Business Opportunity · Hotel/Motel
128 RIDGEWOOD AVENUE, DAYTONA BEACH, FL, 32117
Active77 days on marketListed May 21, 2026MLS #TB8501724
About this property
The property at a glance
Short Sale. Income-Producing 8-Room Motel with Owner’s Penthouse/Office Opportunity – Prime Location on Ridgewood Ave Exceptional investment opportunity located at 128 Ridgewood Ave! This 8-room motel offers strong income potential with endless possibilities for an owner-operator, investor, or hospitality entrepreneur. Situated on a high-visibility corridor, this property combines steady lodging revenue with the added benefit of an on-site office or spacious penthouse living quarters. The property features eight guest rooms designed for short- or long-term stays, ample parking, and excellent exposure to both local and traveling traffic. The attached office/penthouse provides flexibility for on-site management, private owner accommodations, or additional rental income. Whether you’re looking to expand your investment portfolio, operate a boutique roadside motel, or create a live/work hospitality business, this property offers tremendous upside potential. Conveniently located near shopping, dining, major roadways, and area attractions, this motel is positioned to attract both repeat and transient guests. Don’t miss this rare chance to own an income-producing property with built-in residential or management space in a growing area!
3,251
Building sq ft
$254
Price / sq ft
0.59
Lot acres
1948
Year built
10
Units
1
Building
09B4
Zoning
Hotel/Motel
Property type
The numbers
Investment snapshot
13.32%
Cap rate
$113,261
Net operating income
$106,747
Gross income (yr)
$82,500
Price / unit
10
Units
Estimated payment (illustrative)
Estimated payment
$4,677/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask David to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
29,831
Population
$52,132
Median income
41.8
Median age
2.31
Avg household
$175,500
Median home value
$1,392/mo
Median rent
3,290
Households w/ kids
Recent sales
What actually sold near 128 RIDGEWOOD AVENUE
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$791,000
1028 RIDGEWOOD AVENUE
3,700 sqft · $214/sqft · Sold Jul 24, 2026
$9,000,000
1025 S ATLANTIC AVENUE
Sold Jul 1, 2026
$950,000
222 MADISON AVENUE
6,741 sqft · $141/sqft · Sold Mar 10, 2026
Your team
The pros in your corner
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 128 RIDGEWOOD AVENUE — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 128 RIDGEWOOD AVENUE.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Keep looking
Similar properties nearby
Listing courtesy of DEXTER REALTY GROUP · Glenda Dexter. MLS #TB8501724.
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. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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