810 Ridgewood Ave Daytona Beach, FL 32114-5348
- Motels
- 11,856 SF
- 1.39 lot acres
Current Use by Public Records
- Royal Inn / Inn / Motel
- Family Renew Community Inc / Homeless Shelter
Property Details for 810 Ridgewood Ave
- Year built
- 1958
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.39 lot acres
- Property size
- 11,856 SF
- Property type
- 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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Daytona Beach
- County
- Volusia
- State
- Florida
- Longitude
- -81.0158
- Latitude
- 29.1963
- CBSA code
- 19660
- CBSA name
- DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA
