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828 Ridgewood Ave
Daytona Beach, FL 32117
Indian Palms Motel · Hospitality Property For Sale
·
14 Rooms
INVESTMENT HIGHLIGHTS
- Prime US-1 / Ridgewood Avenue Frontage – Excellent visibility and access along one of Volusia County’s busiest commercial corridors
- Convenient Guest Access – Easy connectivity to I-95, I-4, and surrounding retail, dining, and entertainment
- Infill Location with Upside – Large 0.56-acre parcel offers long-term potential in a supply-constrained corridor
- Minutes to Major Destinations – Approximately 5 miles to Daytona International Speedway and under 3 miles to Daytona Beach
- Growing Area – Surrounded by ongoing residential, commercial, and hospitality development
EXECUTIVE SUMMARY
Fantastic investment opportunity on Ridgewood Avenue in Holly Hill/Daytona Beach! The Indian Palm Motel is a well-established hospitality property featuring 14 income-producing units, an on-site office, coin-operated laundry facilities, and 16 dedicated parking spaces on a 0.56-acre parcel. With excellent frontage and visibility along busy US-1, this motel enjoys an impressive year-round occupancy rate, making it a strong and reliable cash-flowing asset. The location is a standout feature: just 5 miles from the world-famous Daytona International Speedway and less than 3 miles from the Daytona Beach shoreline. Ridgewood Avenue/US-1 is one of Volusia County’s busiest commercial corridors, ensuring high traffic counts, strong visibility, and easy access for guests. For investors, the site offers not only a proven operating business but also future upside. The 0.56-acre lot provides potential for improvements, repositioning, or even redevelopment to maximize returns in a thriving market that continues to grow with tourism, residential, and commercial development.
PROPERTY FACTS
| Price Per Room | $92,786 | No. Rooms | 14 |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Hospitality | Year Built/Renovated | 1946/1981 |
| Property Subtype | Hotel | Parking Ratio | 4.1/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.48 AC | Opportunity Zone |
Yes
|
| Building Size | 3,900 SF | ||
| Zoning | CC-1 - https://library.municode.com/fl/holly_hill/codes/code_of_ordinances?nodeId=PTIICOOR_CH114ZO_ARTIIDIRE_DIV12COCODI | ||
| Price Per Room | $92,786 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.48 AC |
| Building Size | 3,900 SF |
| No. Rooms | 14 |
| No. Stories | 1 |
| Year Built/Renovated | 1946/1981 |
| Parking Ratio | 4.1/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | CC-1 - https://library.municode.com/fl/holly_hill/codes/code_of_ordinances?nodeId=PTIICOOR_CH114ZO_ARTIIDIRE_DIV12COCODI |
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 14 | $77.00 | - |
PROPERTY TAXES
| Parcel Number | 5337-41-01-0040 | Improvements Assessment | $278,382 |
| Land Assessment | $132,192 | Total Assessment | $410,574 |
PROPERTY TAXES
Parcel Number
5337-41-01-0040
Land Assessment
$132,192
Improvements Assessment
$278,382
Total Assessment
$410,574
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