1105 Federal HwyLake Worth Beach, FL 33460

Property Details for 1105 Federal Hwy

Year built

1990

Construction

CONCRETE

Lot size

0.31 AC

Property size (Sq ft)

5,286 SF

Zone code

MU-FH

Property type

Hospitality properties

Property subtype

Hotels

APN

38-43-44-27-01-048-0090

APU

38434427010480090

Description

This exceptional 14-unit hotel in Lake Worth Beach, Florida presents a lucrative investment opportunity. The two-story concrete block building, constructed in 1990, has undergone a comprehensive renovation. Improvements include a brand-new roof, impact-resistant windows and doors, updated signage, and a modern security camera system. All 14 units boast recently renovated interiors featuring stainless steel appliances, granite countertops, porcelain flooring, new window blinds, and contemporary kitchen cabinetry. Twelve units are equipped with new Mitsubishi mini-split air conditioning units. The property benefits from a transient license, allowing for flexible short-term or long-term rental strategies. Historically operating at near 100% occupancy, the hotel achieves effective rents of $1,678 per unit. Located at 1105 S Federal Hwy #1, Lake Worth, FL 33460, in Palm Beach County, this property offers a compelling combination of strong performance and modern amenities. The asking price is $2,250,000. This turnkey operation is ready for immediate income generation and presents significant potential for future growth. The property's concrete block construction ensures durability and longevity, while the recent renovations minimize immediate capital expenditure needs. The strategic location in Lake Worth Beach provides easy access to local attractions and amenities, further enhancing its appeal to both short-term and long-term renters.

• CAP approach

  CAP return

  Valuation

  6%

  $1,728,457

  6.5%

  $1,595,499

  7%

  $1,481,535

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,378,176

  Geo Method

  $3,378,176

• Alternative Use

  Use

  Valuation

  Residential

  $1,741,821

  Hospitality

  $1,595,499

  Educational

  $1,327,436

  Medical

  $1,373,089

  Retail

  $2,064,901

Location Insight

City

Lake Worth

County

Palm Beach

State

Florida

Latitude

26.6022

Longitude

-80.0526

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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