2225 Atlantic AveDaytona Beach, FL 32118

  • Hospitality properties
  • 73,958 SF
For Sale

Property Details for 2225 Atlantic Ave

Year built
1968
Construction
CONCRETE
Lot size
2.32 AC
Property size (Sq ft)
73,958 SF
Zone code
T
Property type
Hospitality properties
Property subtype
Hotels
APN
5315-02-02-0010
APU
531502020010

Description

This exceptional 132-key Best Western hotel presents a compelling investment opportunity in Daytona Beach, Florida. The five-story, interior-corridor property boasts 78,541 square feet and sits on a desirable 2.32-acre oceanfront lot, offering direct beach access from the pool deck. Each of the 132 guest rooms features a private balcony with stunning Atlantic Ocean views, all recently renovated (2023-2024) with updated bathrooms and plumbing. The extensive renovations also included improvements to the seawall and landscaping. Amenities include an on-site restaurant and bar, a poolside tiki bar, a heated outdoor pool, a fitness center, a business center, complimentary breakfast, meeting space, and ample on-site parking. Built in 1968, this property offers significant upside potential, with brand conversion opportunities available for upper-upscale lifestyle and boutique flags. The hotel benefits from its prime location in a thriving market, attracting millions of visitors annually to Daytona Beach's renowned beaches, Daytona International Speedway, and numerous festivals. The area's strong growth is further supported by its robust educational institutions, healthcare facilities, and convenient transportation infrastructure. This fee-simple ownership offers a rare chance to acquire a fully renovated, oceanfront hotel in a high-demand destination.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $17,654,054
    6.5%
    $16,296,049
    7%
    $15,132,046
  • Comparable approach

    Method
    Valuation
    Relative Method
    $25,678,904
    Geo Method
    $19,401,440
  • Alternative Use

    Use
    Valuation
    Residential
    $17,790,552
    Hospitality
    $16,296,049
    Educational
    $13,558,122
    Medical
    $14,024,406
    Retail
    $21,090,412
2225 Atlantic Ave, Daytona Beach, Florida
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Location Insight

City
Daytona Beach
County
Volusia
State
Florida
Latitude
29.1948
Longitude
-80.9916
CBSA code
19660
CBSA name
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$124,765
$4,100,625
$3,277,099
$7,377,724
-
$4,100,625
$3,277,099
$7,377,724

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