8797 20th St - Hospitality FOR SALE


Vero Beach, FL 32966
$7,925,000 USD
561-227-2672
8797 20th St, Vero Beach, FL for Sale
$7,925,000 USD
Hospitality - FOR SALE
1/21
null | Request Cap Rate

8797 20th St
Vero Beach, FL 32966


HIGHLIGHTS

  • Award-Winning Boutique Hotel
  • Over $2M Room Revenue Consistently with Absentee Owner
  • Significant Upside for Hands-On Owner/Operator

OVERVIEW

• $7,925,000 Pricing Guidance ($69,518/Room) • 109 Rooms + Five Two-Room Suites (114 Total Rooms & 117 Total Bays) • Full Liquor License and Onsite Restaurant (Recently Vacated) included in Sale • Significant Meeting Space and Restaurant On-Site • Under 4x RRM at List Price • Financial Performance: • June 2025 T-12: $2,029,332 Room Revenue • 2024: $1,910,422 Room Revenue • 2023: $2,343,731 Room Revenue • 2022: $2,641,159 Room Revenue • Absentee Owned; Management Upside with Hands-On Owner Operator • This property is in excellent shape, and is the winner of multiple industry awards, including Trip Advisor's Top Honor - The Traveler's Choice Award, in 2025, 2024 and 2022 (Placing the Hotel in the Top 10% of Hotels Worldwide, as Rated by their Guests) • Approved for Conversion to Quality Inn by Choice with Very Minimal PIP – Contact Broker for Details • Florida Coastal Market – 20 Minutes to the Beach • A Quarter Mile East of I-95 Leading into Downtown Vero Beach, a Growing Florida Coastal Market, with over 27,000 VPD • 6+ Acre-Parcel • +/- 2.1-Acre Development Site Adjacent to the Hotel May be Purchased by Seller in Separate Transaction • Ask Broker About Pre-Approved SBA 7a Loan with $2M Down Over $3M in capital improvements under current ownership, including: • New roofs (less than ten years old) • Resurfaced junior-resort style pool • Wood-plank-style porcelain tile flooring, • Plantation shutters, • Upgraded plumbing and electric, • New furniture package • Fully remodeled restaurant bar with full liquor license • Fully equipped +/- 1,500+ sq. ft. industrial kitchen • Completely renovated poolside dining room • Remodeled +/- 2,000 sq. ft. ballroom, with a capacity for +/- 200 guests • Two additional meeting rooms accommodating 12 to 45 guests for smaller functions • Fitness center • Mini market • Outdoor Tiki Lounges • Pond & Fountain Areas

FOR SALE DETAILS

PRICE

$7,925,000 USD

PRICE/SF

$112 USD /SF

# OF ROOMS

114

PRICE/ROOM

$69,518 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Vero Beach Inn & Suites

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1972

PARKING SPACES

282

LAND DETAILS

LAND ACRES

6.17 AC

LAND SF

268,765 SF

ZONING

CG

APN/PARCEL ID

33-38-02-00001-0110-00002.0

ASK ABOUT THIS PROPERTY

Gabriel ShamayCushman & WakefieldMore Info
561-227-2672

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Gabriel ShamayCushman & WakefieldMore Info
561-227-2672

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