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$ 4,500,000
Est. payment | /mo
8,350 SqFt
$ 4,500,000
Est. payment | /mo
8,350 SqFt
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 8,350 sqft
Price per Sqft $538
MLS Listing ID 1231209
Year Built 1952
Annual Tax Amount $10,300
Lot Size 0.630 Acres
Lot Dimensions 0.63
Property Sub-Type Hotel/Motel
Source Daytona Beach Area Association of REALTORS®
Property Description
Rare opportunity to acquire a two-property mixed-use package in Ormond-by-the-Sea, offered together as one sale. The package includes the 20-unit motel at 1732 Ocean Shore Blvd and the adjacent retail and apartment property at 1740 Ocean Shore Blvd. The motel currently has 16 of 20 units occupied, with four vacant (80% occupancy). The 1740 property features six retail spaces and six apartments above: 3-1/1, 2-2/1, and 1-3/1. Retail uses include a surf shop, barbershop, smoothie shop, dance studio, massage therapist, and coffee shop. A distinctive coastal investment combining hospitality, retail, and residential uses in one offering.
Location
State FL
County Volusia
Direction From Granada Boulevard, head north on Ocean Shore Boulevard. The property is on Ocean Shore Boulevard in Ormond-by-the-Sea.
Exterior
Parking Features Parking Lot
Waterfront Description Ocean Front
Building
Lot Description Irregular Lot
Others
Senior Community No
Tax ID 3241-07-01-0010
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by EXP Realty LLC
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William Dailey