1020 S Ridgewood Ave Daytona Beach, FL 32114

4,536 SF 0.95 ac lot Built 1953

Entity Owned 11-yr Hold ~ Est. High Equity

Property ID

US19-0508629

$2,300,000 4,536 SF

1020 S Ridgewood Ave, Daytona Beach, FL 32114
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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.