$1,199,000
( $303.54Per Sq Foot )
 $6,436 est/mo Sourced by Back At You

828 Ridgewood Ave,HOLLY HILL, FL 32117

HOLLY HILL, FL 32117

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Description

Rare opportunity to acquire the Indian Palm Motel, a well-established 14-unit motel offering an attractive approximately 15% cap rate, strong existing cash flow, and significant upside potential. This is a true income-producing asset where the right owner/operator may be able to increase revenue and profitability through improved management, marketing, pricing, and targeted property enhancements. Situated on approximately 0.56 acres along highly traveled Ridgewood Avenue/US-1 in Holly Hill, the property offers excellent visibility and accessibility, with 14 guest units, on-site office, coin-operated laundry, and 15 dedicated parking spaces. Located approximately 3 miles from Daytona Beach and 5 miles from Daytona International Speedway, the motel benefits from year-round tourism, major events, seasonal travel, local business activity, and the continued growth of the Daytona Beach market. The property has an established operating history and recurring demand, providing an investor with immediate cash flow and multiple opportunities to create additional value. A new owner who brings strong hospitality management and a proactive operating strategy could potentially push NOI and returns well beyond the current performance. Strong yield, established income, prime location, and substantial value-add potential make the Indian Palm Motel an exceptional opportunity for an investor seeking a high-performing hospitality asset with room to grow.

Details

MLS #O6443334
Listing TypeFor Sale
StyleHotel/motel
Sub-TypeFor-sale
StatusActive
Year1946
Days On Site24
Listing Provided ByJUPITER PROPERTIES, INC | Sulamita Del Valle

Features

SQ Feet3,800
Story(s)1
Zoning09B4
Acreage0.56

Taxes

Property6621

Area Information

StateFL
CountyVolusia
CityHOLLY HILL
Zip Code32117
Area32117 Daytona Beach
Community NameTOLL & WILLIAMS LT 01 BLK M & C HOLLY HILL
Listing VS Median (in TOLL & WILLIAMS LT 01 BLK M & C HOLLY HILL)
Price:
$1,199,000
low | high
Med:
$1,199,000
50% of Average
sqft:
3,800
low | high
Med:
3,800
50% of Average
$ / sqft:
$316
low | high
Med:
$316
50% of Average
On site:
24
low | high
Med:
24
100% of Average
Sourced by Back At You

Market Activity 32117

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 Listings courtesy of Stellar MLS as distributed by MLS GRID.Based on information submitted to the MLS GRID as of October 15, 2026 at 11:00:57 AM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. “The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

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Learn More About This Property

StateFL
CountyVolusia
CityHOLLY HILL
Zip Code32117
Area32117 Daytona Beach
Community NameTOLL & WILLIAMS LT 01 BLK M & C HOLLY HILL
Listing VS Median (in TOLL & WILLIAMS LT 01 BLK M & C HOLLY HILL)
Price:
$1,199,000
low | high
Med:
$1,199,000
50% of Average
sqft:
3,800
low | high
Med:
3,800
50% of Average
$ / sqft:
$316
low | high
Med:
$316
50% of Average
On site:
24
low | high
Med:
24
100% of Average
Sourced by Back At You
Listing Updated: October 6, 2026 at 4:49:55 PM PDT