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Property profile & analytics
FOR SALE
Hotels

209 S Ridgewood Ave Daytona Beach, FL 32114

Built 1915
Property ID
US18-0583440
Property summary
AI-generated overview

Historic Hotel in the heart of Daytona Beach. A local landmark for over 100 years. Convenient location within walking distance near groceries, restaurants, shopping, downtown Daytona Beach, Daytona Beach Library, Marinas, etc. Fully leased. 20 rooms stay rented with minimal vacancy. 26 residential units total (3 suites can be separated as two rooms). Parking: 14 spaces. Manager's suite is a 2BR, 2BA apartment. Easy business, guests consist of primarily weekly and monthly rentals, not day-to-day. Property consists of 2 parcels , 110 ft of frontage on US1/Ridgewood Ave. Rents vary from $480 to $1,100 / mo depending on unit. Partially renovated and inspected by the city. Could use additional TLC for increased income. .Property consists of 2 parcels representing 110 ft of frontage on US1. IMPORTANT - DO NOT DISTURB TENANTS.

Property profile
Verified
Property type Hotels
Year built 1915
UPID US18-0583440
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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