This Hospitality Property is no longer advertised on LoopNet.com.

2240 S Atlantic Ave
Daytona Beach, FL 32118

Pineapple Shores · Hospitality Property For Sale · 5,035 SF

INVESTMENT HIGHLIGHTS

  • 13-Unit Short Term Rental Asset located near Daytona Beach's Largest Attractions
  • 8.34% Going-In Cap Rate With the Ability to Push into the low 9% Pro Forma Cap Rate Range Through an Operational Value-Add Plan
  • Located on Atlantic Avenue in the Heart of Daytona Beach, Directly Across the Street from The Atlantic Ocean
  • Concrete Block Construction Built in 1952 and Fully Renovated in 2022/2023
  • Extensive Unit Renovations Include White Shaker Cabinets, Vinyl Plank Flooring, Fully Renovated Bathrooms, Upgraded Lighting, Fully Furnished, etc.
  • "Daytona Beach is expected to have 17.5% Population Growth over the next Ten-Year Period" – US Census Bureau

PROPERTY FACTS

Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 0.44 AC
Building Size 5,035 SF
No. Stories 1
Year Built/Renovated 1954/2022
Tenancy Single
Parking Ratio 3.18/1,000 SF
Corridor Exterior
Cross Streets SR A-1-A

AMENITIES

  • High Speed Internet Access
  • Public Access Wifi

PROPERTY TAXES

ZONING

Zoning Code Motel (Hotel Motel)
  • Listing ID: 29501607

  • Date on Market: 9/12/2023

  • Last Updated:

  • Address: 2240 S Atlantic Ave, Daytona Beach, FL 32118