Address: 619 Ridgewood Avenue, DAYTONA BEACH, FL 32114
Description
Exceptional investment opportunity in the heart of Daytona Beach. This 23 room income producing hotel is ideally positioned along highly trafficked N Ridgewood Avenue (US 1), offering outstanding visibility and consistent drive by exposure. The property is located just minutes from the areas world famous beaches, providing strong year round tourism demand, and offers convenient access to Daytona International Speedway and International Speedway Blvd, placing it in one of the regions most active hospitality corridors. Daytona Beach draws significant annual tourism supported by major events including the Daytona 500, Rolex 24 at Daytona, Coke Zero Sugar 400, Daytona Beach Bike Week, and Biketoberfest, all of which bring substantial visitor traffic and lodging demand to the market.The property presents a strong value add opportunity with the potential to add up to five additional guest rooms within the existing structure. The rear portion of the property also offers space for possible expansion, allowing investors the opportunity to further increase room count and revenue potential. This asset is well suited for investors seeking a strategically located hospitality property with upside potential in a high traffic, tourism driven market.
Exceptional investment opportunity in the heart of Daytona Beach. This 23 room income producing hotel is ideally positioned along highly trafficked N Ridgewood Avenue (US 1), offering outstanding visibility and consistent drive by exposure. The property is located just minutes from the areas world famous beaches, providing strong year round tourism demand, and offers convenient access to Daytona International Speedway and International Speedway Blvd, placing it in one of the regions most active hospitality corridors. Daytona Beach draws significant annual tourism supported by major events including the Daytona 500, Rolex 24 at Daytona, Coke Zero Sugar 400, Daytona Beach Bike Week, and Biketoberfest, all of which bring substantial visitor traffic and lodging demand to the market.The property presents a strong value add opportunity with the potential to add up to five additional guest rooms within the existing structure. The rear portion of the property also offers space for possible expansion, allowing investors the opportunity to further increase room count and revenue potential. This asset is well suited for investors seeking a strategically located hospitality property with upside potential in a high traffic, tourism driven market.
Features
Building and Construction
Covered Spaces: 0.00
Living Area: 9806.00
Garage and Parking
Garage Spaces: 0.00
Open Parking Spaces: 0.00
Parking Features: Parking Spaces - 19 to 30
Eco-Communities
Water Source: Public
Utilities
Carport Spaces: 0.00
Cooling: Wall/Window Unit(s)
Road Frontage Type: Highway, State Road
Sewer: Public Sewer
Finance and Tax Information
Home Owners Association Fee: 0.00
Insurance Expense: 0.00
Net Operating Income: 0.00
Other Expense: 0.00
Tax Year: 2025
Other Features
Country: US
Legal Description: 38-15-33 N 2 FT OF LOT 8 & LOT 9 EXC HIWAY BLK 9 KINGSTON MB 3 PG 95 MB 15 PG 194 PER OR 4634 PG 2747 PER OR 5342 PG 4636
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