411 South Krome Avenue, Homestead, FL
Motel for Sale - $10,500,000 - 48,120 Sq. Ft. on 3.49 acres
Property Info
CIMLS# | 952393 |
Location 411 South Krome Avenue Homestead FL 33034 | |
Updated | December 5th, 2017 |
Type | Motel |
Price | $10,500,000 |
Building | 48,120 Sq. Ft. |
Land | 3.49 acres |
Property Description
Welcome to Best Western Gateway to the Florida Keys! 114 spacious rooms built on 3.49 acres, the property features complimentary hot breakfast served daily, free wireless internet access, outdoor pool, guests can truly relax at the only hotel in the area with a hot tub and Tiki hut, free parking and a convenient location that places you within minutes of all that South Florida has to offer.
This Best Western has increased its revenues within the past three years and will continue to grow, thanks to all of the hotel demand in the area and a helpful and friendly staff. Being just off of US-1 and the Florida Turnpike you have an excellent traffic count. All visitors must pass this Best Western location on the way to the Florida Keys.
Location Description:
Gateway to the Florida Keys located between the Everglades, Key West, and Miami. Explore South Florida without changing hotels. Whether it is for a business trip to the Miami area or a Florida Keys vacation! Catch an exciting auto race at Homestead-Miami Speedway or relax with a round of golf at Keys Gate Golf Club. Head into the Everglades National Park for hiking, canoeing or kayaking, spend the day fishing in Florida Bay, or try out sailing and scuba diving just a few minutes away in Biscayne National Park and John Pennekamp Stone Park .Go shopping at the Florida Keys Outlet Center or the Falls shopping Mall among many other locations, all of these high demand destinations are easily accessible from the Hotel.
Highlights:
>> Occupancy: 80%
>> Adj. Area: 48,120 Sq Ft
>> Built in 1994
>> ADR: 87.10
>> Cap Rate: 8.83
>> Lot 3.49 AC
>> Rooms: 114
>> Pool
>> Hot Tub
>> Outdoor Parking
>> 100% Smoke Free
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