$750,000

1915 N Atlantic Avenue

Daytona Beach FL, 32118

Description

Amazing opportunity, multi unit motel situated on A1A, right across the road from the Atlantic ocean. 9 Units, with potential to add one more room, the building is grandfathered in for a second floor bedroom which can be added over the office area. Units currently market for $100 per night potentially allowing for over 328K in potential annual gross income. NEW ROOF IN PROGRESS due to be completed shortly!!! Excellent location provides for low vacancy rates, the motel ALSO COMES WITH AN ADJACENT OCEANFRONT VACANT CLEARED LOT with approx 50ft OF FRONTAGE on A1A which offers numerous possibilities for the enterprising buyer. Information Herein Deemed Reliable but Not Guaranteed. With all the development this amazing deal will not last long, make an offer today!

Details

MLS#1066290
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1953
Days On Site9

Features

SQ Feet3,209
Story(s)1
Units9
ZoningOther

Market Activity 32118

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Area Information

StateFL
CountyVolusia
CityDaytona Beach
Zip Code32118
Area15 - Daytona Peninsula N of Seabreeze
Listing VS Median (in 32118)
Price:
$750,000
low | high
Med:
$220,000
100% of Average
SqFt:
3,209
low | high
Med:
1,415
100% of Average
$ / SqFt:
$234
low | high
Med:
$155
83.4765606596% of Average
On Site:
9
low | high
Med:
0
Listing Updated: 01/18/2020
MLS Number: 1066290
Listing Provided By:
David Levy  of  Matok Realty Management Inc