$1,199,000
Active828 Ridgewood Ave, Holly Hill, FL 32117
3,800 sq ft
Listing courtesy of JUPITER PROPERTIES, INC Β· MLS# O6443334
37 days on market
Refreshed from the Stellar MLS feed . This listingβs MLS record last changed .
About this property
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.
Facts
- Property type
- Hotel/Motel
- Year built
- 1946
- Exposure
- East
- Flood zone
- X
- Annual taxes
- $6,621/yr
- Listed
- Sep 21, 2026
- MLS #
- O6443334
Commercial details
Building & site
- Building size
- 3,950 SF
- Lot size
- 0.56 acres (24,480 SF)
- Zoning
- 09B4
- Parking spaces
- 15
- Road frontage
- Access Road
- Buildings
- 3
- Occupancy
- Tenant-occupied
Investor metrics
- Price per SF (MLS)
- $303.54/SF
- Cap rate
- 15.3%
- Net operating income
- $183,400/yr
- Gross income
- $218,400/yr
- Annual expenses
- $35,000/yr
As reported by the listing broker in the MLS. Not verified by Lasbury-Tracy Realty β confirm with the listing broker before relying on them. We never estimate a cap rate.
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828 Ridgewood Ave, Holly Hill, FL 32117
Listing courtesy of JUPITER PROPERTIES, INC Β· MLS# O6443334 Β· Active
Where this property is
Opens on aerial β on this coast the canal, the lot and the neighbours answer more questions than a street grid does.
