Tropic Aire Motel For Sale
1000 S. Atlantic Avenue, Daytona Beach, Florida 32118
Sold: $433,500
Property Details
Property Type
Residential
Building Type
Freestanding
Building Size
4,372 sqft
Land Size
0.31 acres
Units
11
Zoning
T-4
Year Built
1949
Parking
18
Cap Rate
9.57%
Parcel No
5309-16-00-0200
Property Description
Tropic Aire Motel For Sale.
Art Deco' Style Building - Beachside.
Recent extensive remodel and upgrades.
Recently replaced HVAC, windows, laundry equipment, etc.
10 units plus manager's unit and possible gift shop.
Great location one block north of Silver Beach Avenue.
Ongoing business - Cash cow.
Numbers are Actual/Proforma.
18 Parking Spaces.
Almost across the street from Proposed Hard Rock Hotel and Café.
Please do not approach management personnel or property without agent.
Located on the west side of Atlantic Avenue one block north of Silver Beach Avenue.
Location
Contact
John W. Trost, CCIM
SVN | Alliance Commercial Real Estate Advisors