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$1,399,000
Est. payment /mo
14 Baths
3,950 SqFt
UPDATED:
02/19/2025 04:15 AM
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 3,950 sqft
Price per Sqft $354
MLS Listing ID 1209603
Originating Board Daytona Beach Area Association of REALTORS®
Year Built 1946
Annual Tax Amount $6,228
Lot Size 0.560 Acres
Lot Dimensions 0.56
Property Sub-Type Hotel/Motel
Property Description
Indian Palms motel off US1.
14 units
16 Parking spots
Office space.
Coin op laundry on site
Property sits on over a half-acre
Has a Maintenance Person that stays in one of the units
Turnkey Operation
211k Gross Income
170k Net Income
12.5% Cap Rate
14 units
16 Parking spots
Office space.
Coin op laundry on site
Property sits on over a half-acre
Has a Maintenance Person that stays in one of the units
Turnkey Operation
211k Gross Income
170k Net Income
12.5% Cap Rate
Location
State FL
County Volusia
Direction Head south on US1 from W Granada Blvd. Property is on the right.
Interior
Cooling Wall/Window Unit(s), Ceiling Fan(s)
Exterior
Parking Features Parking Lot
Building
Lot Description Few Trees
Water Public
Structure Type Block
Others
Senior Community No
Tax ID 533741010040
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Align Right Realty Horizons