815 Krome Ave Florida City, FL 33034
- Motels
- 20,907 SF
- 1.08 lot acres
Current Use by Public Records
- Motels
Property Details for 815 Krome Ave
- Year built
- 1988
- Construction
- CONCRETE
- Lot size
- 1.08 lot acres
- Property size
- 20,907 SF
- Zone code
- 6000:COMMERCIAL,GENERAL
- Property type
- Motels
- APN
- 16-7919-000-0060
- APU
- 1679190000060
Description
This 45-key hotel in Florida City, Florida presents a compelling investment opportunity. Built in 1988, this single-story, exterior-corridor property sits on a 1.52-acre lot (APN: 16-7919-000-0060, 16-7919-000-0061) and is zoned C-2. The hotel boasts amenities including an outdoor pool, continental breakfast, and ample outdoor parking. Its strategic location off Krome Avenue (16,300 AADT), less than a mile from the intersection of the Florida Turnpike (50,300 AADT) and US-1 (30,000 AADT), provides exceptional visibility and accessibility. The property benefits from proximity to major demand generators such as Homestead-Miami Speedway, Homestead Air Reserve Base, Biscayne National Park, and its position as a gateway to the Florida Keys. Financial records indicate strong room revenue performance: $813,852 in 2021, $1,030,129 in 2022, and $852,350 in 2023. Furthermore, the property is conveniently located near Miami Dade College-Homestead (1.3 miles), Homestead Sports Complex (3.8 miles), Homestead Baptist Health Hospital (3.9 miles), and more. Seller financing is available. This is a concrete building with a manager's apartment on-site.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Florida City
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.4767
- Latitude
- 25.4571
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
