320 Federal Hwy Lake Worth Beach, FL 33460
- Hotels
- 6,318 SF
- 0.60 lot acres
Current Use by Public Records
- Holiday House Motel / Motel / Extended Stay Hotel
Property Details for 320 Federal Hwy
- Year built
- 1950
- Construction
- CONCRETE
- Lot size
- 0.60 lot acres
- Property size
- 6,318 SF
- Zone code
- MU-E
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 38-43-44-21-15-096-0050
- APU
- 38434421150960050
Description
Prime investment opportunity: The Holiday House Motel, located at 320 N Federal Highway in Lake Worth Beach, Florida (zip code 33460), presents a compelling opportunity. This meticulously maintained property encompasses 11,810 square feet across three buildings on approximately 0.5971 acres. Built in 1950, the motel features 30 well-appointed rooms, catering to a diverse clientele including weekly and long-term renters. Adding to the income potential are four residential units: one one-bedroom apartment and three two-bedroom apartments. The property's strategic location near the beach and downtown district ensures high occupancy rates and strong rental demand. The asking price for this exceptional commercial property is $4,950,000. This is a rare chance to acquire a well-established, income-generating motel in a thriving Florida coastal community. The property is situated in Palm Beach County and offers significant potential for future growth and appreciation. The two-story buildings provide ample space for both guest accommodations and residential units, maximizing revenue streams. This is an excellent opportunity for investors seeking a strong return on investment in a desirable location.
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
- Lake Worth
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.052
- Latitude
- 26.6198
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
