828 RIDGEWOOD AVENUE Holly Hill, FL $ 1,199,000
828 RIDGEWOOD AVENUE
$ 1,199,000
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828 RIDGEWOOD AVENUE

Holly Hill, FL, 32117
$ 1,199,000
Bedrooms-- Baths-- Sq 3,800

Monthly Estimate*

$ 8,281

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Commercial Property for sale in Holly Hill, FL

for $1,199,000. This 3,800 square foot building was built in 1946 on a lot size of 0.56.

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.

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Commercial Active

Price

$ 1,199,000

Property Type

Commercial

Taxes

$ 6,621

Style

Hotel/Motel

Lot Size

0.56

Year Built

1946

Town/City

Holly Hill

County/Region

Volusia

MLS | Web ID

O6443334

Features
General
Sewer Public Sewer
Cooling Wall/Window Unit(s)
Utilities Public
Zoning 09B4
Construction Materials Block
Year Built 1946
Property Subtype Hotel/Motel
Tax Year 2025
Ownership Fee Simple
Gross Income 218400
County Volusia
New Construction false
Property Type Commercial Sale
Subdivision Name TOLL & WILLIAMS LT 01 BLK M & C HOLLY HILL
Facing Direction East
Status Active
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.
City HOLLY HILL
MLS Area 32117 - Daytona Beach
Lot Size Units Square Feet
Lot Size Square Feet 24480
Listing Terms Cash
Tax Annual Amount 6621.01
Additional Parcels Y/N false
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6443334
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Tax Lot 4
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
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
Flood Zone Code X Y
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Interior
Total Stories 1
Air Conditioning Y/N true
Total Baths 0
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Exterior
Water Source Public
Lot Size Area 24480
Foundation Details Slab
Number of Buildings 3
Building Area Total 3950
Lot Dimensions 90 x 272
Lot Size Acres 0.56
Road Surface Type Asphalt
Waterfront Y/N false
Road Frontage Type Access Road
Road Responsibility Public Maintained Road
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* Excluded Features
List By
Jupiter Properties, Inc

Broker

info@sullydelvalle.com

Email

Affordability Calculator

$8,833
Per Month
94%
6%
0%
Monthly Principal & Interest
$8,281
Monthly Property Taxes
$552
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/21/2026$1,199,000 Listed Price

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828 RIDGEWOOD AVENUE, Holly Hill, FL, 32117 is a Commercial Property for sale at $1,199,000 with 3,800 sqft and a lot size of 0.56. 828 RIDGEWOOD AVENUE was built in 1946. The property's zip code is 32117 which is in Holly Hill, FL