Regal Inn | 1020 S Ridgewood Ave
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Regal Inn 1020 S Ridgewood Ave
18 Room Hotel Daytona Beach, FL 32114 £2,269,105 (£126,061/Room) 8% Net Initial Yield
Investment Highlights
- Strong repeat guest base
Executive Summary
17-Bedroom Motel with On-Site Apartment on US-1, Daytona Beach -
Located on the high-visibility corridor of US-1 in Daytona Beach, this 17-bedroom motel offers convenience and accessibility for both visitors and operators. The property also includes a separate on-site apartment, approximately 1,000 sqft, ideal for a live-in owner or manager.
Key Features:
Renovations: Upgrades completed in 2019 including new roof.
Current Operations: Only 15 of the 17 units are rented at any time, as the owner reserves 2 units for personal use. The on-site apartment is also not rented.
Value-Add Potential: Immediate opportunities exist to increase revenue by renting the additional units and maximizing the property’s use.
Parking: Ample on-site parking accommodates guests comfortably.
This property represents a solid investment opportunity, offering flexibility for continued motel operations or other potential uses. Its location along US-1 provides strong visibility and accessibility in an area known for steady traffic and tourism.
More photos available upon request.
Located on the high-visibility corridor of US-1 in Daytona Beach, this 17-bedroom motel offers convenience and accessibility for both visitors and operators. The property also includes a separate on-site apartment, approximately 1,000 sqft, ideal for a live-in owner or manager.
Key Features:
Renovations: Upgrades completed in 2019 including new roof.
Current Operations: Only 15 of the 17 units are rented at any time, as the owner reserves 2 units for personal use. The on-site apartment is also not rented.
Value-Add Potential: Immediate opportunities exist to increase revenue by renting the additional units and maximizing the property’s use.
Parking: Ample on-site parking accommodates guests comfortably.
This property represents a solid investment opportunity, offering flexibility for continued motel operations or other potential uses. Its location along US-1 provides strong visibility and accessibility in an area known for steady traffic and tourism.
More photos available upon request.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £2,269,105 | Lot Size | 0.95 AC |
| Price Per Room | £126,061 | Building Size | 8,002 SF |
| Sale Type | Investment | No. Rooms | 18 |
| Net Initial Yield | 8% | Number of Floors | 1 |
| Property Type | Hospitality | Year Built/Renovated | 1953/2019 |
| Property Subtype | Hotel | Parking Ratio | 2.5/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Price | £2,269,105 |
| Price Per Room | £126,061 |
| Sale Type | Investment |
| Net Initial Yield | 8% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.95 AC |
| Building Size | 8,002 SF |
| No. Rooms | 18 |
| Number of Floors | 1 |
| Year Built/Renovated | 1953/2019 |
| Parking Ratio | 2.5/1,000 SF |
| Corridor | Exterior |
Amenities
- High Speed Internet Access
- Public Access Wi-Fi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 18 | £70.42 | - |
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PROPERTY TAXES
| Parcel Number | 5340-05-03-0030 | Total Assessment | £280,122 |
| Land Assessment | £103,283 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £176,838 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
5340-05-03-0030
Land Assessment
£103,283
Improvements Assessment
£176,838
Total Assessment
£280,122
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
zoning
| Zoning Code | 02T3 (zone T2 opportunity zone.) |
| 02T3 (zone T2 opportunity zone.) |
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Regal Inn | 1020 S Ridgewood Ave
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