Current Use by Public Records
- Hospitality properties
Property Details for 3259 Atlantic Ave
- Year built
- 2000
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
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
Value Estimations
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Daytona Beach Shores
- County
- Volusia
- State
- Florida
- Longitude
- -80.9713
- Latitude
- 29.1567
