For Sale
$895,000

350 6Th StPompano Beach, FL 33060

High-Yield Motel, 17 Keys, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a fully stabilized 17-key motel in the thriving Pompano Beach, Florida market. Located at 350 NW 6th St, this property boasts a strong financial performance, with a Net Operating Income (NOI) of $120,000 and a compelling 13.41% capitalization rate. The asking price is $895,000. Built in 1956, the two-story building sits on an 8,049 square foot lot and is zoned TO-DPOD-TRANSIT ORIENTED, offering potential for future development or expansion. The property's current configuration includes 17 keys, providing immediate cash flow. This established motel presents a rare chance to acquire a proven performer in a desirable location. The property's strong financial metrics and prime location in Broward County, Florida, make it an attractive investment for both seasoned and new investors seeking a stable and profitable venture in the hospitality sector. The property's solid history and current performance make it a low-risk, high-reward opportunity. This is a turnkey operation ready for immediate ownership and income generation. The convenient location in Pompano Beach offers easy access to major transportation routes and local amenities.

Highlights

  • Asking price: $895,000
  • 17-key motel in Pompano Beach, Florida
  • 13.41% cap rate with a $120,000 NOI
  • Built in 1956, two-story building on an 8,049 sq ft lot
  • Transit-oriented zoning (TO-DPOD).

Property Details for 350 6Th St

Property type
Hospitality properties, Motels
Year Built
1956
Buildings
1
Stories
2

Location Insight

City
Pompano Beach
County
Broward
State
Florida
Latitude
26.236711413545
Longitude
-80.128951854205
350 6Th St, Pompano Beach, Florida

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350 6Th St
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