2323 S ATLANTIC Avenue, Daytona Beach Shores, FL 32118
$8,850,000
Property Type:
Commercial Sale
Status:
Closed
Current Price:
$8,850,000
List Date:
10/11/2017
Last Modified:
9/28/2024
Description
10% Cap!!! Direct Oceanfront Hotel located in Daytona Beach Shores FL. The Lexington Inn consisting of a total of 108 Rooms which includes 2 Owner Suites, offers direct beachfront rooms, large ocean view family suites and oceanfront and ocean view efficiencies. This updated property has a heated outdoor pool overlooking the ocean, private ocean view balconies and excellent beachfront location. Additionally, refrigerators, microwaves, coffeemakers, free Wi-Fi and 32-inch flat panel televisions are all included in every room.
This location also provides easy access to many of Daytona Beach's top attractions and businesses. Located within 7 miles of the Daytona Beach Airport and the Daytona International Speedway, Daytona 500 and Coke Zero 400. Walt Disney World, Universal, Sea World.
Supplements: are less than an hour's drive away. All information deemed to be true and not guaranteed and must be verified by potential buyer. Please do not visit the property unless accompanied by Listing Broker/Agent as well as not to disturb or interact with the employees of the property.
More Information MLS# 1023073
General Property Information
Number Of Units Total: 108
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Directions: From Dunlawton & South Atlantic ''A1A'', go north on S. Atlantic Ave a few miles property on right (On Ocean)
Public Remarks: 10% Cap!!! Direct Oceanfront Hotel located in Daytona Beach Shores FL. The Lexington Inn consisting of a total of 108 Rooms which includes 2 Owner Suites, offers direct beachfront rooms, large ocean view family suites and oceanfront and ocean view efficiencies. This updated property has a heated outdoor pool overlooking the ocean, private ocean view balconies and excellent beachfront location. Additionally, refrigerators, microwaves, coffeemakers, free Wi-Fi and 32-inch flat panel televisions are all included in every room.
This location also provides easy access to many of Daytona Beach's top attractions and businesses. Located within 7 miles of the Daytona Beach Airport and the Daytona International Speedway, Daytona 500 and Coke Zero 400. Walt Disney World, Universal, Sea World.
Lot Size Dimensions: 150x375
Year Built: 1973
Location, Tax, and Legal
Country: US
Parcel Number: 5322-03-01-0130
Tax Annual Amount: 63565
Tax Year: 2016
Tax Legal Description: LOTS 12 13 & 14 BLK 1 BRIDGEPORT HGTS & LOT 12 E OF ATLANTIC AVE EX N 99.07 FT CN MORRIS SUB OR 4302 PG 3729 PER OR 5435 PGS 4074-4075 PER OR 6628 PG 0480 PER OR 6637 PG 0109
Currently Not Used
Year Built: 1973
Business Type
Hotel/Motel: 1
Sale Includes
Building & Land: 1
Historical Information
Public Historical Remarks 1: Confidential Listing: N; Road Frontage: 150.00; Depth: 375.00; Commercial Property Name: Lexington Inn; Financial Package: No; Franchise Opt In: Yes
Contract Information
Current Price: $8,850,000
Sold Price: $8,850,000
Status: Closed
Listing Contract Date: 2016-11-28
Property Sub Type: Business
Location Tax and Legal
Street Number: 2323
Street Direction Prefix: S
Street Name: ATLANTIC
Street Suffix: Avenue
County: Volusia
State: FL
Postal Code: 32118
MLS Area Major: 13 - Beachside, N of Dunlawton & S Silver
Status Change Information
Major Change Timestamp: 2018-06-26T16:20:30Z
Major Change Type: Status Change
Price Change Timestamp: 2017-06-08T15:19:58Z
Purchase Contract Date: 2017-12-18
Close Date: 2018-06-25
Close Price: 8850000
Property Features
Business Type: Hotel/Motel
Sale Includes: Building & Land
Listing Office:
Marlin Realty Group
Last Updated: September - 28 - 2024
Information deemed reliable but not guaranteed.