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Income-Producing Hospitality Portfolio With Highway US-1 Frontage
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Auction #
504-1 -
Interior Space:
± 16,021 SF -
Lot Size:
±2.12 acres -
Transaction Fee:
4% (Min $25,000) -
Broker1%
Co-op:
Income-Producing Hospitality Portfolio With Highway US-1 Frontage
Hospitality Property For Sale in Daytona Beach, FL
404 S Ridgewood Ave, Daytona Beach, FL 32114Rare opportunity to own an income-producing hospitality portfolio in world-renowned Daytona Beach. This property is located on the historic US-1 and 5 minutes away from the beach, making it a popular destination spot. Completely renovated in 2021 this portfolio has been converted into a popular short-term/vacation rental plaza. The crown jewel is an 8,000 SF Queen Anne Victorian beauty boasting 11 rentable rooms and 5 bathrooms. This Victorian gem also includes two rentable apartments. Next is the 7,000 SF renovated co-living complex with 13 rentable bedrooms and 4 bathrooms. Finally, the portfolio includes an income-producing 4-bed x 1-bath single-family residence. The properties benefit from recent leases with PadSplit - the largest co-living marketplace in the US.
Investment Highlights:
- Income-producing portfolio including:
- 8,000 SF fully renovated Historic Victorian home
- 11 bedrooms x 5 bathrooms
- Two (2) basement apartments
- 2 beds x 1 bath
- 1 bed x 1 bath
- Washer & dryer on the first floor
- 7,000 SF renovated co-living apartments
- 13 bedrooms x 4 bathrooms
- Two (2) stackable washer and dryer in basement
- 1,021 SF renovated SFR
- 4 bedrooms x 1 bathroom
- Three (3) adjacent land parcels zoned T-2
- Lot 1 (0.24 AC)
- Lot 2 (5,500 SF)
- Lot 3 (6,270 SF)
Location Highlights:
- Strategically located with 164 feet of prime frontage on the US-1 highway
- Five (5) minutes away from the world-renowned Daytona Beach pier and boardwalk amusements
- Ten (10) minutes away from the Daytona Beach International Airport
- Ten (10) minutes away from the Daytona International Speedway
- Twenty (20) minutes away from the LPGA International Speedway
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Property Viewing
If you would like to visit this property or any other property in this auction event, you are required to execute and electronically submit a Temporary Access Agreement.
If you visit this property or any other property without first executing a Temporary Access Agreement, you will be trespassing. Please don’t trespass on any properties.
Start Temporary Access AgreementFinancing
This is an Auction Plus event in which a financing contingency is permitted. On the bid form you will be asked to include financing details.
For further details about Financing, please read the Terms and Conditions of Sale located in the Documents section or contact the FRE.com Support Team.
Broker of Record for this property: JDS Real Estate Services, Inc.
All information contained on this website or otherwise communicated, is from sources deemed reliable, but has not been verified for accuracy or completeness, or suitability for any particular purpose. It is presented "as is," and is not warranted or guaranteed by the Seller or its agents including but not limited to the Listing Broker, LFC Communications, Inc. and LFC Marketing Services, Inc. Buyers shall rely entirely on their own judgment, research and inspection of the asset, and are encouraged to independently verify information and to consult with appropriate legal, financial and other advisors and real estate specialists.
Conditions may be included with your bid
How to Bid
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6Winner is DeclaredBuyer deposits purchase funds, and closing coordinator assists Buyer and Seller with final paperwork.
ADD PROPERTY TO FAVORITES
Conditions may be included with your bid
Daytona Beach, FL 32114
Conditions may be included with your bid
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Volusia County
Daytona Beach, FL -
Property Type: Commercial Property
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Interior Space: ± 16,021 SF
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Lot Size: ±2.12 acres
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Transaction Fee: 4% (Min $25,000)
-
Broker Co-op: 1.00%
Rare opportunity to own an income-producing hospitality portfolio in world-renowned Daytona Beach. This property is located on the historic US-1 and 5 minutes away from the beach, making it a popular destination spot. Completely renovated in 2021 this portfolio has been converted into a popular short-term/vacation rental plaza. The crown jewel is an 8,000 SF Queen Anne Victorian beauty boasting 11 rentable rooms and 5 bathrooms. This Victorian gem also includes two rentable apartments. Next is the 7,000 SF renovated co-living complex with 13 rentable bedrooms and 4 bathrooms. Finally, the portfolio includes an income-producing 4-bed x 1-bath single-family residence. The properties benefit from recent leases with PadSplit - the largest co-living marketplace in the US.
Investment Highlights:
- Income-producing portfolio including:
- 8,000 SF fully renovated Historic Victorian home
- 11 bedrooms x 5 bathrooms
- Two (2) basement apartments
- 2 beds x 1 bath
- 1 bed x 1 bath
- Washer & dryer on the first floor
- 7,000 SF renovated co-living apartments
- 13 bedrooms x 4 bathrooms
- Two (2) stackable washer and dryer in basement
- 1,021 SF renovated SFR
- 4 bedrooms x 1 bathroom
- Three (3) adjacent land parcels zoned T-2
- Lot 1 (0.24 AC)
- Lot 2 (5,500 SF)
- Lot 3 (6,270 SF)
Location Highlights:
- Strategically located with 164 feet of prime frontage on the US-1 highway
- Five (5) minutes away from the world-renowned Daytona Beach pier and boardwalk amusements
- Ten (10) minutes away from the Daytona Beach International Airport
- Ten (10) minutes away from the Daytona International Speedway
- Twenty (20) minutes away from the LPGA International Speedway
Property Viewing
If you would like to visit this property or any other property in this auction event, you are required to execute and electronically submit a Temporary Access Agreement.
If you visit this property or any other property without first executing a Temporary Access Agreement, you will be trespassing. Please don’t trespass on any properties.
Start Temporary Access Agreement
Financing
This is an Auction Plus event in which a financing contingency is permitted. On the bid form you will be asked to include financing details.
For further details about Financing, please read the Terms and Conditions of Sale located in the Documents section or contact the FRE.com Support Team.
Broker of Record for this property: JDS Real Estate Services, Inc.
All information contained on this website or otherwise communicated, is from sources deemed reliable, but has not been verified for accuracy or completeness, or suitability for any particular purpose. It is presented "as is," and is not warranted or guaranteed by the Seller or its agents including but not limited to the Listing Broker, LFC Communications, Inc. and LFC Marketing Services, Inc. Buyers shall rely entirely on their own judgment, research and inspection of the asset, and are encouraged to independently verify information and to consult with appropriate legal, financial and other advisors and real estate specialists.