About This Home

This 0-bedroom, 0-bathroom commercial at 828 RIDGEWOOD Avenue in Holly Hill, FL is listed for $1,199,000 ($316 per sqft). Built in 1946, the home offers 3,800 sqft of living space on a 0.56 acres lot.

Key Features

  • Built in 1946
  • 0.56 acre lot

Property Details

1 story
1946

Amenities

A/C
Listing Description

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.

Monthly Cost Estimate

$6,413/mo

20% down · 6.5% · 30 years

Principal$867
Interest$5,196
Insurance$350

Estimates only. Actual payments may vary.

Location

828 RIDGEWOOD Avenue

Holly Hill, FL 32117

TOLL & WILLIAMS LT 01 BLK M & C HOLLY HILL

Property Details

Construction

Block

Cooling

Window Unit(s)Wall/Window Unit(s)

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 828 RIDGEWOOD Avenue is listed at $1,199,000 ($316/sqft). The estimated monthly payment is $6,413 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1946, 0.56 acre lot.

This property is listed by Sulamita Del Valle.

SV

Sulamita Del Valle

Agent at JUPITER PROPERTIES INC

Listed by JUPITER PROPERTIES INC · Broker phone: (386) 547-6161 · Broker website

MLS# O6443334· Source: Stellar MLS· 40 days on PropertySimple

Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

828 RIDGEWOOD Avenue, Holly Hill, FL 32117

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