Description
GREAT OPPORTUNITY FOR A TURN KEY MOTEL, THE RIDGEWOOD INN. PROPERTY UNDERWENT A TWO YEAR RENOVATION BRINGING THE PROPERTY TO 2022 CODE. NEW ROOF. NEW TANKLESS WATER HEATERS. NEW FIRE ESCAPE PUT INTO EVERY UNIT. UNIT 7 HAS TWO BEDROOMS AND ADA COMPLIANT BATHROOM. BRAND NEW PARKING LOT. EVERY UNIT HAS A NEW MINI SPLIT HEAT AND AIR. OFFICE HAS A NEW HVAC SYSTEM. THIS PROPERTY IS A RARE OFFERING FOR A CASH COW MOTEL WITH NO DEFERRED MAINTENANCE. MOTEL CONSISTS OF 8 UNITS, A LARGE OFFICE WITH GRANITE COUNTERTOP KITCHEN, A LAUNDRY ROOM AND A STORAGE ROOM THAT HOUSES THE ROUTER AND CAMERA HARD DRIVE. THIS IS A MUST SEE. POTENTIAL ADD VALUE TO BUILD MORE UNITS IN THE REAR OF PROPERTY WHERE THERE ONCE WAS A BUILDING.
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0BEDS
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0.59ACRES
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0BATHS
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01/2 BATHS
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3,259SQFT
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$399$/SQFT
School Ratings & Info
Description
GREAT OPPORTUNITY FOR A TURN KEY MOTEL, THE RIDGEWOOD INN. PROPERTY UNDERWENT A TWO YEAR RENOVATION BRINGING THE PROPERTY TO 2022 CODE. NEW ROOF. NEW TANKLESS WATER HEATERS. NEW FIRE ESCAPE PUT INTO EVERY UNIT. UNIT 7 HAS TWO BEDROOMS AND ADA COMPLIANT BATHROOM. BRAND NEW PARKING LOT. EVERY UNIT HAS A NEW MINI SPLIT HEAT AND AIR. OFFICE HAS A NEW HVAC SYSTEM. THIS PROPERTY IS A RARE OFFERING FOR A CASH COW MOTEL WITH NO DEFERRED MAINTENANCE. MOTEL CONSISTS OF 8 UNITS, A LARGE OFFICE WITH GRANITE COUNTERTOP KITCHEN, A LAUNDRY ROOM AND A STORAGE ROOM THAT HOUSES THE ROUTER AND CAMERA HARD DRIVE. THIS IS A MUST SEE. POTENTIAL ADD VALUE TO BUILD MORE UNITS IN THE REAR OF PROPERTY WHERE THERE ONCE WAS A BUILDING.
© 2023 Daytona Beach Area Association of Realtors®, Inc.All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Cook Group Luxury Real Estate | Realty Pros Assured. Data last updated: 2023-03-31T13:27:25.653.