Hotel with Renovated Managers
For Sale
Contact for pricing
950 US Highway 1, Vero Beach, FL 32960
Renovated, owner-operator-ready hotel with an on-site two-bedroom manager’s suite and proven operating history.
Property Size29,516 SF
Price / SF$160.93
Days on Market96
Property Features for 950 US Highway 1
General Information
Standard status
Active
Size
29,516 SF
Property subtype
Hospitality
Zoning
CG, General Commercial
Investment Type
Owner/User
Net Operating Income
$364,956
Financials
Cap Rate
7.7%
Business Included
Yes
Site & Location
Traffic Count
30,500 vehicles/day
Highway Access
Yes
Building Details
Year Built
1993
Stories
2
Tenancy
Single
Listing Agency:
Cushman & Wakefield - Boca Raton, Florida
Listed By:
David Greenberg · License #FL SL3140783
Source:
Crexi
Added: Jun 2
Changed: Aug 22
Last Checked: Sep 4 at 11:11PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield - Boca Raton, Florida
Investment Insights
Based on property information with market context.
This for-sale hotel offers a renovated, spacious two-bedroom manager’s suite on-site, supporting hands-on operation. The property is described as very well-maintained, with continuous updates made by the current ownership and minimal change-of-ownership PIP expected for a new buyer.
The hotel is located at 950 US Highway 1 in Vero Beach, directly along US Highway 1 with signage visibility to commuters. The section of US Highway 1 closest to the property is listed at approximately 30,500 vehicles per day (Average Annual Daily Traffic). The offering also notes close proximity to 20th Street, 17th Street, and Jimmy Buffet Memorial Highway, along with access to nearby corporate offices, medical facilities, and popular attractions.
From a buyer fit perspective, this is positioned as an owner-operator acquisition opportunity, including as an option for a first-time hotel buyer. The remarks cite 2025 total revenue of $1,071,830 and NOI of $364,956, with 2024 and 2023 NOI figures also provided. The property is also described as having rebranding potential, with interest noted from Quality Inn, Red Roof, Baymont, and multiple other flags.
The hotel is located at 950 US Highway 1 in Vero Beach, directly along US Highway 1 with signage visibility to commuters. The section of US Highway 1 closest to the property is listed at approximately 30,500 vehicles per day (Average Annual Daily Traffic). The offering also notes close proximity to 20th Street, 17th Street, and Jimmy Buffet Memorial Highway, along with access to nearby corporate offices, medical facilities, and popular attractions.
From a buyer fit perspective, this is positioned as an owner-operator acquisition opportunity, including as an option for a first-time hotel buyer. The remarks cite 2025 total revenue of $1,071,830 and NOI of $364,956, with 2024 and 2023 NOI figures also provided. The property is also described as having rebranding potential, with interest noted from Quality Inn, Red Roof, Baymont, and multiple other flags.
Key Highlights
- 1993‑built, well‑maintained hotel with continuously updated ownership and no specific PIP provided.
- On‑site 2‑bedroom manager’s suite that is renovated, supporting an owner‑operator or hands‑on model.
- 2025 financials: $1,071,830 total revenue and $364,956 NOI (NOI includes 0% management fee and 4% reserve for replacements).
Property Analytics
Property Profile
Current Use
Lease Details
30,500 VPD
Traffic count
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
954
Businesses Nearby
Explore this area
Business Placement
Demographics for 32960, FL
21,522
Population
11,590
Households
1.9
Avg Household Size
48
Median Age
25%
College-Educated
90%
High-School Grad
11.1 sq mi
ZIP Area
1,939
Density / Sq Mi
$52,350
Median Household Income
$30,236
Median Earnings
$1,171
Median Rent
$254,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Renovated, owner-operator-ready hotel with an on-site two-bedroom manager’s suite and proven operating history.
Where is this hotel located?
The property is located at 950 US Highway 1 Vero Beach, FL.
What is the asking price?
The asking price for this property is $4,750,000.
What are key features of this property?
This property features: 1993‑built, well‑maintained hotel with continuously updated ownership and no specific PIP provided.; On‑site 2‑bedroom manager’s suite that is renovated, supporting an owner‑operator or hands‑on model.; 2025 financials: $1,071,830 total revenue and $364,956 NOI (NOI includes 0% management fee and 4% reserve for replacements).
