320 Federal HwyLake Worth Beach, FL 33460

Property Details for 320 Federal Hwy

Year built

1950

Construction

CONCRETE

Lot size

0.60 AC

Property size (Sq ft)

6,318 SF

Zone code

MU-E

Property type

Hospitality properties

Property subtype

Hotels

APN

38-43-44-21-15-096-0050

APU

38434421150960050

Description

Prime investment opportunity: The Holiday House Motel, located at 320 N Federal Highway in Lake Worth Beach, Florida (zip code 33460), presents a compelling opportunity. This meticulously maintained property encompasses 11,810 square feet across three buildings on approximately 0.5971 acres. Built in 1950, the motel features 30 well-appointed rooms, catering to a diverse clientele including weekly and long-term renters. Adding to the income potential are four residential units: one one-bedroom apartment and three two-bedroom apartments. The property's strategic location near the beach and downtown district ensures high occupancy rates and strong rental demand. The asking price for this exceptional commercial property is $4,950,000. This is a rare chance to acquire a well-established, income-generating motel in a thriving Florida coastal community. The property is situated in Palm Beach County and offers significant potential for future growth and appreciation. The two-story buildings provide ample space for both guest accommodations and residential units, maximizing revenue streams. This is an excellent opportunity for investors seeking a strong return on investment in a desirable location.

Location Insight

City

Lake Worth

County

Palm Beach

State

Florida

Latitude

26.6198

Longitude

-80.052

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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