1700 S Federal Hwy - Hospitality FOR SALE


Lake Worth, FL 33460- South Palm Park
$3,650,000 USD
954-501-5020
1700 S Federal Hwy, Lake Worth, FL for Sale
$3,650,000 USD
Hospitality - FOR SALE
1/36
null | 8.85% Cap Rate

1700 S Federal Hwy
Lake Worth, FL 33460
South Palm Park


HIGHLIGHTS

  • Located Between Lake Worth Beach and Lantana Offering Access to Local Retail and Restaurants in Both Cities
  • Fully Remodeled Interiors Throughout
  • Over $720,000 in Total Revenue in 2024
  • 1990 Concrete Block Construction

OVERVIEW

Marcus & Millichap, as exclusive listing agents, are pleased to present the Sunny Palms Inn, a 22-unit hospitality property located at 1700 S Federal Hwy in Lake Worth Beach, Florida. Constructed in 1990, this 7,986-square-foot establishment occupies a 0.54-acre lot and comprises 20 standard motel rooms, one studio suite, and one one-bedroom/one-bathroom suite. Currently operating as short-term rentals, the property offers a versatile investment opportunity in a thriving market. Sunny Palms Inn benefits from a prime location in Lake Worth Beach, offering convenient access to key economic and lifestyle drivers. The property is just 2.6 miles from the Lake Worth Tri-Rail Station, providing direct connectivity to major employment hubs. Nearby, JFK Medical Center, located 5 miles west, serves as a significant regional employer, while Palm Beach State College’s Lake Worth campus, approximately 4 miles away, attracts students and faculty. Downtown Lake Worth Beach, less than 2 miles north, offers a vibrant mix of retail, dining, and cultural attractions, while Lake Worth Beach Park, just 1.5 miles away, provides direct access to the Atlantic Ocean. Sunny Palms Inn presents a compelling investment opportunity, combining a strategic location with diverse accommodation options. The property's proximity to major transportation hubs, healthcare facilities, educational institutions, retail centers, and recreational areas enhances its appeal to a broad spectrum of short-term guests. Investors can capitalize on the robust demand for flexible lodging solutions in the Lake Worth Beach area, positioning the Sunny Palms Inn for sustained income generation and potential appreciation.

FOR SALE DETAILS

PRICE

$3,650,000 USD

PRICE/SF

$457 USD /SF

# OF ROOMS

22

PRICE/ROOM

$165,909 {currency}

CAP RATE

8.85%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sunny Palms Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1990

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

MU-FH

APN/PARCEL ID

38-43-44-34-04-000-0150

ASK ABOUT THIS PROPERTY

Daniel CunninghamMarcus & MillichapMore Info
954-501-5020

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Daniel CunninghamMarcus & MillichapMore Info
954-501-5020

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