3220 S Fiske Blvd - Hospitality FOR SALE


Rockledge, FL 32955
$4,500,000 USD
904-672-1443
3220 S Fiske Blvd, Rockledge, FL for Sale
$4,500,000 USD
Hospitality - FOR SALE
1/4
null | 9.16% Cap Rate

3220 S Fiske Blvd
Rockledge, FL 32955


HIGHLIGHTS

  • Generating $1,790 Monthly Per Unit from Long-Term Tenants
  • Pool and Courts Produce $6,000 Monthly (Net-Net)
  • Turnkey Investment With Minimal Initial Capital Expenditure
  • Property Purchased Vacant and Fully Leased in 2023
  • High-Demand Area Benefiting from Population and Economic Growth

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire a multi-unit property at 3220 S Fiske Blvd in Rockledge, FL. This fully operational motel offers a unique opportunity for investors seeking stable income in a thriving market. The property comprises over 20 units, with an additional three units under construction, generating consistent weekly and monthly rental income. Most tenants have long-term stays exceeding six months, ensuring a steady revenue stream. The property also features additional income sources, including pool and court rentals generating $6,000 monthly. Strategically located near major thoroughfares and amenities, the Rockledge Motel is ideally positioned to serve both transient guests and long-term residents. Its proximity to key employment centers, retail, and dining options enhances its appeal to tenants and investors alike.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$388 USD /SF

# OF ROOMS

23

PRICE/ROOM

$195,652 {currency}

CAP RATE

9.16%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rockledge Living Lodge

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1991

PARKING SPACES

24

LAND DETAILS

LAND ACRES

5 AC

LAND SF

217,800 SF

ZONING

C2

APN/PARCEL ID

25-36-17-00-00758.0-0000.00

ASK ABOUT THIS PROPERTY

Simon GrigoryanMarcus & Millichap | Simon Retail GroupMore Info
904-672-1443

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Simon GrigoryanMarcus & Millichap | Simon Retail GroupMore Info
904-672-1443

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