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$4,500,000

Est. payment - /mo

8,350 SqFt

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Key Details

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Active

Purchase Type For Sale

Square Footage 8,350 sqft

Price per Sqft $538

MLS Listing ID 1231209

HOA Y/N No

Year Built 1952

Annual Tax Amount $10,300

Acres 0.63

Property Sub-Type Hotel/Motel

Source Daytona Beach Area Association of REALTORS®

Property Description

Rare opportunity to acquire a two-property mixed-use package in Ormond-by-the-Sea, offered together as one sale. The package includes the 20-unit motel at 1732 Ocean Shore Blvd and the adjacent retail and apartment property at 1740 Ocean Shore Blvd. The motel currently has 16 of 20 units occupied, with four vacant (80% occupancy). The 1740 property features six retail spaces and six apartments above: 3-1/1, 2-2/1, and 1-3/1. Retail uses include a surf shop, barbershop, smoothie shop, dance studio, massage therapist, and coffee shop. A distinctive coastal investment combining hospitality, retail, and residential uses in one offering.

Location

State FL

County Volusia

Area 18 - Ormond-By-The-Sea

Direction From Granada Boulevard, head north on Ocean Shore Boulevard. The property is on Ocean Shore Boulevard in Ormond-by-the-Sea.

Region Ormond Beach

City Region Ormond Beach

Exterior

Parking Features Parking Lot

Fence Block

Waterfront Description Ocean Front

View Y/N No

Water Access Desc Ocean Front

Building

Lot Description Irregular Lot

Sewer Septic Tank

Others

Tax ID 3241-07-01-0010

Ownership Ormond Ocean Mist LLC

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Ray Hayyat • EXP Realty LLC

NEARBY SCHOOL & BUSINESS

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Rick Brown

Agent SLSL3322205

+1(321) 348-8720

1732 Ocean Shore BLVD Ormond Beach, FL 32176