709 S Dixie Hwy - Hospitality FOR SALE


Lake Worth, FL 33460- Genesis
$3,980,000 USD
954-740-1036
709 S Dixie Hwy, Lake Worth, FL for Sale
$3,980,000 USD
Hospitality - FOR SALE
1/12
null | Request Cap Rate

709 S Dixie Hwy
Lake Worth, FL 33460
Genesis


OVERVIEW

Situated on approximately 0.45 acres with prime US-1 frontage, the property offers excellent visibility, ample parking, and easy access to I-95, Downtown Lake Worth Beach, Palm Beach International Airport, and nearby beaches. • Prime US-1 frontage providing exceptional visibility and daily traffic exposure. • Located in the rapidly improving Lake Worth Beach market just minutes from Downtown Lake Worth Beach, Palm Beach beaches, I-95, and Palm Beach International Airport. • Approximately 0.45-acre site with an existing hospitality operation. • Existing motel allows investors to acquire an income-producing asset with operational upside. • Opportunity to increase revenue through improved management, renovations, dynamic pricing, and marketing initiatives. • Strong hospitality fundamentals supported by tourism, business travel, seasonal visitors, and workforce lodging demand. • Desirable Palm Beach County location with limited availability of independently owned motel assets. • Convenient access to West Palm Beach, Boynton Beach, Delray Beach, and major employment corridors. • Significant barriers to entry for new hospitality development throughout coastal Palm Beach County. • Potential long-term redevelopment or repositioning opportunity, subject to zoning and municipal approvals. • Excellent fit for private investors, hospitality operators, family offices, or 1031 exchange buyers seeking a South Florida asset.

FOR SALE DETAILS

PRICE

$3,980,000 USD

PRICE/SF

$686 USD /SF

# OF ROOMS

15

PRICE/ROOM

$265,333 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Southgate Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1953

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

HIC-1

APN/PARCEL ID

38-43-44-21-15-223-0100

ASK ABOUT THIS PROPERTY

Shawn HansenONE Commercial Real EstateMore Info
954-740-1036

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Shawn HansenONE Commercial Real EstateMore Info
954-740-1036

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