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Sherry Shaheen

sherry.shaheen@engelvoelkers.com +1(352) 455-0712

$ 1,199,000

Est. payment -/mo

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Active

828 RIDGEWOOD AVE Holly Hill, FL 32117

3,800 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Active

Purchase Type For Sale

Square Footage 3,800 sqft

Price per Sqft $315

Subdivision Toll & Williams Lt 01 Blk M & C Holly Hill

MLS Listing ID O6443334

HOA Y/N No

Year Built 1946

Annual Tax Amount $6,621

Lot Size 0.560 Acres

Acres 0.56

Lot Dimensions 90x272

Property Sub-Type Hotel/Motel

Source Stellar MLS

Property 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 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.

Location

State FL

County Volusia

Community Toll & Williams Lt 01 Blk M & C Holly Hill

Area 32117 - Daytona Beach

Zoning 09B4

Interior

Cooling Wall/Window Unit(s)

Exterior

Utilities Available Public

View Y/N No

Water Access No

Exposure East

Building

Story 1

Foundation Slab

Lot Size Range 1/2 to less than 1

Sewer Public Sewer

Water Public

Structure Type Block

New Construction false

Others

Ownership Fee Simple

Acceptable Financing Cash, Commercial Financing

Listing Terms Cash, Commercial Financing

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6443334

Listed by Sulamita Del Valle JUPITER PROPERTIES, INC

NEARBY SCHOOLS & PROPERTIES

MORTGAGE CALCULATOR

Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.

Sherry Shaheen

Real Estate Advisor License ID: SL3517451

+1(352) 455-0712

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