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Atlantic Economy Inn 808 S Atlantic Ave

27 Room Hotel Daytona Beach, FL 32118 $3,937,920 CAD ($145,849 CAD/Room) 7.79% Cap Rate

Investment Highlights

  • Beach Front with Owner-Operator Opportunity or off site operation
  • Traffic (AADT) Count Of Over 14,000 Vehicles Per Day
  • Excellent investment Opportunity For seasoned Hotel Owner or conversion to Boutoque motel

Executive Summary

Terry Sitaram of Realty Pros Commercial has been exclusively retained to offer for sale the fee simple interest in the 28-room Atlantic Economy Inn located off of South Atlantic Avenue in Daytona Beach, Florida. Daytona Beach is part of the fast-growing Daytona Beach - Ormond Beach Metro Area (MSA), with a population exceeding 660,000. Daytona Beach is part of Volusia County and is located an hour away from the city of Orlando. The hotel is directly across the street from the beach. It is a short drive from major demand drivers such as the Daytona International Speedway, Daytona Ice Arena, and Daytona Beach Boardwalk, amongst others. The Atlantic Economy Inn offers investors the opportunity to acquire a 28-room, independent, boutique hotel in a growing market and rapidly expanding location within Florida, where the availability of hotels near the coast is limited. From endless activities to calm, quiet days spent sunbathing and beachcombing, visitors are finding just what they're looking for in a Florida vacation along the 23 miles of world-famous iconic shores of Daytona Beach. With area investments in progress and more hotel, attraction, dining, and shopping options than ever, now is the perfect time to (re)experience all that Daytona Beach has to offer, including these new developments:

Financial Summary (Pro forma - 2024) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2024) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual $99,999
Annual Per SF $9.99
Vacancy Loss (CAD)
Annual $99,999
Annual Per SF $9.99
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $3,937,920 CAD
Price Per Room $145,849 CAD
Sale Type Investment
Cap Rate 7.79%
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 0.74 AC
Building Size 10,089 SF
No. Rooms 27
No. Stories 1
Year Built/Renovated 1953/2020
Parking Ratio 2.58/1,000 SF
Corridor Exterior

Amenities

  • Pool
  • High Speed Internet Access
  • Patio
  • Public Access Wifi

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 27 $115.32 CAD -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5309-26-02-0010
Land Assessment
$392,507 CAD
Improvements Assessment
$466,098 CAD
Total Assessment
$858,605 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024

zoning

Zoning Code T4 (RDB5 Daytons Beachside Redevelopment zone, Tourist District)
T4 (RDB5 Daytons Beachside Redevelopment zone, Tourist District)
  • Listing ID: 32557392

  • Date on Market: 2024-07-23

  • Last Updated:

  • Address: 808 S Atlantic Ave, Daytona Beach, FL 32118

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