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
1/6
null | 9.16% Cap Rate

3220 S Fiske Blvd
Rockledge, FL 32955


HIGHLIGHTS

  • Generating $1,790 Monthly Per Unit from Long-Term Weekly Tenants
  • Pool and Tennis Courts Produce $72,000 Base Rent Plus NNN Annually | Five Year Lease Expiring 2029
  • 15 Min Drive From Port Canaveral and NASA Station
  • Property Purchased Vacant and Fully Renivated and Leased in 2023
  • High-Demand Area Benefiting from Cape Canaveral Space Coast Tourism
  • Ideal Air BNB | VRBO Conversion| Average Price Per Night $120

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 weekly motel offers a unique opportunity for investors seeking stable income in a thriving tourist market of Cape Canaveral and the Florida Space Coast, a nationally desired tourist destination. 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. Value add opportuntiy through conversion of subject to AIR BNB or VRBO. The property also features additional income sources via retial tenant, including pool and court rentals generating $6,000 monthly with NNN pro rate reimbursements and a fresh five year lease. Strategically located off Interstate 95, minutes from Port Canaveral, NASA, major thoroughfares and local beaches, the Rockledge Motel is ideally positioned to serve both tourism guests and local weekly 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

ADD'L SUBTYPES

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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.