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
PROPERTY TAXES
Parcel Number
5322-01-00-0057
Improvements Assessment
$451,107
Land Assessment
$267,344
Total Assessment
$718,451
ZONING
Zoning Code
Motel (Hotel Motel)