Investment Overview

Marcus & Millichap, as exclusive listing agents, are pleased to present the Sunny Palms Inn, a 22-unit hospitality property located at 1700 S Federal Hwy in Lake Worth Beach, Florida. Constructed in 1990, this 7,986-square-foot establishment occupies a 0.54-acre lot and comprises 20 standard motel rooms, one studio suite, and one one-bedroom/one-bathroom suite. Currently operating as short-term rentals, the property offers a versatile investment opportunity in a thriving market. Sunny Palms Inn benefits from a prime location in Lake Worth Beach, offering convenient access to key economic and lifestyle drivers. The property is just 2.6 miles from the Lake Worth Tri-Rail Station, providing direct connectivity to major employment hubs. Nearby, JFK Medical Center, located 5 miles west, serves as a significant regional employer, while Palm Beach State College’s Lake Worth campus, approximately 4 miles away, attracts students and faculty. Downtown Lake Worth Beach, less than 2 miles north, offers a vibrant mix of retail, dining, and cultural attractions, while Lake Worth Beach Park, just 1.5 miles away, provides direct access to the Atlantic Ocean. Sunny Palms Inn presents a compelling investment opportunity, combining a strategic location with diverse accommodation options. The property's proximity to major transportation hubs, healthcare facilities, educational institutions, retail centers, and recreational areas enhances its appeal to a broad spectrum of short-term guests. Investors can capitalize on the robust demand for flexible lodging solutions in the Lake Worth Beach area, positioning the Sunny Palms Inn for sustained income generation and potential appreciation.