320 N Federal Hwy - Hospitality FOR SALE


Lake Worth, FL 33460- Parrot Cove
$4,350,000 USD
954-573-4449
320 N Federal Hwy, Lake Worth, FL for Sale
$4,350,000 USD
Hospitality - FOR SALE
1/51
null | 9.17% Cap Rate

320 N Federal Hwy
Lake Worth, FL 33460
Parrot Cove


HIGHLIGHTS

  • Great Value Add Potential
  • Walkability to the Golf Course, Lake and Lucerne Ave, Beaches
  • Lake Worth Beach is nestled between booming Palm Beach and Delray Beach
  • Hopsitality in the area include 4-5 Star Hotels with a need for boutique establishments
  • Two Buildings - Can Renovate one at a time and mantain cashflow during renovation
  • Pool and Office

OVERVIEW

The Holiday House Motel presents a rare boutique hospitality repositioning opportunity in the heart of Lake Worth Beach. The 30-unit property is prominently positioned along the highly traveled Federal Highway corridor, offering strong visibility and convenient access just minutes from the beach, Downtown Lake Worth Beach, and Palm Beach Island. With an existing motel license in place, the property offers investors an opportunity to reposition a classic South Florida motel into a modern boutique hospitality concept. Its expansive courtyard and pool-centric layout provide a strong foundation for a distinctive guest experience while capitalizing on increasing tourism and continued investment throughout the surrounding coastal market. Ideally situated near Lake Worth Beach’s beaches, golf courses, marinas, parks, and the popular dining and entertainment corridors of Lake Avenue and Lucerne Avenue, the Holiday House Motel is well positioned to serve leisure, seasonal, and extended-stay visitors. The property also benefits from its proximity to Palm Beach County’s established luxury hospitality market, including Four Seasons Resort Palm Beach, Tideline Palm Beach Ocean Resort & Spa, and Eau Palm Beach Resort & Spa, as well as the ongoing redevelopment of the historic Gulfstream Hotel. Despite significant hospitality investment throughout the coastal Palm Beach County market, boutique lodging inventory remains limited near Downtown Lake Worth Beach and the beachfront corridor. The Holiday House Motel offers a compelling opportunity to create a differentiated boutique destination in one of South Florida’s evolving coastal communities.

FOR SALE DETAILS

PRICE

$4,350,000 USD

PRICE/SF

$368 USD /SF

# OF ROOMS

30

PRICE/ROOM

$145,000 {currency}

CAP RATE

9.17%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holiday House Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1950

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

MU-E

APN/PARCEL ID

38-43-44-21-15-096-0050

ASK ABOUT THIS PROPERTY

Alexis ShapiroThe Kislak CompanyMore Info
954-573-4449

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

Alexis ShapiroThe Kislak CompanyMore Info
954-573-4449

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