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.
| MLS # | O6443334 |
|---|---|
| Listing Type | For Sale |
| Style | Hotel/motel |
| Sub-Type | For-sale |
| Status | Active |
| Year | 1946 |
| Days On Site | 24 |
| Listing Provided By | JUPITER PROPERTIES, INC | Sulamita Del Valle |
| SQ Feet | 3,800 |
|---|---|
| Story(s) | 1 |
| Zoning | 09B4 |
| Acreage | 0.56 |
| Property | 6621 |
|---|
| State | FL |
|---|---|
| County | Volusia |
| City | HOLLY HILL |
| Zip Code | 32117 |
| Area | 32117 Daytona Beach |
| Community Name | TOLL & 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 sqft: 3,800 low | high Med: 3,800 $ / sqft: $316 low | high Med: $316 On site: 24 low | high Med: 24 | |
| State | FL |
|---|---|
| County | Volusia |
| City | HOLLY HILL |
| Zip Code | 32117 |
| Area | 32117 Daytona Beach |
| Community Name | TOLL & 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 sqft: 3,800 low | high Med: 3,800 $ / sqft: $316 low | high Med: $316 On site: 24 low | high Med: 24 | |