1505 Belvedere Rd | West Palm Beach, FL 33406
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- LoopNet Team
1505 Belvedere Rd
West Palm Beach, FL 33406
Quality Inn and IHOP · Hospitality Property For Sale
·
53,544 SF
Investment Highlights
- Situated near Palm Beach International Airport and major transportation routes.
- The Property is experiencing tremendous revenue growth (47% year over year) which is expected to continue.
- Opportunities to improve occupancy rates, align with market performance benchmarks, and optimize revenue management strategies.
- Property benefits from steady demand from business and leisure travelers.
- The surrounding area’s numerous multifamily developments and increasing amenities drive local economic expansion and enhance lodging demand.
- IHOP does not utilize the full space and is well below market, creating huge upside to re-lease the space.
Property Facts
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 1986/2017 |
| Building Class | B | Tenancy | Single |
| Lot Size | 3.06 AC | Parking Ratio | 2.24/1,000 SF |
| Building Size | 53,544 SF | Corridor | Exterior |
| Zoning | GC - Commercial General | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.06 AC |
| Building Size | 53,544 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1986/2017 |
| Tenancy | Single |
| Parking Ratio | 2.24/1,000 SF |
| Corridor | Exterior |
| Zoning | GC - Commercial General |
Amenities
- Pool
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
Property Taxes
| Parcel Number | 74-43-43-29-00-000-5400 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $9,266,441 |
Property Taxes
Parcel Number
74-43-43-29-00-000-5400
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$9,266,441
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