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Holiday House Motel 320 N Federal Hwy 30 Room Hotel Lake Worth, FL 33460 $4,350,000 ($145,000/Room) 9.17% Cap Rate
Investment Highlights
- Great Value Add Potential
- Lake Worth Beach is nestled between booming Palm Beach and Delray Beach
- Two Buildings - Can Renovate one at a time and mantain cashflow during renovation
- Walkability to the Golf Course, Lake and Lucerne Ave, Beaches
- Hopsitality in the area include 4-5 Star Hotels with a need for boutique establishments
- Pool and Office
Executive Summary
The Holiday House Motel presents a rare boutique hospitality repositioning opportunity in the heart of Lake Worth Beach. The 30-unit property is prominently positioned along the highly traveled Federal Highway corridor, offering strong visibility and convenient access just minutes from the beach, Downtown Lake Worth Beach, and Palm Beach Island.
With an existing motel license in place, the property offers investors an opportunity to reposition a classic South Florida motel into a modern boutique hospitality concept. Its expansive courtyard and pool-centric layout provide a strong foundation for a distinctive guest experience while capitalizing on increasing tourism and continued investment throughout the surrounding coastal market.
Ideally situated near Lake Worth Beach’s beaches, golf courses, marinas, parks, and the popular dining and entertainment corridors of Lake Avenue and Lucerne Avenue, the Holiday House Motel is well positioned to serve leisure, seasonal, and extended-stay visitors.
The property also benefits from its proximity to Palm Beach County’s established luxury hospitality market, including Four Seasons Resort Palm Beach, Tideline Palm Beach Ocean Resort & Spa, and Eau Palm Beach Resort & Spa, as well as the ongoing redevelopment of the historic Gulfstream Hotel. Despite significant hospitality investment throughout the coastal Palm Beach County market, boutique lodging inventory remains limited near Downtown Lake Worth Beach and the beachfront corridor.
The Holiday House Motel offers a compelling opportunity to create a differentiated boutique destination in one of South Florida’s evolving coastal communities.
With an existing motel license in place, the property offers investors an opportunity to reposition a classic South Florida motel into a modern boutique hospitality concept. Its expansive courtyard and pool-centric layout provide a strong foundation for a distinctive guest experience while capitalizing on increasing tourism and continued investment throughout the surrounding coastal market.
Ideally situated near Lake Worth Beach’s beaches, golf courses, marinas, parks, and the popular dining and entertainment corridors of Lake Avenue and Lucerne Avenue, the Holiday House Motel is well positioned to serve leisure, seasonal, and extended-stay visitors.
The property also benefits from its proximity to Palm Beach County’s established luxury hospitality market, including Four Seasons Resort Palm Beach, Tideline Palm Beach Ocean Resort & Spa, and Eau Palm Beach Resort & Spa, as well as the ongoing redevelopment of the historic Gulfstream Hotel. Despite significant hospitality investment throughout the coastal Palm Beach County market, boutique lodging inventory remains limited near Downtown Lake Worth Beach and the beachfront corridor.
The Holiday House Motel offers a compelling opportunity to create a differentiated boutique destination in one of South Florida’s evolving coastal communities.
Property Facts
| Price | $4,350,000 | Lot Size | 0.60 AC |
| Price Per Room | $145,000 | Building Size | 11,810 SF |
| Sale Type | Investment | No. Rooms | 30 |
| Cap Rate | 9.17% | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1950 |
| Property Subtype | Hotel | Parking Ratio | 1.69/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Zoning | MU-E - MU-E land use category is intended to provide for a mixture of residential, office, service, and commercial retail uses. | ||
| Price | $4,350,000 |
| Price Per Room | $145,000 |
| Sale Type | Investment |
| Cap Rate | 9.17% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.60 AC |
| Building Size | 11,810 SF |
| No. Rooms | 30 |
| No. Stories | 2 |
| Year Built | 1950 |
| Parking Ratio | 1.69/1,000 SF |
| Corridor | Exterior |
| Zoning | MU-E - MU-E land use category is intended to provide for a mixture of residential, office, service, and commercial retail uses. |
Amenities
- High Speed Internet Access
- Patio
- Outdoor Pool
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 30 | $90.00 | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 38-43-44-21-15-096-0050 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,186,688 |
Property Taxes
Parcel Number
38-43-44-21-15-096-0050
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,186,688
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Holiday House Motel | 320 N Federal Hwy