714 Dixie Hwy Lake Worth, FL 33460-4951
- Hotels
- 6,944 SF
- 0.32 lot acres
Current Use by Public Records
- Lago Motor Inn Lake Worth Beach / Inn / Motel
Property Details for 714 Dixie Hwy
- Year built
- 1981
- Construction
- CONCRETE
- Lot size
- 0.32 lot acres
- Property size
- 6,944 SF
- Zone code
- MU-DIXIE
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 38-43-44-21-15-221-0032
- APU
- 38434421152210032
Description
This 19-key hotel in Lake Worth Beach, Florida, presents a compelling value-add investment opportunity. Located at 714 S Dixie Hwy, this two-story, 6,944 square foot property sits on a 14,096 square foot lot and was built in 1981. The hotel boasts a prime location with high traffic volume (13,700 AADT), offering significant potential for increased revenue. Its proximity to Palm Beach International Airport (10-minute drive) and the Lantana Sports Complex (7-minute drive) further enhances its appeal. Zoned MU-DIXIE (Mixed Use), the property offers untapped potential within Lake Worth Beach's thriving area. The asking price is $3,400,000, translating to $504.03 per square foot and $178,947.37 per key. This meticulously maintained hotel offers a blend of luxury and convenience, making it an attractive investment for those seeking a strong return. The property consists of one building and features 19 keys.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lake Worth
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0574
- Latitude
- 26.6068
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
