Pleased to offer for sale this 104 unit operating hotel and rental property. Sited on 2.98 +/- acres of land with approximately 455 feet of frontage on S Federal Highway, this property offers a new owner the opportunity to flag the hotel with a new brand or redevelop the property for a variety of uses including hotel, multifamily rental, condominium, and retail. There are a total of four buildings, all exterior corridor walk-up, with a variety of room configurations in each building. Additionally, the original site plan approvals called for two more buildings on the southeast portion of the site (which were never constructed), which may provide an upside opportunity for a new owner. The location of this property is prime - just 1.2 miles to the beaches, and 1.4 miles to Interstate 95.
Commercial, Hotel / Motel, Resident. Multi-Fam.
Equipment, Fixtures, Furniture, Signs, Trade Name
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|Price Reduced from $10,000,000 to $9,250,000|
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Listing information last updated on September 18th, 2020 at 4:22am EDT.