1705 Ocean Dr Vero Beach, FL 32963-2260

This exceptional 18-unit hotel presents a lucrative investment opportunity in Vero Beach, Florida. Located at 1705 S Ocean Drive S, this established property boasts a prime location directly across from public beach access, ensuring high occupancy rates. Built in 1956 and situated on a spacious 23,958 square foot lot, the hotel has undergone significant recent upgrades. These improvements include a new roof, an updated electrical panel, and a modernized billing system, streamlining operations and enhancing efficiency. Each of the 18 units has been meticulously renovated to create a desirable beach-themed atmosphere for guests. One unit is dedicated to on-site staff, providing 24/7 support and maximizing operational efficiency. The hotel's strong performance and streamlined operations allow for owner-operator absentee ownership. The asking price is $5,500,000, and owner financing is available, making this a compelling investment opportunity in a highly sought-after vacation destination. The property's location, recent upgrades, and efficient management structure combine to create a profitable and low-maintenance investment. This is a rare chance to acquire a well-established, high-performing hotel in a prime beachfront location. The property is ready for immediate income generation and offers significant potential for future growth.