3221 & 3222 S Atlantic

Hospitality for Sale
Catylist Listing ID: 30627310
Property Subtypes: Motel
Number of Units: 18 Units
Building Size (RSF): 10,955 SF
Gross Building Area: See Agent
Gross Land Area: 0.69 Acres
Sale Price: $3,100,000
Unit Price: $172,222.22 Per Unit
Property Use Type: Investment, Business
Name of Establishment: Daytona Shores Inn & Suites
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 10/19/2021

Overview / Comments

Oceanfront property. This offering is for the combined property of 3221 and 3222 South Atlantic Ave. High visibility on the main thoroughfare. 3221 is an oceanfront complex with 50' of beachfront, pool with brick paver deck, consisting of 10 units total inclusive of owners quarters. 3222 is directly across the street and consists of 8 rooms in total. The combined 18 rooms are a mix of standard rooms plus 1 and 2 bedroom suites. All 18 rooms have kitchenettes that include a stove, fridge, microwave, and sink. New management in place resulting in year growth with room for further increased revenues. Scooter partnerships in place; vending machines and coin laundry in the works. Walk to restaurants

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Additional Details

Nearest MSA: Deltona-Daytona Beach-Ormond Beach
County: Volusia
Tax ID/APN: 533501020010
Retail Clientele: General, Family, Traveler, Tourist
Property Visibility: Good
Site Description: 50' oceanfront
Total Number of Buildings: 3
Property Condition: Good
Water Recreation: Outdoor Pool, Other
Parking Type: Surface
Laundry: Laundromat Nearby
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,300 40,930 111,191
Median Age: 62.56 47.79 45.36
Households: 2,367 19,675 50,923


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