828 Ridgewood Avenue
Holly Hill, FL 32117

Listed at $1,199,000

Details

  • MLS# O6443334
  • Commercial -
  • Status Active
  • 0 Bedrooms
  • Bathrooms
  • 3,950 Square Feet
  • 0.560 acres
  • Built in 1946
  • Local Schools

Description

Rare opportunity to acquire the Indian Palm Motel, a well-established 14-unit motel offering an attractive approximately 15% cap rate, strong existing cash flow, and significant upside potential. This is a true income-producing asset where the right owner/operator may be able to increase revenue and profitability through improved management, marketing, pricing, and targeted property enhancements.Situated on approximately 0.56 acres along highly traveled Ridgewood Avenue/US-1 in Holly Hill, the property offers excellent visibility and accessibility, with 14 guest units, on-site office, coin-operated laundry, and 15 dedicated parking spaces.Located...read more approximately 3 miles from Daytona Beach and 5 miles from Daytona International Speedway, the motel benefits from year-round tourism, major events, seasonal travel, local business activity, and the continued growth of the Daytona Beach market.The property has an established operating history and recurring demand, providing an investor with immediate cash flow and multiple opportunities to create additional value. A new owner who brings strong hospitality management and a proactive operating strategy could potentially push NOI and returns well beyond the current performance.Strong yield, established income, prime location, and substantial value-add potential make the Indian Palm Motel an exceptional opportunity for an investor seeking a high-performing hospitality asset with room to grow.

Features

  • Wall/Window Unit(s)
  • 1.0 Story
  • $6,621 Taxes
  • Public
  • Built in 1946
View All Features

Contact the Agent

Contact the Listing Agent
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All Property Features

  • Property Type: Commercial -
  • Cooling: Wall/Window Unit(s)
  • Days on Site: 16
  • Directions: From I-95 North toward Jacksonville. Merge onto I-95 North and continue for 5.3 miles, then take Exit 265 for LPGA Boulevard. Turn right onto LPGA Boulevard and travel 4.3 miles to reach US-1/Ridgewood Avenue. Turn right onto Ridgewood Avenue and continue
  • Exterior: Block
  • Flood Zone Code: X
  • Foundation: Slab
  • Home Warranty Y/N: No
  • Listing Terms: Cash, Commercial Financing
  • Lot Dimensions: 0.56
  • Lot Size: 0.56 Acres
  • Ownership: Fee Simple
  • Property Attached Y/N: No
  • Property Sub-Type: Hotel/Motel
  • Sale Includes: Furniture/Fixtures
  • Sewer: Public Sewer
  • Showing Instructions: Call Listing Agent
  • Special Sale Provisions: None
  • Stories: 1.0
  • Taxes: $6,621
  • Utilities: Public
  • Water: Public
  • Water Access Y/N: No
  • Year Built: 1946
  • Zoning: 09B4