Rockledge Living Lodge 3220 S Fiske Blvd 23 Room Hotel Rockledge, FL 32955 $4,500,000 ($195,652/Room) 9.16% Cap Rate

Marcus & Millichap is pleased to present the opportunity to acquire a multi-unit property at 3220 S Fiske Blvd in Rockledge, FL. This fully operational weekly motel offers a unique opportunity for investors seeking stable income in a thriving tourist market of Cape Canaveral and the Florida Space Coast, a nationally desired tourist destination. The property comprises over 20 units, with an additional three units under construction, generating consistent weekly and monthly rental income. Most tenants have long-term stays exceeding six months, ensuring a steady revenue stream. Value add opportuntiy through conversion of subject to AIR BNB or VRBO. The property also features additional income sources via retial tenant, including pool and court rentals generating $6,000 monthly with NNN pro rate reimbursements and a fresh five year lease.
Strategically located off Interstate 95, minutes from Port Canaveral, NASA, major thoroughfares and local beaches, the Rockledge Motel is ideally positioned to serve both tourism guests and local weekly residents. Its proximity to key employment centers, retail, and dining options enhances its appeal to tenants and investors alike.