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M Lake Worth Beach 401 6th Ave N 10 Room Hotel Lake Worth Beach, FL 33460 $3,932,417 CAD ($393,242 CAD/Room) 8.14% Cap Rate
INVESTMENT HIGHLIGHTS
- Two Years of Successful Operations
- Turn Key
- Great upside by furthering marketing and increasing occupancy
- Great Walkability and Short distance to the Golf Course, Beaches, and restaurants
- Summer Kitchen and outdoor lounge for guests enjoyment
EXECUTIVE SUMMARY
One Commercial Real Estate is pleased to present M Lake Worth Beach, a fully renovated, ten-unit boutique short-term rental property offering a unique and stylish retreat just one mile from the pristine shores of Lake Worth Beach, Florida. M Lake Worth Beach has two years of solid performance history.
The property has been thoughtfully designed with a blend of retro charm and modern upgrades, capturing the nostalgic vibes of mid-century design while providing guests with all the contemporary comforts they expect. Each of the ten units; a mix of studios, one bedroom, two bedroom apartments that has been meticulously renovated with brand new flooring, cabinetry, appliances, fixtures, and furniture, creating a fresh and inviting atmosphere. The design incorporates warm wood tones, neutral palettes, and modern touches that deliver a welcoming, vibrant space for both short-term visitors and longer stays.
Guests will enjoy a curated and comfortable experience, with memory foam beds, fully equipped kitchens or kitchenettes, blackout shades, and chic furnishings throughout. In addition, the property features an expansive outdoor amenity space, including a custom-built BBQ area, outdoor dining and lounge seating, and a serene environment enhanced by ambient lighting and lush landscaping , perfect for gatherings or moments of relaxationIdeally located within walking distance to downtown Lake Worth Beach’s vibrant dining, arts, and shopping scene, and just minutes from Palm Beach International Airport, Brightline, Tri-Rail, and West Palm Beach, M Lake Worth Beach attracts both leisure and business travelers looking for a unique and well-connected destination. This boutique property’s prime location, along with its distinctive design and high guest satisfaction, ensures consistent demand and strong rental performance.
Offered as a fully operational and turnkey short-term rental asset, M Lake Worth Beach presents a compelling investment opportunity. With proven income, favorable zoning, and a modern aesthetic that sets it apart from other properties in the area, this building provides investors with a chance to capitalize on the growing demand for unique, high-quality hospitality experiences in South Florida.
The property has been thoughtfully designed with a blend of retro charm and modern upgrades, capturing the nostalgic vibes of mid-century design while providing guests with all the contemporary comforts they expect. Each of the ten units; a mix of studios, one bedroom, two bedroom apartments that has been meticulously renovated with brand new flooring, cabinetry, appliances, fixtures, and furniture, creating a fresh and inviting atmosphere. The design incorporates warm wood tones, neutral palettes, and modern touches that deliver a welcoming, vibrant space for both short-term visitors and longer stays.
Guests will enjoy a curated and comfortable experience, with memory foam beds, fully equipped kitchens or kitchenettes, blackout shades, and chic furnishings throughout. In addition, the property features an expansive outdoor amenity space, including a custom-built BBQ area, outdoor dining and lounge seating, and a serene environment enhanced by ambient lighting and lush landscaping , perfect for gatherings or moments of relaxationIdeally located within walking distance to downtown Lake Worth Beach’s vibrant dining, arts, and shopping scene, and just minutes from Palm Beach International Airport, Brightline, Tri-Rail, and West Palm Beach, M Lake Worth Beach attracts both leisure and business travelers looking for a unique and well-connected destination. This boutique property’s prime location, along with its distinctive design and high guest satisfaction, ensures consistent demand and strong rental performance.
Offered as a fully operational and turnkey short-term rental asset, M Lake Worth Beach presents a compelling investment opportunity. With proven income, favorable zoning, and a modern aesthetic that sets it apart from other properties in the area, this building provides investors with a chance to capitalize on the growing demand for unique, high-quality hospitality experiences in South Florida.
PROPERTY FACTS
| Price | $3,932,417 CAD | Lot Size | 0.30 AC |
| Price Per Room | $393,242 CAD | Building Size | 5,144 SF |
| Sale Type | Investment | No. Rooms | 10 |
| Cap Rate | 8.14% | No. Stories | 1 |
| Property Type | Hospitality | Year Built/Renovated | 1953/2023 |
| Property Subtype | Hotel | Parking Ratio | 0.6/1,000 SF |
| Building Class | B | Corridor | Exterior |
| Zoning | MIXED USE FEDERAL HWY - 3900—MOTEL Zoning MU-FH—MIXED USE FEDERAL HWY | ||
| Price | $3,932,417 CAD |
| Price Per Room | $393,242 CAD |
| Sale Type | Investment |
| Cap Rate | 8.14% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.30 AC |
| Building Size | 5,144 SF |
| No. Rooms | 10 |
| No. Stories | 1 |
| Year Built/Renovated | 1953/2023 |
| Parking Ratio | 0.6/1,000 SF |
| Corridor | Exterior |
| Zoning | MIXED USE FEDERAL HWY - 3900—MOTEL Zoning MU-FH—MIXED USE FEDERAL HWY |
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 10 | $321.99 CAD | - |
1 1
Walk Score®
Very Walkable (78)
Bike Score®
Very Bikeable (83)
PROPERTY TAXES
| Parcel Number | 38-43-44-21-15-158-0090 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,160,996 CAD |
PROPERTY TAXES
Parcel Number
38-43-44-21-15-158-0090
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,160,996 CAD
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M Lake Worth Beach | 401 6th Ave N
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