1105 Federal Hwy 1 Lake Worth, FL 33460-5243

This exceptional 14-unit hotel in Lake Worth Beach, Florida presents a lucrative investment opportunity. The two-story concrete block building, constructed in 1990, has undergone a comprehensive renovation. Improvements include a brand-new roof, impact-resistant windows and doors, updated signage, and a modern security camera system. All 14 units boast recently renovated interiors featuring stainless steel appliances, granite countertops, porcelain flooring, new window blinds, and contemporary kitchen cabinetry. Twelve units are equipped with new Mitsubishi mini-split air conditioning units. The property benefits from a transient license, allowing for flexible short-term or long-term rental strategies. Historically operating at near 100% occupancy, the hotel achieves effective rents of $1,678 per unit. Located at 1105 S Federal Hwy #1, Lake Worth, FL 33460, in Palm Beach County, this property offers a compelling combination of strong performance and modern amenities. The asking price is $2,250,000. This turnkey operation is ready for immediate income generation and presents significant potential for future growth. The property's concrete block construction ensures durability and longevity, while the recent renovations minimize immediate capital expenditure needs. The strategic location in Lake Worth Beach provides easy access to local attractions and amenities, further enhancing its appeal to both short-term and long-term renters.