124 E Palm Dr, Florida City, FL 33034 For Sale

Property Highlights

• Strategic Highway Location | Positioned directly adjacent to U.S. Route 1 (33,000 AADT) and near the Florida Turnpike (51,000 AADT).
• Gateway to the Florida Keys | Located at the entrance to the Florida Keys and between Biscayne National Park and Everglades National Park, capturing significant leisure and tourism-driven demand from both domestic and international travelers.
• Upside Opportunity | Property is currently underperforming its competitive set, with RevPAR approximately 31% below STR averages, presenting a clear path to revenue growth through improved operations.
• Operations | The 118-room configuration provides meaningful operational scale relative to competing assets, supporting improved revenue potential and cost efficiencies
• Concrete Construction | Built in 1990 with durable concrete construction.

Location Highlights

• Adjacent – US Route 1 (33,000 AADT)

• 0.1 Miles – Florida Turnpike (51,000 AADT)

• 2.1 Miles – Miami Dade College – Homestead

• 3.3 Miles – Homestead Sports Complex

• 4.0 Miles – Baptist Health Hospital

• 4.7 Miles – Homestead-Miami Speedway

• 5.0 Miles – Coral Castle Museum

• 8.3 Miles – Homestead Air Reserve Base

• 9.2 Miles – Biscayne National Park

• 9.3 Miles – Everglades National Park

• 9.9 Miles – Homestead Bayfront Park

• 27.6 Miles – Florida Keys