For Sale
$3,400,000

714 Dixie Hwy Lake Worth Beach, FL 33460

19-Key Hotel, Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
138
This 19-key hotel in Lake Worth Beach, Florida, presents a compelling value-add investment opportunity. Located at 714 S Dixie Hwy, this two-story, 6,944 square foot property sits on a 14,096 square foot lot and was built in 1981. The hotel boasts a prime location with high traffic volume (13,700 AADT), offering significant potential for increased revenue. Its proximity to Palm Beach International Airport (10-minute drive) and the Lantana Sports Complex (7-minute drive) further enhances its appeal. Zoned MU-DIXIE (Mixed Use), the property offers untapped potential within Lake Worth Beach's thriving area. The asking price is $3,400,000, translating to $504.03 per square foot and $178,947.37 per key. This meticulously maintained hotel offers a blend of luxury and convenience, making it an attractive investment for those seeking a strong return. The property consists of one building and features 19 keys.

Highlights

  • 19-key hotel in Lake Worth Beach, FL, offering a value-add investment opportunity.
  • Located at 714 S Dixie Hwy, on a 14,096 SF lot, with 6,944 SF building.
  • High traffic location (13,700 AADT), near Palm Beach International Airport and Lantana Sports Complex.
  • Mixed-Use zoning (MU-DIXIE) allows for potential expansion.
  • Asking price: $3,400,000 ($504.03/SF, $178,947.37/key).

Property Details for 714 Dixie Hwy

Property type
Hospitality properties, Hotels
Square Feet
6,944 SF
Year Built
1981
Buildings
1
Stories
2

Location Insight

City
Lake Worth Beach
County
Palm Beach
State
Florida
Latitude
26.6066956
Longitude
-80.057356

FAQs

What type of property is this?
Hospitality property - 19-Key Hotel, Value-Add Opportunity
Where is the hospitality property located?
The property is located at 714 Dixie Hwy Lake Worth Beach, FL.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: 19-key hotel in Lake Worth Beach, FL, offering a value-add investment opportunity.; Located at 714 S Dixie Hwy, on a 14,096 SF lot, with 6,944 SF building.; High traffic location (13,700 AADT), near Palm Beach International Airport and Lantana Sports Complex.
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714 Dixie Hwy
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