320 N Federal Hwy

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Address: 320 N Federal Hwy, Lake Worth Beach, FL 33460, USA

Florida & Gulf Coast + Hospitality

Created date: July 9, 2024

Date last updated: December 2, 2024

- Prime location in Lake Worth Beach, FL
- 11,810 SF building with 30 units
- Ideal for hospitality/resort investment
- Built in 1950 with unique character
- Zoned MU-E for versatile development options
- 100% occupancy for immediate income
- Strong rental demand in the area
- Excellent investment opportunity
- Potential for value-add strategies
- Proximity to local amenities and attractions

Property Description

Investment Opportunity: Holiday House Motel in Lake Worth Beach, FL. Welcome to the Holiday House Motel, a prime commercial real estate opportunity nestled in the heart of Lake Worth Beach, FL. Located at 320 N. Federal Highway, this meticulously maintained property spans approximately 0.5971 acres and boasts a strategic location near the beach and downtown district. The three buildings are 11,810 sq. ft. on two floors. Property Overview: Motel Features: The Holiday House Motel offers 30 well-appointed rooms spread across two floors, catering to a diverse range of guests from weekly renters to long-term tenants. Residential Units: In addition to the motel rooms, the property includes a one-bedroom apartment and three two-bedroom apartments, providing additional income potential or owner/manager accommodation. Amenities: Guests and residents alike enjoy the lush, landscaped grounds, complete with an inviting inground pool and two outdoor grill stations, perfect for relaxation and social gatherings. Parking: Convenience is key with onsite parking for up to 15 vehicles, ensuring ease of access for guests and tenants. Potential for Development: Adaptive Reuse Opportunity: Ideal for investors seeking a versatile property, the Holiday House Motel presents significant potential for conversion into multi-family residences. Explore the possibility of transforming the existing structures into upscale apartments or condominiums, capitalizing on the burgeoning demand for residential housing in the area. Operational Flexibility: Alternatively, continue operations as a charming resort motel, leveraging the property's established reputation and loyal customer base. The choice is yours to maintain and enhance this gem of Lake Worth Beach's hospitality landscape. Location Advantage: Proximity to Amenities: Situated just moments from the pristine beaches and vibrant downtown area, residents and guests enjoy easy access to local dining, shopping, and entertainment options. Community Appeal: Lake Worth Beach offers a dynamic blend of cultural attractions and recreational activities, making it an attractive destination for both tourists and residents alike. Investment Details: Offering Price: Priced competitively at $4,950,000, this investment opportunity represents exceptional value in the Lake Worth Beach real estate market. Schedule Your Visit Today: Don't miss out on this rare opportunity to acquire the Holiday House Motel. Whether you envision a thriving hospitality business or a transformative residential development, contact us today to schedule a private tour and explore the endless possibilities awaiting you at 320 N. Federal Highway, Lake Worth Beach, FL.

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Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	Hospitality
Price:	$4,950,000
No. of Units:	30
Year Built:	1950
Lot Size:	0.60 Sq ft
Opportunity Zone:	No
Price per unit:	$165,000
Property Website	Click Here