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Listed by The Keyes Company
$4,950,000
Est. payment /mo
31 Baths
11,810 SqFt
UPDATED:
12/28/2024 06:22 PM
Key Details
Property Type Commercial
Sub Type Hotel-Motel
Listing Status Active
Purchase Type For Sale
Square Footage 11,810 sqft
Price per Sqft $419
Subdivision Lake Worth Town Of
MLS Listing ID RX-11003143
Year Built 1950
Annual Tax Amount $29,692
Tax Year 2023
Lot Size 0.600 Acres
Property Description
Investment Opportunity: Holiday House Motel in Lake Worth Beach, FL.Welcome to the Holiday House Motel, a prime commercial real estate opportunity nestledin the heart of Lake Worth Beach, FL. Located at 320 N. Federal Highway, thismeticulously maintained property spans approximately 0.5971 acres and boasts astrategic location near the beach and downtown district. The three buildings are 11,810sq. ft. on two floors.Property Overview:Motel Features: The Holiday House Motel offers 30 well-appointed rooms spread acrosstwo floors, catering to a diverse range of guests from weekly renters to long-termtenants.Residential Units: In addition to the motel rooms, the property includes a one-bedroomapartment and three two-bedroom apartments, providing additional income.
Location
State FL
County Palm Beach
Area 5600
Zoning MU-E(c
Interior
Heating Electric
Cooling Electric
Flooring Ceramic Tile
Fireplaces Type Smoke Alarm, Smoke Detector
Exterior
Utilities Available Cable, Public Sewer, Public Water
Roof Type Other
Building
Story 100.00
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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Milton Knight, CRS
Principal Real Estate Broker | License ID: 0663675
Principal Real Estate Broker License ID: 0663675