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$2,300,000
Est. payment /mo
14,737 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 14,737 sqft
Price per Sqft $156
MLS Listing ID 1230276
Year Built 1949
Annual Tax Amount $5,188
Lot Size 0.490 Acres
Lot Dimensions 0.49
Property Sub-Type Hotel/Motel
Source Daytona Beach Area Association of REALTORS®
Property Description
Fully Renovated Multi-Use Hospitality & Residential Investment Opportunity (owner financing available call for terms)
Exceptional income-producing hospitality and residential investment opportunity consisting of two separate parcels(208/216 Ridgewood) featuring a fully renovated motel/hotel operation, three residential homes, and multiple additional cabin-style units. The property has undergone an extensive renovation, with improvements including new roofs, new HVAC systems, new flooring, fresh interior and exterior paint, updated finishes, and more. The renovation has recently been completed, and the property is not currently occupied by new tenants.The hospitality component offers a versatile mix of units, including two 2-bedroom/2-bath units, three additional 2-bedroom/2-bath units, and fourteen 1-bedroom/1-bath units. In addition, there are two detached cabin-style units, including two 1-bedroom units sharing a kitchen and bathroom, as well as another detached with two 1-bedroom/ 1-bath cabin-style unit with a full kitchen.
The residential component includes three separate homes. The first is a 2-bedroom, 2-bath home with a 2-car garage. While this residence has not been fully updated, it features a new roof and provides an opportunity for additional value through future improvements. The second home offers 5 bedrooms and 3 bathrooms and has been fully updated, including a new roof, new HVAC system, new flooring, and additional renovations. The third home features 7 bedrooms and 2 bathrooms and has also been fully renovated with a new roof, new HVAC system, new flooring, and additional improvements.
The property provides 23 parking spaces, with the parking lot recently re-coated, plus substantial additional space that may provide opportunities for future parking expansion and/or additional growth, subject to applicable approvals. The property is fenced along the sides and rear, providing added privacy and security.
With multiple residential and hospitality units, two separate parcels, extensive recent renovations, ample parking, and additional land for potential expansion, this property offers a unique opportunity for an investor seeking a diversified income-producing asset with significant improvements already completed.
Property Highlights:
Two separate parcels
Fully renovated hospitality property
3 residential homes
Multiple cabin-style units
23 existing parking spaces
Recently recoated parking lot
Additional space for parking and potential growth
New roofs throughout the renovated properties
New HVAC systems
New flooring
Interior and exterior paint
Fenced along sides and rear
Renovation recently completed
Currently occupied by new tenants
Multiple income-producing components
Potential for future value-add opportunities
Exceptional income-producing hospitality and residential investment opportunity consisting of two separate parcels(208/216 Ridgewood) featuring a fully renovated motel/hotel operation, three residential homes, and multiple additional cabin-style units. The property has undergone an extensive renovation, with improvements including new roofs, new HVAC systems, new flooring, fresh interior and exterior paint, updated finishes, and more. The renovation has recently been completed, and the property is not currently occupied by new tenants.The hospitality component offers a versatile mix of units, including two 2-bedroom/2-bath units, three additional 2-bedroom/2-bath units, and fourteen 1-bedroom/1-bath units. In addition, there are two detached cabin-style units, including two 1-bedroom units sharing a kitchen and bathroom, as well as another detached with two 1-bedroom/ 1-bath cabin-style unit with a full kitchen.
The residential component includes three separate homes. The first is a 2-bedroom, 2-bath home with a 2-car garage. While this residence has not been fully updated, it features a new roof and provides an opportunity for additional value through future improvements. The second home offers 5 bedrooms and 3 bathrooms and has been fully updated, including a new roof, new HVAC system, new flooring, and additional renovations. The third home features 7 bedrooms and 2 bathrooms and has also been fully renovated with a new roof, new HVAC system, new flooring, and additional improvements.
The property provides 23 parking spaces, with the parking lot recently re-coated, plus substantial additional space that may provide opportunities for future parking expansion and/or additional growth, subject to applicable approvals. The property is fenced along the sides and rear, providing added privacy and security.
With multiple residential and hospitality units, two separate parcels, extensive recent renovations, ample parking, and additional land for potential expansion, this property offers a unique opportunity for an investor seeking a diversified income-producing asset with significant improvements already completed.
Property Highlights:
Two separate parcels
Fully renovated hospitality property
3 residential homes
Multiple cabin-style units
23 existing parking spaces
Recently recoated parking lot
Additional space for parking and potential growth
New roofs throughout the renovated properties
New HVAC systems
New flooring
Interior and exterior paint
Fenced along sides and rear
Renovation recently completed
Currently occupied by new tenants
Multiple income-producing components
Potential for future value-add opportunities
Location
State FL
County Volusia
Direction Exit interstate 95 at International Speedway blvd and head east North on Ridgewood ave property on left
Exterior
Parking Features Additional Parking, Parking Lot
Building
Lot Description Other
Others
Senior Community No
Tax ID 4244-01-28-0050
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Listed by Realty Pros Assured
NEARBY SCHOOL & BUSINESS
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