Atlantic Economy Inn

27 Room Hotel | Daytona Beach, FL 32118 | $2,800,000 ($103,704/Room) | 7.79% Cap Rate

Asking Price $2,800,000

Property Type: Hospitality
Square Feet: 10,089 SF

Listing Contacts

Terry Sitaram

Verified Profile

Property Info

Property Overview

Terry Sitaram of Realty Pros Commercial has been exclusively retained to offer for sale the fee simple interest in the 25-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 25-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:

Property Details

Class: C
Year Built/Renovated: 1953/2020
Stories: 1
Property Subtype: Hotel
Lot Size (sq. ft): 32,234 SF
Units: 27

Highlights

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

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