8800 US Highway 1 - Hospitality FOR SALE


Micco, FL 32976
$1,200,000 USD
305-494-8273
8800 US Highway 1, Micco, FL for Sale
$1,200,000 USD
Hospitality - FOR SALE
1/13
null | Request Cap Rate

8800 US Highway 1
Micco, FL 32976


HIGHLIGHTS

  • High-visibility frontage along US Highway 1 with strong daily exposure.
  • Existing weekly motel operation provides in-place income potential.
  • Fourteen rooms currently rented with additional room available for future use.
  • Opportunity for renovation, repositioning, and revenue enhancement.
  • Convenient access to Sebastian Inlet, beaches, boating, and fishing destinations.
  • Suitable for hospitality operators, investors, developers, and 1031 Exchange buyers.

OVERVIEW

8800 US Highway 1 presents a rare opportunity to acquire an operating hospitality asset with immediate income and substantial value-add potential in South Brevard County. Offered at $1,200,000 as a potential 1031 Exchange acquisition, the property is currently operated as a weekly motel with 14 rooms rented and one additional room utilized for storage. The owner is highly motivated and preparing for retirement, creating an opportunity to acquire the property at a price point that may be difficult to replicate along Florida's growing Space Coast corridor. Positioned directly on highly traveled US Highway 1, the property benefits from consistent visibility and convenient access to Sebastian Inlet, the Indian River Lagoon, area beaches, boating destinations, fishing attractions, and other outdoor recreation amenities that drive year-round visitor activity. The location places the asset within a corridor that continues to experience residential and commercial growth, supporting long-term demand for lodging and redevelopment opportunities. The existing operation provides a foundation for investors seeking to increase income through renovations, operational improvements, or repositioning strategies. Potential future uses may include a boutique motel concept, extended-stay lodging, workforce housing conversion, RV or travel-oriented accommodations, or other redevelopment scenarios subject to local approvals. With highway frontage, established hospitality use, and proximity to coastal recreation destinations, the property offers multiple pathways for value creation. For investors, developers, and hospitality operators seeking an income-producing asset with redevelopment potential, 8800 US Highway 1 represents an opportunity to acquire a well-located property with upside in an increasingly constrained coastal Florida market.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$204 USD /SF

# OF ROOMS

15

PRICE/ROOM

$80,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Harborview Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1977

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

TU-1

APN/PARCEL ID

30-38-14-HH-00008.0-0004.00

ASK ABOUT THIS PROPERTY

Ytzhak HartzyBeachfront Realty, IncMore Info
305-494-8273

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Ytzhak HartzyBeachfront Realty, IncMore Info
305-494-8273

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