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Listing provided courtesy of Keyes Company - MLS#MFRNS1071273MLS Provider

518 S Atlantic AVENUEDAYTONA BEACH, FL 32118

Commercial · 2,649 Sq. ft.

$1,700,000 Active

Overview

Time on Site:
8 days
Visits:
0

Great investment opportunity on a turnkey operational motel along A1A. This 8-unit motel WITH A NEW,POST-HURRICANE ROOF and SOME ROOM RENOVATIONS is located at the corner of South Atlantic Ave (A1A) and Braddock Ave. in Daytona Beach Fl, just across from beachfront Sunsplash Park. Walking distance to some of the best local casual dining, as well as just blocks from the busy A1A nightlife action. Located in the City's T-2 tourism zone, there are other potential uses for the property. This 1952 vintage motel has been well cared for. All room furniture, maintenance and cleaning equipment included in transaction. This is the perfect seasonal rental and special events location and has an owner's/manager's suite/office attached. All information believed to be accurate based upon Property Appraiser info. ;Water: City

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Facts & Features

  • Type Commercial
  • Sq. ft. 2,649
  • Price/Sq.ft. $641

General

Income/Expenses
  • Gross Income: 60000
Listing Information
  • Transaction Broker Compensation: 2.5
Building Information
  • Year Built: 1952
Business Information
  • Business Type: Hotel/Motel,Other
Location/Region
  • Country: US
  • County Or Parish: Volusia
Community/Development
  • Community Features: Curbs,Sidewalks
General Information
  • Parcel Number: 5309-18-00-0280
  • Property Sub Type: Other
  • Property Type: Commercial Sale
  • Special Listing Conditions: None
  • Zoning: 3900

Interior

Beds/Baths
  • Bathrooms Total: 0
Building Interior
  • Building Area Total: 2649
General Information
  • Appliances: Electric Water Heater
  • Cooling: Wall/Window Unit(s)
  • Electric: Other
  • Heating: Wall Units / Window Unit
  • Stories Total: 1

Exterior

Lot Information
  • Lot Features: City Limits
  • Lot Size Dimensions: 100x60
  • Water Source: See Remarks
Building Exterior/Construction
  • Construction Materials: Concrete
  • Roof: Other
General Information
  • Exterior Features: Irrigation System
  • Sewer: Public Sewer

Neighborhood

Community

32118 (DAYTONA BEACH) Demographics
56
Median Age
1,997
Population Density (per sq. mile)
41%
College Educated
$43,385
Estimated Median Income
5,456
Estimated Total Home Owners
3,655
Estimated Total Renters
60% / 40%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

Elementary Schools
2
Public
Ortona Elementary School
  • Grades: PK - 5
  • Enrollment: 213
3
Public
R. J. Longstreet Elementary School
  • Grades: PK - 5
  • Enrollment: 417
Middle Schools
High Schools
3
Public
Seabreeze High School
  • Grades: 9 - 12 /
  • Enrollment: 1,551
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

Monthly Cost

$
$ %
%
$
$
* Assumes 7.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Market Data

Based on the last 30 days in this zip code

$494,529
Median Sales Price
$321
Median Price per Square Foot
0
Properties Sold
80
New on Market
59
Average Days on Market
194
Properties for Sale
Calculations provided by Reliance Network

History

Date Event Value Agent
11/20/2023Source: My Florida Regional MLS Added to Database
November 20, 2023