1020 Ridgewood Ave Daytona Beach, FL 32114
- Motels
- 4,536 SF
- 0.95 lot acres
Current Use by Public Records
- Regal Inn / Hotel
- Crosspoint Inn Motel / Motel
- Crosspoint Labor / Construction Company
Property Details for 1020 Ridgewood Ave
- Year built
- 1953
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.95 lot acres
- Property size
- 4,536 SF
- Zone code
- T3
- Property type
- Motels
- APN
- 5340-05-03-0030
- APU
- 534005030030
Description
This exceptional 18-key motel in Daytona Beach, Florida, presents a lucrative investment opportunity. Located at 1020 S Ridgewood Ave, Volusia County, zip code 32114 (29.19303218890573, -81.01337398059071), this turnkey operation boasts a recently completed, extensive renovation and upgrade exceeding $100,000. The upgrades enhance the property's appeal and create a comfortable, home-like atmosphere for both guests and management. All 17 bedrooms have been upgraded, significantly increasing the property's value and rental potential. Situated in an Opportunity Zone, this motel offers attractive tax advantages for future investors. Its prime location offers easy access to the river, the ocean, public transportation, medical facilities, shopping, and downtown Daytona Beach. The property enjoys high occupancy rates throughout the year. All measurements are approximate, based on data from the Volusia Property Appraiser website. The asking price is $2,300,000. Potential owner financing may be available. Serious inquiries only; proof of funds is required to discuss financial details.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Daytona Beach
- County
- Volusia
- State
- Florida
- Longitude
- -81.0142
- Latitude
- 29.1927
- CBSA code
- 19660
- CBSA name
- DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA
