333 SE 1st Ave - Hospitality FOR SALE


Florida City, FL 33034 | 
$18,250,000 USD
954-743-7594
333 SE 1st Ave, Florida City, FL for Sale
$18,250,000 USD
Hospitality - FOR SALE
1/50
null | 11.19% Cap Rate

333 SE 1st Ave
Florida City, FL 33034


HIGHLIGHTS

  • Strong In-Place NOI: Producing approximately $2.04 million in annual NOI at an attractive 11.19% going-in cap rate.
  • 212-Key Hotel Portfolio: Two adjacent limited-service hotels offering scale and operational diversification.
  • Attractive Basis: Priced at approximately $86,085 per key at the $18.25 million asking price.
  • Strategic Gateway Location: Positioned at the US-1, Florida's Turnpike, and Krome Avenue gateway to the Florida Keys.
  • Diverse Demand Drivers: Benefits from leisure, national park, motorsports, agricultural, and logistics demand.
  • Value-Add Potential: Upside through rate management, capital improvements, and expense consolidation across both hotels.

OVERVIEW

Fausto Commercial is pleased to present the Florida City Hotel Portfolio, a 212-key, two-hotel offering at the gateway to the Florida Keys, delivering $2,041,660 of in-place NOI at an 11.19% going-in cap rate. The offering pairs two adjacent limited-service hotels: the 88-key Travelodge by Wyndham at 409 SE 1st Avenue and the 124-key Quality Inn - Gateway to the Keys at 333 SE 1st Avenue. Both sit at the US-1 / Florida's Turnpike / Krome Avenue gateway, capturing drive-to traffic moving between Miami-Dade, Homestead, the Florida Keys, Everglades National Park, and Biscayne National Park. Combined T-12 performance (March 2025 - February 2026) shows $5,080,208 of gross income and $3,038,549 of operating expenses, producing $2,041,660 of net operating income on a 59.8% expense ratio. At $18,250,000 the portfolio prices to an 11.19% going-in cap and $86,085 per key, with upside through rate management, brand-standard capital work, and expense consolidation across the two assets. Demand is drawn from four independent streams: Everglades and Biscayne National Park visitors, Keys-bound drive-to leisure, Homestead-Miami Speedway events, and the South Dade agricultural and logistics workforce. The two hotels are offered together as a single portfolio. Contact the listing team for the offering memorandum and full financials.

FOR SALE DETAILS

PRICE

$18,250,000 USD

PRICE/SF

$471 USD /SF

# OF ROOMS

88

PRICE/ROOM

$207,386 {currency}

CAP RATE

11.19%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Florida City Hotel Portfolio - 212 Keys

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1997

PARKING SPACES

130

LAND DETAILS

LAND ACRES

2.62 AC

LAND SF

114,127 SF

ZONING

I

APN/PARCEL ID

16-7930-002-0010

ASK ABOUT THIS PROPERTY

Elior LeviFausto Commercial Realty ConsultantsMore Info
954-743-7594

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Elior LeviFausto Commercial Realty ConsultantsMore Info
954-743-7594

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