950 US Highway 1 - Hospitality FOR SALE


Vero Beach, FL 32960
$4,750,000 USD
561-227-2672
950 US Highway 1, Vero Beach, FL for Sale
$4,750,000 USD
Hospitality - FOR SALE
1/7
null | 7.68% Cap Rate

950 US Highway 1
Vero Beach, FL 32960


HIGHLIGHTS

  • 66-Room Plus 2-Bedroom Manager's Suite
  • Downtown Vero Beach Location
  • Rebranding Opportunity with Multiple Flags Available

OVERVIEW

- Excellent owner-operator acquisition opportunity. - Ideal first-time hotel buyer opportunity. - Spacious & renovated 2-bedroom Manager's Suite on-site. - Opportunity to increase RevPAR to competitive set standards and exceed performance of competition through strong, hands-on management and increased marketing. - Very well-maintained building that is continuously updated by current ownership, leaving very minimal change of ownership PIP expected for a buyer. - Despite recent slowdown throughout most Florida markets, the hotel boasts proven financials and presents a going-in 7.7% CAP Rate based on 2025 NOI. - Financial Performance: - - - 2025: $1,071,830 Total Revenue | $364,956 NOI* - - - 2024: $1,264,634 Total Revenue | $420,049 NOI* - - - 2023: $1,094,432 Total Revenue | $411,608 NOI* - - - *Calculated NOI is Inclusive of 0% Management Fee (Owner/Operator Assumption) and 4% Reserve for Replacements. - Rebranding potential with interest from Quality Inn, Red Roof, Baymont, and multiple other flags. - Opportunity to increase RevPAR to competitive set standards and exceed performance of competition through strong, hands-on management and increased marketing. - Situated in Vero Beach, a growing Florida market known for tourism, beaches, and proximity to major highways, attracting both leisure and business travelers. - Close to corporate offices, medical facilities, and popular attractions, providing a balanced mix of transient, leisure, and group business. - Located directly along US Highway 1 and within close proximity to 20th Street, 17th Street, and Jimmy Buffet Memorial Highway, providing ease of access and displaying excellent signage to commuters along some of Vero Beach's main thoroughfares. - The section of US Highway 1 closest to the property has an Average Annual Daily Traffic (AADT) count of approximately 30,500 vehicles per day. - Vero Beach and the Treasure Coast continue to see population growth, expanding residential development, and rising commercial activity— supporting long-term lodging demand.

FOR SALE DETAILS

PRICE

$4,750,000 USD

PRICE/SF

$161 USD /SF

# OF ROOMS

66

PRICE/ROOM

$71,970 {currency}

CAP RATE

7.68%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Econo Lodge Vero Beach

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1993

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.16 AC

LAND SF

94,090 SF

ZONING

CG

APN/PARCEL ID

33-39-12-00015-0000-00005.3

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.