$2,999,999
1503 S Atlantic Avenue,
Daytona Beach FL, 32118
Description
This prime location on A1A is a Developers Dream! The property is being sold for land value. Tear it down and build a gorgeous high-rise residence and save money with the infrastructure already in place or start the very 1st 55+ Oceanfront Adult Community in the area!! This Oceanfront Motel is currently being used as an Extended Stay and has an 85% occupancy rate. In its current state, it has been a family owned and operated Motel with very little advertising. There is opportunity for increased revenues as a Motel, through advertising, marketing and rebranding. This 28 unit Motel has a Manager's Quarters, lobby, full laundry area, Basement with tons of storage, space for on site laundry, and an Oceanfront Pool and Deck.
Details
| MLS# | 1074338 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1958 |
| Days On Site | 160 |
Features
| Story(s) | 1 |
|---|---|
| Units | 28 |
| Zoning | Other |
Market Activity 32118
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| Area Information | |
|---|---|
| State | FL |
| County | Volusia |
| City | Daytona Beach |
| Zip Code | 32118 |
| Area | 13 - Beachside, N of Dunlawton & S Silver |
| Listing VS Median (in 32118) | |
Price: $2,999,999 low | high Med: $174,400 On Site: 160 low | high Med: 483 | |
Listing Updated: January 17, 2021 11:22:03 PM PST
MLS Number: 1074338Listing Provided By:
Neshia Oglesby of Century 21 Sundance Realty