320 North Federal Highway
- Great walkability to the beaches, golf course and restaurants of Lake Ave and Lucerne
- There are no boutique hotels in the immediate area, closest resorts are 4-5 Star such as The Four Seasons, The Gulfstream, The Tideline and Eau Hotel & Spa
- Pool and expansive courtyard for common area
- Motel license in place
- Great visibility on the North Federal Highway corridor just 3 blocks from Downtown
- ProForma 12%+ / Cap rate after renovation based on $800,000 renovation investment
Property Description
The Holiday House Motel a rare boutique hospitality repositioning opportunity located in the heart of Lake Worth Beach with a total of 30 units. Positioned along the highly trafficked Federal Highway corridor, the property benefits from exceptional visibility and accessibility while being just minutes from the beach and neighboring the luxury hospitality market of Palm Beach Island. The property presents a compelling value-add opportunity to transform a classic South Florida motel into a modern boutique destination in one of the region’s most supply-constrained coastal sub-markets. With an existing motel license already in place, investors have the ability to capitalize on growing tourism demand and the continued evolution of Lake Worth Beach as a vibrant coastal destination.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $4,350,000 |
| No. of Units: | 30 |
| Year Built: | 1950 |
| Lot Size: | 0.27 Acres |
| Opportunity Zone: | No |
| Price per unit: | $145,000 |
| Property Website | Click Here |
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