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0 Baths
3,800 sqft

$1,199,000

828 RIDGEWOOD AVE, HOLLY HILL FL, 32117

Price per sqft$315.53
Built in1946
Property size3,800 sqft
Property typeCommercial
Courtesy of JUPITER PROPERTIES, INC, Sulamita Del Valle  Listing Contact: 386-547-6161

Overview

Active

Listed Sep 21, 2026

Updated 36h ago

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.

Additional information

MLS® ID
O6443334

Interior Features

Bathrooms
0
Cooling
Yes
Basement
No

Exterior Features

Lot Size
0.56 Acres

Other Property Details

Taxes
$6,621
Tax Frequency
Annually
Association Fee Frequency
Monthly

Listings courtesy of Stellar MLS as distributed by MLS GRID

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Based on information submitted to the MLS GRID as of 4:46 PM UTC on 10/8/2026. 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.

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