1528 S Federal Hwy - Hospitality FOR SALE


Lake Worth, FL 33460- South Palm Park
$2,300,000 USD
954-501-5020
1528 S Federal Hwy, Lake Worth, FL for Sale
$2,300,000 USD
Hospitality - FOR SALE
1/10
null | 10.21% Cap Rate

1528 S Federal Hwy
Lake Worth, FL 33460
South Palm Park


HIGHLIGHTS

  • 17-Unit Boutique Motel On A 0.39-Acre Site Along Federal Highway
  • 12 Of 17 Units Significantly Renovated With Additional Upside Remaining
  • On-Site Pool, Laundry Room, Office, And Sun Deck Amenity Area
  • Potential To Reposition Or Further Enhance Operations And Revenue
  • Convenient Access To Downtown Lake Worth Beach, Lantana, And Coastal Amenities

OVERVIEW

Marcus & Millichap is pleased to present Caribbean Villas Motel, a 17-unit hospitality asset located at 1528 S Federal Highway in Lake Worth Beach, Florida. The property totals 6,187 gross square feet and is situated on a 0.39-acre lot, offering a boutique layout with significant operational flexibility and repositioning potential. The motel features a barrel tile roof, wall-unit air conditioning, an on-site swimming pool, dedicated laundry room, and an on-site office to support day-to-day operations. Additionally, the property includes an elevated sun deck area that could be transformed into a resident lounge, entertainment area, or additional amenity space, enhancing guest experience and increasing competitive positioning. Ownership has completed substantial renovations to 12 of the 17 units, with remodeling efforts nearing completion. Improvements have modernized a significant portion of the property, creating the opportunity for a future owner to continue repositioning efforts, optimize operations, and potentially increase revenue. Caribbean Villas Motel benefits from a strategic location along South Federal Highway, providing convenient access to both Downtown Lake Worth Beach and Downtown Lantana, two active coastal corridors with growing dining, retail, and entertainment offerings. The property is also minutes from Lake Worth Beach and the Intracoastal Waterway, while nearby employment drivers include JFK Medical Center, Palm Beach County municipal offices, and surrounding service and hospitality industries. With continued investment throughout coastal Palm Beach County and strong demand for affordable lodging and extended-stay accommodations, Caribbean Villas Motel presents an opportunity to acquire a partially renovated boutique hospitality asset with operational upside in a highly accessible location.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$364 USD /SF

# OF ROOMS

16

PRICE/ROOM

$143,750 {currency}

CAP RATE

10.21%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Caribbean Villas Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1990

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,875 SF

ZONING

PO/MF-20, Lake Worth

APN/PARCEL ID

38-43-44-27-01-085-0031

ASK ABOUT THIS PROPERTY

Daniel CunninghamMarcus & MillichapMore Info
954-501-5020

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Daniel CunninghamMarcus & MillichapMore Info
954-501-5020

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.