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Hotel-Motel

Rodeway Inn Fort Pierce

2601 S US Hwy 1, Fort Pierce, FL 34982

Listing Price: $1,900,000

Cap Rate
6.28%
Number of Rooms
36
RevPAR
$23
Gross SF
1,554
Price/Room
$52,778
Price/Gross SF
$1,222.65
Year Built
1983

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 36-room Rodeway Inn located in Fort Pierce, Florida. The property is a one-story hotel located directly off of U.S. Highway 1, a major thoroughfare of Fort Pierce as well as Florida's east coast. Fort Pierce is a popular, oceanside tourist destination situated on Florida's Treasure Coast. The hotel benefits from being within close proximity to a variety of demand generators including: the New York Mets Spring Training Home Field, Treasure Coast International Airport, and Lawnwood Regional Medical Center, amongst others. The Rodeway Inn offers investors the opportunity to acquire an easily manageable hotel with minimal expected Property Improvement Plan (PIP) costs.

Investment Highlights

  • Easily Manageable Hotel with Sustaining Operating
  • Performance and Minimal Property Improvement
  • Plan (PIP) Costs Expected for a New Owner

Exclusively Listed By

Listing Price: $1,900,000

Cap Rate
6.28%
Number of Rooms
36
RevPAR
$23
Gross SF
1,554
Price/Room
$52,778
Price/Gross SF
$1,222.65
Year Built
1983

Investment Highlights

  • Easily Manageable Hotel with Sustaining Operating
  • Performance and Minimal Property Improvement
  • Plan (PIP) Costs Expected for a New Owner

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 36-room Rodeway Inn located in Fort Pierce, Florida. The property is a one-story hotel located directly off of U.S. Highway 1, a major thoroughfare of Fort Pierce as well as Florida's east coast. Fort Pierce is a popular, oceanside tourist destination situated on Florida's Treasure Coast. The hotel benefits from being within close proximity to a variety of demand generators including: the New York Mets Spring Training Home Field, Treasure Coast International Airport, and Lawnwood Regional Medical Center, amongst others. The Rodeway Inn offers investors the opportunity to acquire an easily manageable hotel with minimal expected Property Improvement Plan (PIP) costs.

Exclusively Listed By

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