Rockledge Living Lodge | 3220 S Fiske Blvd
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Rockledge Living Lodge 3220 S Fiske Blvd
23 Room Hotel Rockledge, FL 32955 $4,500,000 ($195,652/Room) 9.16% Cap Rate
Investment Highlights
- Generating $1,790 Monthly Per Unit from Long-Term Weekly Tenants
- 15 Min Drive From Port Canaveral and NASA Station
- High-Demand Area Benefiting from Cape Canaveral Space Coast Tourism
- Pool and Tennis Courts Produce $72,000 Base Rent Plus NNN Annually | Five Year Lease Expiring 2029
- Property Purchased Vacant and Fully Renivated and Leased in 2023
- Ideal Air BNB | VRBO Conversion| Average Price Per Night $120
Executive Summary
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.
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.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Amenities
- Pool
- Wheelchair Accessible
- Outdoor Pool
- Tennis
- Public Access Wifi
- Fiber Optic Internet
- Smoke Detector
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 9 | $103.00 | - |
| Guest Room | 14 | $77.00 | - |
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PROPERTY TAXES
| Parcel Number | 25-36-17-00-00758.0-0000.00 | Improvements Assessment | $764,150 |
| Land Assessment | $871,200 | Total Assessment | $1,635,350 |
PROPERTY TAXES
Parcel Number
25-36-17-00-00758.0-0000.00
Land Assessment
$871,200
Improvements Assessment
$764,150
Total Assessment
$1,635,350
zoning
| Zoning Code | C2 (Commercial C2 General Use - NO height restrictions) |
| C2 (Commercial C2 General Use - NO height restrictions) |
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Rockledge Living Lodge | 3220 S Fiske Blvd
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