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841 N Krome Avenue - Caribe Motel, Homestead, FL

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841 N Krome Avenue - Caribe Motel

Homestead, FL 33030 - South Dade Submarket

Property Type:Hospitality Number of Rooms:52 Status:Existing Year Built:1934
Stories:2 Building Size:19,847 SF Land Area:1.01 AC (43,996 SF)
For Sale Price:$1,600,000 Price/Room:$30,769 Cap Rate:10.00 %

Parking:1.11 Parking Spaces / 1,000 SF

The Caribe Motel is a 52 Room Hotel with 6,000 sf Free Standing Commercial Site.

In the center of the Historic Area of Homestead, Florida, the Gate Way to the Florida Keys and both National Parks; Everglades & Biscayne National, the Caribe Hotel has a long tradition of tourist and local traffic.

Fronting Krome avenue and 50 feet north of Campbell Drive, the main East/ West commercial corridor in Homestead, The Caribe Hotel has tremendous redevelopment and upside potential.

Fifty two unit Hotel and Bar that could be converted to condo or rental. There are fifty four bedrooms and fifty two baths.

Sale Notes:
28 room Motel with spacious 3 bedroom home w/ Manager's Quarters for sale. 11, 976 ASF, two story building on an approximately 1/2 Acre lot. Good Condition-Many Updates. Excellent for Owner-Operator. Great Location and Access. Located on Busy Downtown Homestead - Steady Net operating Income and Cap rate. OWNER WANTS TO RETIRE. BRING ALL OFFERS!!!

The Keyes Company
Sonia Diaz
(305) 785-2687

Don Phillips
(305) 779-1815

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