1600 N Federal Hwy - Hospitality FOR SALE


Delray Beach, FL 33483
$2,100,000 USD
954-740-1036
1600 N Federal Hwy, Delray Beach, FL for Sale
$2,100,000 USD
Hospitality - FOR SALE
1/10
null | Request Cap Rate

1600 N Federal Hwy
Delray Beach, FL 33483


OVERVIEW

Exclusive Hotel Redevelopment Opportunity in Delray Beach This 11-key motel/hotel is a rare investment opportunity in a high-demand market, Delray Beach. It is primed for redevelopment in a market where no new hotel licenses are being issued. Previously approved plans for a 29-key expansion provide a strong foundation for investors looking to maximize potential, though the approvals have since expired. Located in a highly desirable area with a strong demand for accommodations, this property offers immediate limited income with the existing structure while presenting a unique chance to create a high-end lodging experience. With Delray Beach’s thriving tourism and hospitality market, this is an unparalleled opportunity to develop a sought-after destination. Investment Highlights • Rare Hospitality – Existing 11-key motel/hotel in a high-demand market • Grandfathered Hotel License – No new hotel licenses are being issued in Delray Beach • Previously Approved Redevelopment Plans – Previously approved plans for a 29-key expansion (Expired), providing a strong framework for future development. • Prime Location – Situated in one of South Florida’s most desirable areas, attracting year-round tourism and business travelers • High Demand for Boutique Accommodations – Strong market fundamentals with limited competition • Multiple Exit Strategies – Operate as-is, renovate for higher revenue, or pursue full-scale redevelopment This is a rare opportunity to invest in Delray Beach’s thriving hospitality market. Contact us today for more details. “The property is being sold in ‘as-is’ condition, with no warranties or representations made by the seller.” ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO, SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS IN PROPERTY LISTINGS, SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT, OR ZONING EXPERT. “This property is being sold in its present ‘as-is, where-is’ condition, with all faults, and without any representations or warranties, express or implied, by the seller or its agents. The seller makes no guarantees regarding the condition, zoning, compliance, financial performance, or future use of the property. All prospective buyers are advised to conduct their own due diligence, inspections, and verifications, including but not limited to physical condition, environmental assessments, financial records, permits, and zoning regulations. The seller and broker make no warranties as to the accuracy of any financial, operational, or other information provided and shall not be held responsible for any errors or omissions. The buyer assumes full responsibility for verifying all aspects of the property prior to purchase. No repairs, concessions, or credits will be provided by the seller. Sale is subject to all existing leases, agreements, and encumbrances.”

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$582 USD /SF

# OF ROOMS

11

PRICE/ROOM

$190,909 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Motel and More

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1954

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,460 SF

ZONING

GC, Delray Beach

APN/PARCEL ID

12-43-46-09-12-000-0012

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 Policy.