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    108 Royal Palm Ave, Clewiston, FL 33440

    74,058 SF 1.47 ac lot Built 1939
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US18-5310833
    108 Royal Palm Ave, Clewiston, FL 33440 For Sale
    $4,400,000 74,058 SF
    108 Royal Palm Ave, Clewiston, FL 33440
    View Listing →
    Property summary
    AI-generated overview

    The Clewiston Inn, located at 108 Royal Palm Avenue in Clewiston, Florida, presents a unique investment opportunity. This beautifully restored classical revival-style inn boasts 37,029 square feet on a 1.48-acre lot, situated on the shores of Lake Okeechobee. The property includes 57 guest rooms and suites, eight of which are apartments. All rooms have recently undergone upgrades, featuring new vinyl flooring and fresh paint. A new security camera system has also been installed. The inn's large banquet hall has recently been renovated with new tile and hosts Friday night entertainment, generating supplemental income. Currently operating at 100% occupancy (as of December 13th), the Clewiston Inn consistently maintains an occupancy rate between 85% and 100%. The property benefits significantly from the annual sugarcane festival in March, resulting in high revenue during that period. Conveniently located 60 miles west of West Palm Beach and 60 miles east of Fort Myers, the Clewiston Inn is ideally positioned to attract a wide range of clientele. Its versatile space is perfect for hosting corporate retreats, meetings, weddings, reunions, and other special events. This established and profitable business offers a compelling investment prospect for discerning buyers seeking a turn-key operation in a desirable location. The property's strong performance and consistent occupancy make it an attractive addition to any investment portfolio.

    Property profile
    Verified
    Property type Hotels
    Use group HOTEL/MOTEL
    Year built 1939
    Construction WOOD FRAME
    Total area 74,058 SF
    Lot 1.47 ac (64,033 SF)
    Zoning code CL-C
    APN 3 34 43 01 010 0177-001.0
    UPID US18-5310833
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Clewiston, FLA Restaurant
    • Americas Best Value Inn Historic Clewiston Inn Hotel & Motel
    • Everglades - Bar & Lounge Bar & Pub
    • Everglades Lounge Bar & Pub Nightclub
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $2.25M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $2.92M
    Blend (final) Blend
    $2.36M
    Owner & transaction history
    Bhagyawan LLC · 4 yrs held
    Bhagyawan LLC
    since 2022
    Last sale
    $1.9M
    5 recorded transactions
    2022
    $1.9M
    2015
    $1.6M
    2011
    $1.0M
    2010
    2007
    $2.2M
    Zoning & alternative use
    CL-C · Clewiston, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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