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1528 S Federal Hwy
Lake Worth, FL 33460
Caribbean Villas Motel · Hospitality Property For Sale
·
17 Rooms


Investment Highlights
- 17-Unit Boutique Motel On A 0.39-Acre Site Along Federal Highway
- On-Site Pool, Laundry Room, Office, And Sun Deck Amenity Area
- Convenient Access To Downtown Lake Worth Beach, Lantana, And Coastal Amenities
- 12 Of 17 Units Significantly Renovated With Additional Upside Remaining
- Potential To Reposition Or Further Enhance Operations And Revenue
Executive Summary
Marcus & Millichap is pleased to present Caribbean Villas Motel, a 17-unit hospitality asset located at 1528 S Federal Highway in Lake Worth Beach, Florida. The property totals 6,187 gross square feet and is situated on a 0.39-acre lot, offering a boutique layout with significant operational flexibility and repositioning potential. The motel features a barrel tile roof, wall-unit air conditioning, an on-site swimming pool, dedicated laundry room, and an on-site office to support day-to-day operations. Additionally, the property includes an elevated sun deck area that could be transformed into a resident lounge, entertainment area, or additional amenity space, enhancing guest experience and increasing competitive positioning. Ownership has completed substantial renovations to 12 of the 17 units, with remodeling efforts nearing completion. Improvements have modernized a significant portion of the property, creating the opportunity for a future owner to continue repositioning efforts, optimize operations, and potentially increase revenue.
Caribbean Villas Motel benefits from a strategic location along South Federal Highway, providing convenient access to both Downtown Lake Worth Beach and Downtown Lantana, two active coastal corridors with growing dining, retail, and entertainment offerings. The property is also minutes from Lake Worth Beach and the Intracoastal Waterway, while nearby employment drivers include JFK Medical Center, Palm Beach County municipal offices, and surrounding service and hospitality industries.
With continued investment throughout coastal Palm Beach County and strong demand for affordable lodging and extended-stay accommodations, Caribbean Villas Motel presents an opportunity to acquire a partially renovated boutique hospitality asset with operational upside in a highly accessible location.
Caribbean Villas Motel benefits from a strategic location along South Federal Highway, providing convenient access to both Downtown Lake Worth Beach and Downtown Lantana, two active coastal corridors with growing dining, retail, and entertainment offerings. The property is also minutes from Lake Worth Beach and the Intracoastal Waterway, while nearby employment drivers include JFK Medical Center, Palm Beach County municipal offices, and surrounding service and hospitality industries.
With continued investment throughout coastal Palm Beach County and strong demand for affordable lodging and extended-stay accommodations, Caribbean Villas Motel presents an opportunity to acquire a partially renovated boutique hospitality asset with operational upside in a highly accessible location.
Property Facts
| Price Per Room | $135,294 | Lot Size | 0.39 AC |
| Sale Type | Investment | Building Size | 6,317 SF |
| Cap Rate | 10.21% | No. Rooms | 17 |
| Sale Condition | High Vacancy Property | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1990 |
| Property Subtype | Hotel | Parking Ratio | 3.65/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Zoning | PO/MF-20, Lake Worth | ||
| Price Per Room | $135,294 |
| Sale Type | Investment |
| Cap Rate | 10.21% |
| Sale Condition | High Vacancy Property |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.39 AC |
| Building Size | 6,317 SF |
| No. Rooms | 17 |
| No. Stories | 2 |
| Year Built | 1990 |
| Parking Ratio | 3.65/1,000 SF |
| Corridor | Exterior |
| Zoning | PO/MF-20, Lake Worth |
Amenities
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 17 | $55.00 | 364 |
Property Taxes
| Parcel Number | 38-43-44-27-01-085-0031 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,278,814 |
Property Taxes
Parcel Number
38-43-44-27-01-085-0031
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,278,814
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