409 SE 1st Ave - Hospitality FOR SALE


Florida City, FL 33034
$7,500,000 USD
561-632-8517
409 SE 1st Ave, Florida City, FL for Sale
$7,500,000 USD
Hospitality - FOR SALE
1/14
null | Request Cap Rate

409 SE 1st Ave
Florida City, FL 33034


HIGHLIGHTS

  • Ideally located along Highway U.S. 1 at the gateway to the Florida Keys, and a 5-minute drive from Homestead-Miami Speedway
  • Flexible brand agreement that can be terminated through the end of 2025
  • Cash flowing asset with SBA financing available
  • Two-story apartment building with three large living units included in sale
  • 3.1x room revenue multiple
  • Property is in excellent physical condition with no deferred maintenance

OVERVIEW

Berkadia is pleased to present the Travelodge by Wyndham Florida City/Homestead/Everglades for acquisition of the fee-simple interest. The Property is located just off Florida’s Turnpike in Florida City, along Dixie Highway that leads directly to the Florida Keys, which welcomed an estimated 5.5 million visitors in 2024. The Hotel offers 88 meticulously-maintained guestrooms, complimentary hot breakfast, heated outdoor pool, business center, guest laundry facilities, and outdoor tiki huts for guest use. The Travelodge has been awarded by Wyndham as the Top Travelodge by the Wyndham brand several years in a row and again in 2025. Long-term owners keep the hotel in excellent condition with no deferred maintenance. Ideal for an owner-operator looking for a plug and play cash-flowing business. Included in the sale is a two-story apartment building featuring three spacious apartment units with central air, currently utilized for employee housing and storage located behind the Hotel. The ground floor features a four-bedroom, three-bath unit with two kitchens and ample storage area, while the second floor houses a two-bedroom, one-bath unit and a four-bedroom, one-bath unit. These residences present excellent potential for alternative uses, including owner or employee accommodations. A large exterior storage container is also included in the sale which currently sits in the east-end of the property.

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$194 USD /SF

# OF ROOMS

88

PRICE/ROOM

$85,227 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Travelodge Florida City (Miami)

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

Natalie CastilloBerkadiaMore Info
561-632-8517

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Natalie CastilloBerkadiaMore Info
561-632-8517

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