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New Sun Gate Motel 901 S Federal Hwy

32 Room Hotel Lake Worth, FL 33460 $4,800,000 ($150,000/Room)

Investment Highlights

  • Thriving Lake Worth, Florida Motel for Sale: Your Dream Investment Opportunity!
  • The crystal-clear pool area provides a refreshing oasis for guests to unwind and soak up the Florida sun
  • Don't miss this incredible opportunity to own a thriving motel in the vibrant city of Lake Worth, Florida
  • 32 Thoughtfully Designed Motel Rooms.
  • Delectable On-Site Restaurant.

Executive Summary

32 Thoughtfully Designed Motel Rooms: Each room has been thoughtfully designed to ensure comfort and relaxation for your guests. Modern amenities, cozy furnishings, and attention to detail create an atmosphere that guarantees guest satisfaction and repeat business.
Inviting Pool Area: The crystal-clear pool area provides a refreshing oasis for guests to unwind and soak up the Florida sun. Whether it's a leisurely swim or a relaxing poolside lounge, your guests will find tranquility and enjoyment.
Delectable On-Site Restaurant: Enhance your guests' experience with a delightful culinary journey at the on-site restaurant. From breakfast to dinner, the restaurant offers an array of delectable dishes that cater to various tastes and preferences.
Convenient Sales Office: Streamline your operations with a fully-equipped sales office that ensures efficient guest check-ins, check-outs, and inquiries. This well-organized space serves as the hub for managing reservations and guest interactions.
Prime Location: Situated in the heart of Lake Worth, this motel enjoys proximity to local attractions, entertainment venues, and natural wonders, attracting a steady stream of visitors year-round.
Established Reputation: With a solid track record of positive reviews and guest satisfaction, the motel has earned a reputable standing in the hospitality industry.
Growth Potential: Capitalize on the potential for expansion and increased revenue through targeted marketing strategies, enhanced guest experiences, and potential room rate adjustments.
Turnkey Operation: The motel comes fully furnished and equipped, allowing for a seamless transition of ownership and immediate business operations.
Don't miss this incredible opportunity to own a thriving motel in the vibrant city of Lake Worth, Florida. Whether you're an experienced investor or a first-time business owner, this property promises a remarkable blend of lifestyle, profitability, and potential. Seize the moment and make this exceptional motel your next successful venture!
Artistic and Eclectic Vibe:
Lake Worth is renowned for its thriving arts scene and eclectic atmosphere. The city's downtown area is a hub of creativity, featuring art galleries, boutique shops, and vibrant street murals. The annual Lake Worth Street Painting Festival showcases stunning pavement art, drawing artists and art enthusiasts from around the world.
Historic Architecture:
The city's historic architecture adds a touch of nostalgia to its streets. Quaint cottages, Mediterranean Revival homes, and colorful bungalows reflect Lake Worth's rich history and diverse heritage. Exploring the neighborhoods is like taking a step back in time while enjoying modern amenities.
Lake Worth, Florida, is a harmonious blend of coastal beauty, artistic flair, and a warm community spirit. Whether you're seeking a serene beachside retreat or a lively cultural experience, Lake Worth has something to offer everyone. Immerse yourself in the charm of this coastal gem and discover why it's a destination that captures the hearts of those who visit and the souls of those who reside here.
Captivating Sunsets and Ocean Breezes: As the day winds down, be captivated by the mesmerizing sunsets that paint the sky in hues of orange and pink. Feel the gentle ocean breeze sweep across your skin as you take in the panoramic views from our outdoor seating areas. This is the perfect moment to reflect, relax, and cherish the magic of coastal living.
Comfortable Accommodations: The well-appointed rooms are designed to provide you with a comfortable and welcoming haven after a day of seaside fun. relax in cozy beds, unwind with modern amenities, and relish the thoughtfully curated decor that captures the essence of coastal living.
SOLAR PANELS HAVE BEEN ADDED FOR ELECTRIC INDEPENDENCE. SEE PICTURES OF THE ROOF.
Established Reputation: With a solid track record of positive reviews and guest satisfaction, the motel has earned a reputable standing in the hospitality industry.
Growth Potential: Capitalize on the potential for expansion and increased revenue through targeted marketing strategies, enhanced guest experiences, and potential room rate adjustments.
Turnkey Operation: The motel comes fully furnished and equipped, allowing for a seamless transition of ownership and immediate business operations.
Don't miss this incredible opportunity to own a thriving motel in the vibrant city of Lake Worth, Florida. Whether you're an experienced investor or a first-time business owner, this property promises a remarkable blend of lifestyle, profitability, and potential. Seize the moment and make this exceptional motel your next successful venture!
The New SunGate Motel Motel offers more than just a place to stay; it's an escape to a world where the beauty of the ocean and the serenity of the intercoastal waterway intertwine to create an unforgettable experience. Whether you're seeking a romantic getaway, a family vacation, or a serene solo retreat, our motel provides the perfect blend of relaxation, adventure, and coastal charm. The property includes thirty two motel rooms fully decorated, Inground Pool and lush landscaping patios surrounding the pool area, Sales Office, the motel also offers a fully operating Restaurant.
Nestled along the sun-kissed shores of the Atlantic Ocean, Lake Worth, Florida, is a picturesque coastal city that seamlessly blends the tranquility of beach life with the energy of a vibrant community. Known for its charming neighborhoods, diverse culture, and a rich tapestry of activities, Lake Worth offers residents and visitors an unparalleled lifestyle experience.
For more information and to schedule a viewing, please contact David Joseph at 561-789-7726 or davidjoseph@keyes.com

Property Facts

Price $4,800,000
Price Per Room $150,000
Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 0.62 AC
Building Size 12,312 SF
No. Rooms 32
No. Stories 2
Year Built 1982
Parking Ratio 2.44/1,000 SF
Corridor Exterior

Amenities

  • Balcony
  • Pool
  • Restaurant
  • Patio
  • Fully-Equipped Kitchen

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 5 $85.00 -
Guest Room 27 $64.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
38-43-44-27-01-030-0090
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,267,164

zoning

Zoning Code PO/MF20, Lake Worth (Intent . The "MF-20 low-density multiple-family residential district" is intended to permit development of multiple-family structures.)
PO/MF20, Lake Worth (Intent . The "MF-20 low-density multiple-family residential district" is intended to permit development of multiple-family structures.)
  • Listing ID: 29392324

  • Date on Market: 8/29/2023

  • Last Updated:

  • Address: 901 S Federal Hwy, Lake Worth, FL 33460

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