828 RIDGEWOOD Avenue, Holly Hill, FL 32117
sale
$1,199,000
|
Other
Courtesy Of JUPITER PROPERTIES INC
WELL-ESTABLISHED MOTEL WITH STRONG LOCATION, INCOME & UPSIDE. An exceptional opportunity to acquire a well-established hospitality property in the heart of the Daytona Beach market. Located along highly traveled Ridgewood Avenue/US-1 in Holly Hill, the Indian Palm Motel offers an attractive combination of established operations, recurring income, excellent visibility, and future potential. Situated on approximately 0.56 acres, the property features 14 income-producing guest units, an on-site office, coin-operated guest laundry facilities, and 15 dedicated parking spaces. The manageable size and straightforward layout create an efficient operation that can appeal to both experienced hospitality operators and investors looking for an accessible entry into the motel business. One of the property's key advantages is its established demand and year-round occupancy, supported by its strategic location within the Daytona Beach tourism and commercial corridor. With prominent frontage and visibility along US-1, the property benefits from strong drive-by exposure and convenient accessibility for both local and visiting guests. The Indian Palm Motel is ideally positioned just approximately 3 miles from the Daytona Beach shoreline and approximately 5 miles from Daytona International Speedway, placing guests within easy reach of two of the area's most recognizable attractions. The surrounding market benefits from tourism, seasonal travel, major events, local business activity, and continued residential and commercial growth. The property has a long history of serving the Daytona Beach-area lodging market. Today, it offers an investor the opportunity to acquire not just real estate, but an operating hospitality business with an established customer base and existing income stream. Whether your strategy is to operate the property as an established motel, improve and reposition the asset, or explore its longer-term development potential, the Indian Palm Motel offers multiple avenues to create value.
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Property Features
- Age: Over 50 Years Old
- Cooling System: Window Unit(s)
- Cooling System: Wall/Window Unit(s)
- Exterior Type: Block
- Floors: 1
- Legal Description: LOT 4 EXC N 8.99 FT SUB LOT 1 BLK 8 M & C HOLLY HILL MB 2 PG 154 PER OR 3728 PG 0816 PER OR 5336 PG 4738 PER OR 7147 PG 4741 PER OR 8168 PG 1353 PER OR 8440 PG 3620
- MLSID: O6443334
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