Multifamily
Barefoot Mailman Motel Portfolio
138 S Dixie Hwy, Lantana, FL 33462
Listing Price: $7,250,000
Investment Overview
Marcus & Millichap, as the exclusive listing agent, is pleased to present to market the Barefoot Mailman Motel, which is a 22 room motel located at 138 S Dixie Highway in Lantana, Florida.
138 S Dixie Highway is a 22-room, one-story motel built in 1952 with concrete block construction, a flat roof, and mini-split AC units throughout. Each unit is equipped with either a full kitchen or a kitchenette and has hurricane impact windows. The motel rooms have had an average nightly rate of $115. The unit mix consists of (18) Efficiencies, (2) Studios, and (2) one-bedroom / one-bathroom units.
This motel offers investors the opportunity to acquire a fully renovated motel situated less than a mile from the beach and intracoastal in a market with an extremely high barrier to entry for competition.
Barefoot Mailman Motel Portfolio
Investment Highlights
- Fully Remodeled Motel Portfolio Consisting of 3 Properties Totaling 37 Units
- Located Just West of the Intracoastal Waterway in the Heart of City of Lantana
- Walking Distance to Local Retail and Restaurants, Including the Historic Old Key Lime House
- Appealing Unit Mix Consisting of Efficiencies, Studios and 1- and 2- Bedroom Units
- Each Unit Has Either Central Air Conditioning or Mini-Split Systems
- Less Than a Mile Walk to Lantana Municipal Beach
- Revenue has Increased by Over $100,000 Each of the Last Three Years
Listing Price: $7,250,000
Investment Highlights
- Fully Remodeled Motel Portfolio Consisting of 3 Properties Totaling 37 Units
- Located Just West of the Intracoastal Waterway in the Heart of City of Lantana
- Walking Distance to Local Retail and Restaurants, Including the Historic Old Key Lime House
- Appealing Unit Mix Consisting of Efficiencies, Studios and 1- and 2- Bedroom Units
- Each Unit Has Either Central Air Conditioning or Mini-Split Systems
- Less Than a Mile Walk to Lantana Municipal Beach
- Revenue has Increased by Over $100,000 Each of the Last Three Years
Investment Overview
Marcus & Millichap, as the exclusive listing agent, is pleased to present to market the Barefoot Mailman Motel, which is a 22 room motel located at 138 S Dixie Highway in Lantana, Florida. 138 S Dixie Highway is a 22-room, one-story motel built in 1952 with concrete block construction, a flat roof, and mini-split AC units throughout. Each unit is equipped with either a full kitchen or a kitchenette and has hurricane impact windows. The motel rooms have had an average nightly rate of $115. The unit mix consists of (18) Efficiencies, (2) Studios, and (2) one-bedroom / one-bathroom units. This motel offers investors the opportunity to acquire a fully renovated motel situated less than a mile from the beach and intracoastal in a market with an extremely high barrier to entry for competition.
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