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Best Western Gateway To The Keys 411 S Krome Ave 114 Room Hotel Florida City, FL 33034 $10,900,000 ($95,614/Room) 8% Cap Rate
Investment Highlights
- Turnkey hospitality property 5 miles away from Homestead Miami Speedway and Everglades Alligator Farm
- Prime location just a 12-minute walk from Florida Keys Outlet
- Business center and vending machines on-site for guest convenience
- 114 rooms, swimming pool, lounge, barbecue facilities
- Free private parking and complimentary WiFi throughout
- Easy access to Homestead Miami Speedway and Everglades Alligator Farm
Executive Summary
Best Western Gateway To The Keys, is right next to US-1 Hwy on the way to the FL keys! It has 114 rooms, with an outdoor swimming pool, free private parking, a shared lounge and barbecue facilities. Currently at a 8.6% Cap rate. With free WiFi, this 3-star hotel offers a 24-hour front desk and an ATM. All guest rooms come with air conditioning, a flat-screen TV with cable channels, a fridge, a coffee machine, a shower, free toiletries and a closet. All rooms feature a private bathroom, a hairdryer and bed linen. Guests at the hotel can enjoy an American breakfast. A business center and vending machines with snacks and drinks are available on site at Best Western Gateway To The Keys - Florida City, Homestead, Everglades.
Property Facts
| Price | $10,900,000 | Building Size | 62,650 SF |
| Price Per Room | $95,614 | No. Rooms | 114 |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 8% | Year Built/Renovated | 1994/2012 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 1.92/1,000 SF |
| Building Class | B | Corridor | Exterior |
| Lot Size | 3.49 AC | ||
| Zoning | 7000 - Residential | ||
| Price | $10,900,000 |
| Price Per Room | $95,614 |
| Sale Type | Investment |
| Cap Rate | 8% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.49 AC |
| Building Size | 62,650 SF |
| No. Rooms | 114 |
| No. Stories | 2 |
| Year Built/Renovated | 1994/2012 |
| Tenancy | Single |
| Parking Ratio | 1.92/1,000 SF |
| Corridor | Exterior |
| Zoning | 7000 - Residential |
Amenities
- Business Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 5 | $184.00 | - |
| Guest Room | 109 | $165.00 | - |
Property Taxes
| Parcel Number | 16-7930-001-0281 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $5,563,580 |
Property Taxes
Parcel Number
16-7930-001-0281
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$5,563,580
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Best Western Gateway To The Keys | 411 S Krome Ave
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