Atlantic Economy Inn | 808 S Atlantic Ave
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Atlantic Economy Inn 808 S Atlantic Ave
27 Room Hotel Daytona Beach, FL 32118 £2,190,860 (£81,143/Room) 7.79% Net Initial Yield
Investment Highlights
- Beach Front with Owner-Operator Opportunity or off site operation
- Traffic (AADT) Count Of Over 14,000 Vehicles Per Day
- Excellent investment Opportunity For seasoned Hotel Owner or conversion to Boutoque motel
Executive Summary
Terry Sitaram of Realty Pros Commercial has been exclusively retained to offer for sale the fee simple interest in the 28-room Atlantic Economy Inn located off of South Atlantic Avenue in Daytona Beach, Florida. Daytona Beach is part of the fast-growing Daytona Beach - Ormond Beach Metro Area (MSA), with a population exceeding 660,000. Daytona Beach is part of Volusia County and is located an hour away from the city of Orlando. The hotel is directly across the street from the beach. It is a short drive from major demand drivers such as the Daytona International Speedway, Daytona Ice Arena, and Daytona Beach Boardwalk, amongst others. The Atlantic Economy Inn offers investors the opportunity to acquire a 28-room, independent, boutique hotel in a growing market and rapidly expanding location within Florida, where the availability of hotels near the coast is limited. From endless activities to calm, quiet days spent sunbathing and beachcombing, visitors are finding just what they're looking for in a Florida vacation along the 23 miles of world-famous iconic shores of Daytona Beach. With area investments in progress and more hotel, attraction, dining, and shopping options than ever, now is the perfect time to (re)experience all that Daytona Beach has to offer, including these new developments:
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| 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 | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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 | £2,190,860 | Lot Size | 0.74 AC |
| Price Per Room | £81,143 | Building Size | 10,089 SF |
| Sale Type | Investment | No. Rooms | 27 |
| Net Initial Yield | 7.79% | Number of Floors | 1 |
| Property Type | Hospitality | Year Built/Renovated | 1953/2020 |
| Property Subtype | Hotel | Parking Ratio | 2.58/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Price | £2,190,860 |
| Price Per Room | £81,143 |
| Sale Type | Investment |
| Net Initial Yield | 7.79% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.74 AC |
| Building Size | 10,089 SF |
| No. Rooms | 27 |
| Number of Floors | 1 |
| Year Built/Renovated | 1953/2020 |
| Parking Ratio | 2.58/1,000 SF |
| Corridor | Exterior |
Amenities
- Pool
- High Speed Internet Access
- Patio
- Public Access Wi-Fi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 27 | £64.16 | - |
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PROPERTY TAXES
| Parcel Number | 5309-26-02-0010 | Total Assessment | £509,484 |
| Land Assessment | £232,908 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £276,576 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
5309-26-02-0010
Land Assessment
£232,908
Improvements Assessment
£276,576
Total Assessment
£509,484
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
zoning
| Zoning Code | T4 (RDB5 Daytons Beachside Redevelopment zone, Tourist District) |
| T4 (RDB5 Daytons Beachside Redevelopment zone, Tourist District) |
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Atlantic Economy Inn | 808 S Atlantic Ave
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