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Wade M. Berlin

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828 Ridgewood Avenue
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PRICED AT ONLY: $1,299,000

Address: 828 Ridgewood Avenue, DAYTONA BEACH, FL 32117

Description

Fantastic investment opportunity on Ridgewood Avenue in Holly Hill/Daytona Beach! The In dian Palm Motel is a well established hospitality property featuring 14 income producing units, an on site office, coin operated laundry facilities for guests, and 16 dedicated parking spaces on a 0.56 acre parcel. With excellent frontage and visibility along busy US 1, this motel enjoys an impressive year round occupancy rate, making it a strong and reliable cash flowing asset. Originally built in 1946, the property has operated successfully for decades and continues to benefit from steady demand from both local and tourist markets. Its convenient layout, manageable size, and built in amenities provide an easy to operate business model that appeals to both seasoned hospitality operators and first time investors seeking an accessible entry point into the motel business. The location is a standout feature: just 5 miles from the world famous Daytona International Speedway and less than 3 miles from the Daytona Beach shoreline, this property attracts year round visitors, seasonal travelers, and event driven demand. Ridgewood Avenue/US 1 is one of Volusia Countys busiest commercial corridors, ensuring high traffic counts, strong visibility, and easy access for guests. For investors, the site offers not only a proven operating business but also future upside. The 0.56 acre lot provides potential for improvements, repositioning, or even redevelopment to maximize returns in a thriving market that continues to grow with tourism, residential, and commercial development. Whether you are seeking a stable income generating hospitality property or a site with long term development potential, the In dian Palm Motel presents a unique opportunity in one of Floridas most active coastal markets.
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  • MLS#: O6338499 ( Commercial Sale )
  • Street Address: 828 Ridgewood Avenue
  • Viewed: 32
  • Price: $1,299,000
  • Price sqft: $329
  • Waterfront: No
  • Year Built: 1946
  • Bldg sqft: 3950
  • Days On Market: 26
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Living Area: 3800.00
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Utilities
  • Carport Spaces: 0.00
  • Cooling: Wall/Window Unit(s)
  • Road Frontage Type: Other
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Other Features
  • Country: US
  • Legal Description: LOT 4 EXC N 8.99 FT SUB LOT 1 BLK 8 M & C HOLLY HILL MB 2 PG 154 PER OR 3728 PG 0816 PER OR 5336 PG 4738 PER OR 7147 PG 4741 PER OR 8168 PG 1353 PER OR 8440 PG 3620
  • Area Major: 32117 - Daytona Beach
  • Parcel Number: 5337-41-01-0040
  • Possession: Close Of Escrow
  • Views: 32
  • Zoning Code: 09B4
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Details for 501 Ridgewood Avenue, DAYTONA BEACH, FL 32117
$1,250,000.00 ($117.07 / sqft )

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  1. MLSID: V4943993
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Wade M. Berlin