Marcus & Millichap, as the exclusive listing agent, is pleased to present to market the Barefoot Mailman Motel, which is a 22 room motel located at 138 S Dixie Highway in Lantana, Florida.
138 S Dixie Highway is a 22-room, one-story motel built in 1952 with concrete block construction, a flat roof, and mini-split AC units throughout. Each unit is equipped with either a full kitchen or a kitchenette and has hurricane impact windows. The motel rooms have had an average nightly rate of $115. The unit mix consists of (18) Efficiencies, (2) Studios, and (2) one-bedroom / one-bathroom units.
This motel offers investors the opportunity to acquire a fully renovated motel situated less than a mile from the beach and intracoastal in a market with an extremely high barrier to entry for competition.