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1700 Atlantic AVE Daytona Beach, FL 32118
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Key Details
Sold Price $1,600,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
Square Footage 6,906 sqft
Price per Sqft $231
MLS Listing ID 1089785
Sold Date 01/18/22
Year Built 1966
Annual Tax Amount $9,629
Lot Size 0.380 Acres
Lot Dimensions 0.38
Property Sub-Type Business
Source Daytona Beach Area Association of REALTORS®
Property Description
Studio One Motel, located directly across the street from the ocean consisting of 16 renovated Suites. Eight of these suites have a separate full kitchen as these are the luxury suites with the remainder having a kitchenette in the room. This property as you can see has been completely renovated and has a long term history of great revenue and high occupancy. As pricing of multifamily properties on the beach side continue to increase in the 150k plus range per unit, the other possibility for this investment would be to operate this property as long term multi- family property as an investment at 100k per unit, directly on A1A across the street from the ocean. There is a coin operated washer dryer on the premises along with a private BBQ patio. The Gross Income & NOI referenced in this listing is projected for 2022.As always all of this information deemed to be true and not guaranteed and must be verified by the potential buyer.
Location
State FL
County Volusia
Direction From Silver Beach & A1A (Atlantic Ave), head South on A1A, along the ocean, property down on right.
Interior
Cooling Wall/Window Unit(s)
Exterior
Utilities Available Separate Electric Meters, Separate Water Meters
Building
Water Public
Structure Type Block,Concrete
Others
Senior Community No
Tax ID 5316-02-00-1640
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