$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 TypeFor Sale
Sub-TypeResale
StatusActive
Year1958
Days On Site160

Features

Story(s)1
Units28
ZoningOther

Market Activity 32118

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Area Information
StateFL
CountyVolusia
CityDaytona Beach
Zip Code32118
Area13 - Beachside, N of Dunlawton & S Silver
Listing VS Median (in 32118)
Price:
$2,999,999
low | high
Med:
$174,400
100% of Average
On Site:
160
low | high
Med:
483
33.126293995859% of Average
Listing Updated: January 17, 2021 11:22:03 PM PST
Neshia Oglesby LogoMLS Number: 1074338
Listing Provided By:
Neshia Oglesby  of  Century 21 Sundance Realty
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Daytona Beach Board of Realtors.