Spring Waters Inn 4851 US Highway 17 5 Room Hotel De Leon Springs, FL 32130 $908,146 CAD ($181,629 CAD/Room) 8.80% Cap Rate

Exceptional investment and owner-user opportunity located on highly visible US Highway 17 in De Leon Springs, Florida. This income-producing commercial property consists of approximately 2,460 square feet of building area plus a 610-square-foot canopy situated on approximately 0.66 acres with excellent highway frontage and exposure.
Currently configured as six dwelling/lodging units and fully leased to a well-established nonprofit organization, the property generates $72,000 in annual gross income. The flexible layout and zoning create multiple potential future uses, including motel operations, workforce housing, transitional housing, lodging, or other commercial applications, subject to applicable approvals.
The property benefits from direct access to US Highway 17 and is strategically located between DeLand and De Leon Springs, providing convenient access throughout Volusia County. Municipal sewer service has already been extended to the property, creating a clear path for future utility modernization and long-term operational improvements.
Investors will appreciate the existing income stream and value-add potential, while owner-users will recognize the property’s visibility, accessibility, and redevelopment opportunities. Whether continuing its current use or repositioning the asset for future hospitality or housing operations, this property offers a unique combination of cash flow, flexibility, and long-term upside.
The property is currently fully occupied and operated by a nonprofit organization serving individuals and families in need of housing assistance. Ownership is committed to minimizing disruption to the residents and ongoing operations. Please do not disturb occupants or staff. All showings are by appointment only and must be coordinated through the listing agent. Qualified buyers may be afforded private showings with reasonable advance notice.
All information contained herein has been obtained from sources believed to be reliable and has been diligently investigated; however, no warranty or representation is made as to its accuracy or completeness. Buyers and their representatives are encouraged to independently verify all information, measurements, zoning, permitted uses, income, expenses, utility availability, and other matters material to their purchase decision.

Offered at $649,000.
US Highway 17 north from DeLand. Continue approximately 6 miles. Property located on the east side of US Highway 17 at 4851 N US Highway 17, De Leon Springs.