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828 Ridgewood Avenue, FL
Stellar MLS

$1.20M

828 Ridgewood AvenueHolly Hill, FL 32117

Listing updated: October 6, 2026 at 9:50 AM ET

Active
Stellar MLSListing courtesy of Jupiter Properties, Inc · Sulamita Del Valle · MLS #O6443334 · Active · 386-547-6161
3,950
Building SF
0.56
Acres
1946
Built
$304
Per SF
◆Hotel/Motel◆15.30% cap rate◆$304/SF◆360° tour
Hotel/Motel

Property type

1946

Year built

3,950 SF

Building size

24,480 sqft

Lot size

$304

Price / SF

09B4

Zoning

15

Days on market

Investment & cash flow

15.30%
Cap rate
$183K
NOI / yr
$218K
Gross income (Projected)
$35K
Annual expenses
5.5
GRM
$304
Price / SF

Figures provided by the listing broker — verify independently.

Lease terms

Occupancy
Tenant

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.

Virtual tour

Facts & features

Property type
Commercial Sale
Sub type
Hotel/Motel
Status
Active
Days on market
15
Subdivision
Toll & Williams Lt 01 Blk M & C Holly Hill
County
Volusia
Year built
1946
Building area
3,950 sq ft
Price/sq ft
$304
Lot size
24,480 sq ft
Buildings
3
Stories
1
Parking spaces
15
Road frontage
Access Road
Annual taxes
$7K (2025)
Parcel #
5337-41-01-0040
Zoning
09B4
MLS #
O6443334

Utilities

Utilities
Public
Water source
Public
Sewer
Public Sewer

Listing details

Listing date
2026-09-21
On market date
2026-09-21
MLS area
32117 - Daytona Beach
Status changed
2026-09-21
Tax legal description
LOT 4 EXC N 8.99 FT SUB LOT 1 BLK 8 M & C HOLLY HILL MB 2 PG 154 PER OR 3728 PG 0816 PER OR 5336 PG 4738 PER OR 7147 PG 4741 PER OR 8168 PG 1353 PER OR 8440 PG 3620

Location

Directions

From I-95 North toward Jacksonville. Merge onto I-95 North and continue for 5.3 miles, then take Exit 265 for LPGA Boulevard. Turn right onto LPGA Boulevard and travel 4.3 miles to reach US-1/Ridgewood Avenue. Turn right onto Ridgewood Avenue and continue 2.1 miles south; the property at 828 Ridgewood Avenue will be on your right.

MLS GRID

Listings courtesy of Stellar MLS as distributed by MLS GRID

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.

Based on information submitted to the MLS GRID as of October 6, 2026 at 9:50 AM ET. 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.

Ryan Solberg, Licensed Real Estate Broker · MaxLife Realty, LLC · FL Lic. #BK3354351 · Equal Housing Opportunity · Terms · DMCA

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