a hotel, motel, and Airbnb. All information should be independently verified by prospective buyers. Located at 3221 S Atlantic Ave, Daytona Beach Shores, FL 32118.

Property Features for 3221 Atlantic Ave

General Information

Property type
Hotels

Building Details

Buildings
1

HighLights

  • Oceanfront Daytona Beach Shores hotel, 10 keys, asking $1,990,000.
  • Projected 10.75% cap rate and $214,000 NOI.
  • Includes a three‑bedroom, two‑bathroom owner's suite.
  • All units have full kitchens or kitchenettes; recent upgrades include a new roof and windows.
  • Seller currently upgrading seawall and pool; owner financing may be available.
  • Adjacent eight‑villa property offers expansion potential (separate sale).
Property Profile Location Intelligence

Current Use by Public Records

Daytona Shores Inn ... Motel

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
-80.973400074443
Latitude
29.159110969139

FAQs

What type of property is this?
Hotel - 10-key hotel, potential owner financing.
Where is this hotel located?
The property is located at 3221 Atlantic Ave Daytona Beach Shores, FL.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: Oceanfront Daytona Beach Shores hotel, 10 keys, asking $1,990,000.; Projected 10.75% cap rate and $214,000 NOI.; Includes a three-bedroom, two-bathroom owner's suite.
More about this property
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