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    599 Atlantic Ave Ormond Beach, FL 32176

    Sponsored
    For Sale
    $9,500,000

    40-room renovated beachfront hotel, excellent investment.

    Property size:
    13,215 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 40-key oceanfront hotel in Ormond Beach, Florida, presents a rare investment opportunity. Boasting 13,215 square feet across two, two-story concrete buildings on a 32,293 square foot lot (APN: 4223-05-08-0110), this property underwent a complete renovation within the past year. The hotel features 80 beds and offers direct beach access with a swimming pool. A significant investment has been made in fortifying the seawall with concrete and steel, providing enhanced protection against hurricane damage. The elevated location minimizes flood risk. Each of the meticulously maintained rooms includes a dehumidifier. An open space by the pool presents potential for expansion, such as a Tiki bar. The property benefits from year-round tourism driven by events like the Daytona 500 and Bike Week. The seller is offering generous financing terms. This fee-simple ownership (no ground lease) is suitable for a 1031 exchange. The property is zoned commercial. Built in 1957, this hotel is a turnkey operation ready for a new owner to capitalize on its prime location and recent renovations. The property is offered at $9,500,000.

    Property Features for 599 Atlantic Ave

    General Information

    Property type
    Motels
    Square Feet
    13,215 SF

    Building Details

    Year Built/Renovated
    1957/1
    Buildings
    2
    Stories
    2

    HighLights

    • Prime Ormond Beach location.
    • Direct beach access & pool.
    • Poolside space ideal for private events.
    • Impeccably maintained interior.
    • Reinforced seawall for hurricane protection.
    • Attractive seller financing options.
    Property Profile Location Intelligence

    Current Use by Public Records

    Oceanfront Inn and Suites ... Hotel

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Ormond Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.0317303
    Latitude
    29.2766877

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    FAQs

    What type of property is this?
    Motel - 40-room renovated beachfront hotel, excellent investment.
    Where is this motel located?
    The property is located at 599 Atlantic Ave Ormond Beach, FL.
    What is the asking price?
    The asking price for this property is $9,500,000.
    What are key features of this property?
    This property features: Prime Ormond Beach location.; Direct beach access & pool.; Poolside space ideal for private events.
    Request Owner's contact information
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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
    599 Atlantic Ave Ormond Beach, FL 32176
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