828 Ridgewood Avenue
Daytona Beach, FL 32117

Listed at $1,299,000

Details

  • MLS# O6338499
  • Commercial -
  • Status Active
  • 0 Bedrooms
  • Bathrooms
  • 3,950 Square Feet
  • 0.560 acres
  • Built in 1946
  • Local Schools

Description

Fantastic investment opportunity on Ridgewood Avenue in Holly Hill/Daytona Beach! The In dian Palm Motel is a well-established hospitality property featuring 14 income-producing units, an on-site office, coin-operated laundry facilities for guests, and 16 dedicated parking spaces on a 0.56-acre parcel. With excellent frontage and visibility along busy US-1, this motel enjoys an impressive year-round occupancy rate, making it a strong and reliable cash-flowing asset.Originally built in 1946, the property has operated successfully for decades and continues to benefit from steady demand from both local and tourist markets. Its convenient layout,...read more manageable size, and built-in amenities provide an easy-to-operate business model that appeals to both seasoned hospitality operators and first-time investors seeking an accessible entry point into the motel business.The location is a standout feature: just 5 miles from the world-famous Daytona International Speedway and less than 3 miles from the Daytona Beach shoreline, this property attracts year-round visitors, seasonal travelers, and event-driven demand. Ridgewood Avenue/US-1 is one of Volusia Countys busiest commercial corridors, ensuring high traffic counts, strong visibility, and easy access for guests.For investors, the site offers not only a proven operating business but also future upside. The 0.56-acre lot provides potential for improvements, repositioning, or even redevelopment to maximize returns in a thriving market that continues to grow with tourism, residential, and commercial development.Whether you are seeking a stable income-generating hospitality property or a site with long-term development potential, the In dian Palm Motel presents a unique opportunity in one of Floridas most active coastal markets.

Features

  • Wall/Window Unit(s)
  • 1.0 Story
  • $6,111 Taxes
  • Built in 1946
View All Features

Contact the Agent

Contact the Listing Agent
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All Property Features

  • Property Type: Commercial -
  • Cooling: Wall/Window Unit(s)
  • Days on Site: 192
  • Directions: From 121 S Orange Ave in downtown Orlando, head east on East South Street for 0.3 miles and take the ramp to merge onto FL-408 East. Continue on FL-408 East for 8.2 miles, then use Exit 18 to merge onto I-4 East toward Daytona Beach. Stay on I-4 East for
  • Exterior: Block, Stucco
  • Flood Zone Code: X
  • Foundation: Slab
  • Home Warranty Y/N: No
  • Lot Dimensions: 0.56
  • Lot Size: 0.56 Acres
  • Ownership: Other
  • Property Attached Y/N: No
  • Property Sub-Type: Hotel/Motel
  • Showing Instructions: Call Listing Agent 2,Call Before Showing, Call Listing Agent
  • Special Sale Provisions: None
  • Stories: 1.0
  • Taxes: $6,111
  • Water Access Y/N: No
  • Year Built: 1946
  • Zoning: 09B4