Ocean front 28 Rooms Daytona Beach Motel with seller Financing for sale!

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Motel Description: SELLER IS VERY MOTIVATED TO SELL & GOING TO RETIRE! Bring your offer!!! This is your chance to step into a business that’s already in motion.
** Average between $79 and $99 per night room charge. Major holidays: up to $349 per night, and weekly average: $399 per week for construction workers.

**Property Overview**: Presenting an exceptional opportunity to acquire the fee simple interest in the Atlantic Economy Inn, a charming 28-room boutique hotel located just off the beautiful South Atlantic Avenue in Daytona Beach, Florida.

**Prime Location**: Nestled in the thriving Daytona Beach Ormond Beach Metropolitan Area, home to over 660,000 residents, this property is ideally situated only an hour away from the vibrant city of Orlando. With the stunning beach directly across the street, guests have immediate access to sun, surf, and sand.

**Attraction Proximity**: Experience unparalleled access to some of the region’s most sought-after destinations, including the renowned Daytona International Speedway, Daytona Ice Arena, and the lively Daytona Beach Boardwalk, all just a short drive away.

**Investment Potential**: This is a unique chance to own a 28-room independent boutique hotel in a rapidly expanding market, where the availability of coastal hotels is increasingly limited. Don’t miss out on this golden opportunity to capitalize on a growing demand for accommodations in this popular vacation destination.

**Tourism Highlights**: With 23 miles of world-famous beach, Daytona Beach offers a perfect blend of exhilarating activities and peaceful days spent sunbathing and exploring. Visitors are flocking to this picturesque locale, eager to enjoy everything it has to offer.

**Market Dynamics**: With ongoing investments in the area, including new hotels, attractions, dining, and shopping options, now is the ideal time to dive into the Daytona Beach market.

**Financing Options**: The owner is open to financing possibilities, 25% Down Payment with 6.5% interest + Mortgage for 20 years of amortization making this investment even more accessible.

**Viewing Protocol**: Please respect the ongoing business operations; all showings must be accompanied by a Vip Shah to ensure the utmost professionalism and discretion. Take advantage of this remarkable opportunity to own a piece of paradise across Daytona Beach!

Contact Immediately Vip Commercial Team immediately, Jigar @ 347-644-8320 for more information!!!

State/County:
Country: United States
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Property Id : 23378

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20,000 ft2details

    We recommend rent

    Rental Income $32,498 / $389,976 Per Yr
    Investor Price $2,800,000
    Closing Costs to Buy $28,500 ( Estimated)
    Rehab Projection $150,000
    Utilities $43,735
    Property Insurance $14,132
    Estimated Taxes $8000
    Property Management $37348
    Maintenance $34,366

    $232,221

    Projected Income

    8.3%

    Estimated APY

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