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33704256
33704258

1528 S Federal Hwy, Lake Worth Beach, FL 33460

ER
FL FL SL3134745
Marcus & Millichap - Fort Lauderdale
CS
FL SL-3605832
Marcus & Millichap - Fort Lauderdale
DC
FL SL 3234051
Marcus & Millichap - Fort Lauderdale
Marcus & Millichap - Fort Lauderdale
Marcus & Millichap - Fort Lauderdale
Listed by Marcus & Millichap - Fort Lauderdale
$2,300,000
14 days on market
Updated 14 days ago

Caribbean Villas Motel

Details
Property Type Hospitality
Sub Type Motel
Square Footage 6,187
Units 17
Cap Rate 10.21%
NOI $234,855
Tenancy Vacant
Pro-Forma Cap Rate 10.21%
Pro-Forma NOI $234,855
Price per SqFt $372
Broker Co-Op True
Class C
Year Built 1990
Buildings 1
Stories 2
Acreage 0.390
Parking Spaces 20 spaces
Parking Per SqFt 3.23
Investment Type Value Add
Ownership Fee Simple

Hospitality | 17 Keys | $135,294/key

Marketing description

Marcus & Millichap is pleased to present Caribbean Villas Motel, a 17-unit hospitality asset located at 1528 S Federal Highway in Lake Worth Beach, Florida. The property totals 6,187 gross square feet and is situated on a 0.39-acre lot, offering a boutique layout with significant operational flexibility and repositioning potential. The motel features a barrel tile roof, wall-unit air conditioning, an on-site swimming pool, dedicated laundry room, and an on-site office to support day-to-day operations. Additionally, the property includes an elevated sun deck area that could be transformed into a resident lounge, entertainment area, or additional amenity space, enhancing guest experience and increasing competitive positioning.

Ownership has completed substantial renovations to 12 of the 17 units, with remodeling efforts nearing completion. Improvements have modernized a significant portion of the property, creating the opportunity for a future owner to continue repositioning efforts, optimize operations, and potentially increase revenue.

Caribbean Villas Motel benefits from a strategic location along South Federal Highway, providing convenient access to both Downtown Lake Worth Beach and Downtown Lantana, two active coastal corridors with growing dining, retail, and entertainment offerings. The property is also minutes from Lake Worth Beach and the Intracoastal Waterway, while nearby employment drivers include JFK Medical Center, Palm Beach County municipal offices, and surrounding service and hospitality industries.

With continued investment throughout coastal Palm Beach County and strong demand for affordable lodging and extended-stay accommodations, Caribbean Villas Motel presents an opportunity to acquire a partially renovated boutique hospitality asset with operational upside in a highly accessible location.

Investment highlights

  • 17-Unit Boutique Motel On A 0.39-Acre Site Along Federal Highway
  • 12 Of 17 Units Significantly Renovated With Additional Upside Remaining
  • On-Site Pool, Laundry Room, Office, And Sun Deck Amenity Area
  • Potential To Reposition Or Further Enhance Operations And Revenue
  • Convenient Access To Downtown Lake Worth Beach, Lantana, And Coastal Amenities

Listing Contacts

ER
FL FL SL3134745
Marcus & Millichap - Fort Lauderdale
CS
FL SL-3605832
Marcus & Millichap - Fort Lauderdale
DC
FL SL 3234051
Marcus & Millichap - Fort Lauderdale
Marcus & Millichap - Fort Lauderdale
Marcus & Millichap - Fort Lauderdale
Listed by Marcus & Millichap - Fort Lauderdale

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$234,855.00
$19,571.25/mo

Valuation Metrics

0
DSCR
10.21%
Cap Rate
10.21%
ROI

Map

Zoning

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MU-FH MixedMixed UseMixed Use Federal Highway
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Last updated May 12, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Evan Richardson
License
FL SL3134745
Name
Cory Sanchez
License
SL-3605832
Brokerage
Marcus & Millichap
Title
Associate
Brokerage Address
5900 North Andrews Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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