108 Royal Palm Ave Clewiston, FL 33440
Property profile & analytics
108 Royal Palm Ave Clewiston, FL 33440
- Hotels
- 74,058 SF
- 1.47 lot acres
Property ID
US18-5310833
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Clewiston, FLA / Restaurant
- Americas Best Value Inn Historic Clewiston Inn / Hotel & Motel
- Everglades - Bar & Lounge / Bar & Pub
- Everglades Lounge / Bar & Pub / Nightclub
Property Details for 108 Royal Palm Ave
- Year built
- 1939
- Construction
- WOOD FRAME
- Lot size
- 1.47 lot acres
- Property size
- 74,058 SF
- Zone code
- CL-C
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 3 34 43 01 010 0177-001.0
- APU
- 334430101001770010
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,915,000
- ML approach
- $2,245,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $2,916,000
Market price range: $2.92M - $8.55M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Clewiston
- County
- Hendry
- State
- Florida
- Longitude
- -80.9328
- Latitude
- 26.7547
- CBSA code
- 17500
- CBSA name
- CLEWISTON, FL MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$15,308
$347,490
$257,196
$604,686
-
$347,490
$257,196
$604,686
