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Multifamily

Beachway Motel

115 S Oak St, Lantana, FL 33462

Listing Price: $1,500,000

Cap Rate
9.80%
Number of Units
7
GRM
3.73
Occupancy
85.0%
Price/Unit
$214,286
Price/Gross SF
$428.57
Gross SF
3,500

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present to market the The Beachway Motel, a 10-unit, two-story, garden-style apartment building built in 1966 with concrete block construction. Each unit features a full kitchen or kitchenette and mini-split AC units. The property has 10 parking spaces, including one covered spot. The unit mix consists of (5) Studios and (5) one-bedroom / one-bathroom units.

Investment Highlights

  • Fully Remodeled Motel
  • Located Just West of the Intracoastal Waterway in the Heart of City of Lantana
  • Less Than a Mile Walk to Lantana Municipal Beach

Exclusively Listed By

Financing By

Multifamily

Beachway Motel

Listing Price: $1,500,000

Cap Rate
9.80%
Number of Units
7
GRM
3.73
Occupancy
85.0%
Price/Unit
$214,286
Price/Gross SF
$428.57
Gross SF
3,500

Investment Highlights

  • Fully Remodeled Motel
  • Located Just West of the Intracoastal Waterway in the Heart of City of Lantana
  • Less Than a Mile Walk to Lantana Municipal Beach

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present to market the The Beachway Motel, a 10-unit, two-story, garden-style apartment building built in 1966 with concrete block construction. Each unit features a full kitchen or kitchenette and mini-split AC units. The property has 10 parking spaces, including one covered spot. The unit mix consists of (5) Studios and (5) one-bedroom / one-bathroom units.

Exclusively Listed By

Financing By

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