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2240 S Atlantic Ave
Daytona Beach, FL 32118
Pineapple Shores · Hospitality Property For Sale
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5,035 SF
Investment Highlights
- 13-Unit Short Term Rental Asset located near Daytona Beach's Largest Attractions
- 8.34% Going-In Cap Rate With the Ability to Push into the low 9% Pro Forma Cap Rate Range Through an Operational Value-Add Plan
- Located on Atlantic Avenue in the Heart of Daytona Beach, Directly Across the Street from The Atlantic Ocean
- Concrete Block Construction Built in 1952 and Fully Renovated in 2022/2023
- Extensive Unit Renovations Include White Shaker Cabinets, Vinyl Plank Flooring, Fully Renovated Bathrooms, Upgraded Lighting, Fully Furnished, etc.
- "Daytona Beach is expected to have 17.5% Population Growth over the next Ten-Year Period" – US Census Bureau
Property Facts
| Property Type | Hospitality | Year Built/Renovated | 1954/2022 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | C | Parking Ratio | 3.18/1,000 SF |
| Lot Size | 0.44 AC | Corridor | Exterior |
| Building Size | 5,035 SF | Cross Streets | SR A-1-A |
| No. Stories | 1 | ||
| Zoning | Motel - Hotel Motel | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.44 AC |
| Building Size | 5,035 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1954/2022 |
| Tenancy | Single |
| Parking Ratio | 3.18/1,000 SF |
| Corridor | Exterior |
| Cross Streets | SR A-1-A |
| Zoning | Motel - Hotel Motel |
Amenities
- High Speed Internet Access
- Public Access Wifi
Property Taxes
| Parcel Number | 5322-01-00-0057 | Improvements Assessment | $465,623 |
| Land Assessment | $267,344 | Total Assessment | $732,967 |
Property Taxes
Parcel Number
5322-01-00-0057
Land Assessment
$267,344
Improvements Assessment
$465,623
Total Assessment
$732,967
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