810 Ridgewood AveDaytona Beach, FL 32114

Property Details for 810 Ridgewood Ave

Year built

1958

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.39 AC

Property size (Sq ft)

11,856 SF

Property type

Hospitality properties

Property subtype

Motels

APN

5339-03-67-0030

APU

533903670030

Description

The Royal Inn, an established 45-key motel in Daytona Beach, Florida, presents a compelling investment opportunity. This property boasts 23,500 square feet across two, two-story buildings situated on a substantial 60,347 square foot lot. Built in 1958 and extensively renovated in 2020, the motel features 60 beds and ample parking for 60 vehicles. The asking price is $3,999,000, translating to $229.79 per square foot and a land value of approximately $3,884,892.09 per acre. The property's location on busy US1 ensures high visibility and accessibility. Oversized rooms offer flexibility for various uses, including potential multi-family conversion or continued operation as a daily and weekly rental motel. A brand-new roof adds significant value and peace of mind. Owner financing is available with a 25% down payment, a 5-year balloon mortgage, and a 6% interest-only payment plan. This property's strong income potential and prime location make it an exceptional investment prospect in the thriving Daytona Beach market. The property address is 810 S Ridgewood Ave, Daytona Beach, FL 32114, in Volusia County.

• CAP approach

  CAP return

  Valuation

  6%

  $2,828,108

  6.5%

  $2,610,561

  7%

  $2,424,092

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,112,913

  Geo Method

  $3,110,190

• Alternative Use

  Use

  Valuation

  Residential

  $2,849,974

  Hospitality

  $2,610,561

  Educational

  $2,171,956

  Medical

  $2,246,653

  Retail

  $3,378,598

Location Insight

City

Daytona Beach

County

Volusia

State

Florida

Latitude

29.1963

Longitude

-81.0158

CBSA code

19660

CBSA name

DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.