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Travelodge Florida City (Miami) 409 SE 1st Ave 88 Room Hotel Florida City, FL 33034 $7,500,000 ($85,227/Room)
INVESTMENT HIGHLIGHTS
- Ideally located along Highway U.S. 1 at the gateway to the Florida Keys, and a 5-minute drive from Homestead-Miami Speedway
- Cash flowing asset with SBA financing available
- 3.1x room revenue multiple
- Flexible brand agreement that can be terminated through the end of 2025
- Two-story apartment building with three large living units included in sale
- Property is in excellent physical condition with no deferred maintenance
EXECUTIVE SUMMARY
Berkadia is pleased to present the Travelodge by Wyndham Florida City/Homestead/Everglades for acquisition of the fee-simple interest. The Property is located just off Florida’s Turnpike in Florida City, along Dixie Highway that leads directly to the Florida Keys, which welcomed an estimated 5.5 million visitors in 2024.
The Hotel offers 88 meticulously-maintained guestrooms, complimentary hot breakfast, heated outdoor pool, business center, guest laundry facilities, and outdoor tiki huts for guest use. The Travelodge has been awarded by Wyndham as the Top Travelodge by the Wyndham brand several years in a row and again in 2025. Long-term owners keep the hotel in excellent condition with no deferred maintenance. Ideal for an owner-operator looking for a plug and play cash-flowing business.
Included in the sale is a two-story apartment building featuring three spacious apartment units with central air, currently utilized for employee housing and storage located behind the Hotel. The ground floor features a four-bedroom, three-bath unit with two kitchens and ample storage area, while the second floor houses a two-bedroom, one-bath unit and a four-bedroom, one-bath unit. These residences present excellent potential for alternative uses, including owner or employee accommodations. A large exterior storage container is also included in the sale which currently sits in the east-end of the property.
The Hotel offers 88 meticulously-maintained guestrooms, complimentary hot breakfast, heated outdoor pool, business center, guest laundry facilities, and outdoor tiki huts for guest use. The Travelodge has been awarded by Wyndham as the Top Travelodge by the Wyndham brand several years in a row and again in 2025. Long-term owners keep the hotel in excellent condition with no deferred maintenance. Ideal for an owner-operator looking for a plug and play cash-flowing business.
Included in the sale is a two-story apartment building featuring three spacious apartment units with central air, currently utilized for employee housing and storage located behind the Hotel. The ground floor features a four-bedroom, three-bath unit with two kitchens and ample storage area, while the second floor houses a two-bedroom, one-bath unit and a four-bedroom, one-bath unit. These residences present excellent potential for alternative uses, including owner or employee accommodations. A large exterior storage container is also included in the sale which currently sits in the east-end of the property.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $7,500,000 | Building Size | 38,727 SF |
| Price Per Room | $85,227 | No. Rooms | 88 |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Hospitality | Year Built | 1997 |
| Property Subtype | Hotel | Parking Ratio | 2.01/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 2.62 AC | ||
| Zoning | I - Industrial | ||
| Price | $7,500,000 |
| Price Per Room | $85,227 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.62 AC |
| Building Size | 38,727 SF |
| No. Rooms | 88 |
| No. Stories | 1 |
| Year Built | 1997 |
| Parking Ratio | 2.01/1,000 SF |
| Corridor | Exterior |
| Zoning | I - Industrial |
AMENITIES
- Business Center
- Pool
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 88 | $99.00 | - |
1 1
PROPERTY TAXES
| Parcel Number | 16-7930-002-0010 | Improvements Assessment | $2,535,273 (2025) |
| Land Assessment | $2,164,727 (2025) | Total Assessment | $4,700,000 (2025) |
PROPERTY TAXES
Parcel Number
16-7930-002-0010
Land Assessment
$2,164,727 (2025)
Improvements Assessment
$2,535,273 (2025)
Total Assessment
$4,700,000 (2025)
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Travelodge Florida City (Miami) | 409 SE 1st Ave
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