3,800 SqFt
3,800 SqFt
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
An exceptional opportunity to acquire a well-established hospitality property in the heart of the Daytona Beach market. Located along highly traveled Ridgewood Avenue/US-1 in Holly Hill, the Indian Palm Motel offers an attractive combination of established operations, recurring income, excellent visibility, and future potential.
Situated on approximately 0.56 acres, the property features 14 income-producing guest units, an on-site office, coin-operated guest laundry facilities, and 15 dedicated parking spaces. The manageable size and straightforward layout create an efficient operation that can appeal to both experienced hospitality operators and investors looking for an accessible entry into the motel business.
One of the property's key advantages is its established demand and year-round occupancy, supported by its strategic location within the Daytona Beach tourism and commercial corridor. With prominent frontage and visibility along US-1, the property benefits from strong drive-by exposure and convenient accessibility for both local and visiting guests. The Indian Palm Motel is ideally positioned just approximately 3 miles from the Daytona Beach shoreline and approximately 5 miles from Daytona International Speedway, placing guests within easy reach of two of the area's most recognizable attractions. The surrounding market benefits from tourism, seasonal travel, major events, local business activity, and continued residential and commercial growth. The property has a long history of serving the Daytona Beach-area lodging market. Today, it offers an investor the opportunity to acquire not just real estate, but an operating hospitality business with an established customer base and existing income stream. Whether your strategy is to operate the property as an established motel, improve and reposition the asset, or explore its longer-term development potential, the Indian Palm Motel offers multiple avenues to create value.
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
Nearby Locations
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