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Econo Lodge Vero Beach - Downtown
950 US-1, Vero Beach, FL 32960
Available Now
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FOR SALEHospitality / Hotel + Motel
Cap Rate
7.68%
NOI
$364,956
Building Size
29,516SF
Lot Size
2.16Ac
Year Built
1993
Zoning
CG
Listing Contacts
More property details
APN
33391200015000000005.3
Tenancy
Single Tenant
Currently Leased
No
Investment
Owner User
No of Stories
2
Features & amenities
Site Amenities
Property Manager on Site
Location
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Econo Lodge Vero Beach - Downtown
Location highlights
- Excellent owner-operator acquisition opportunity.
- Ideal first-time hotel buyer opportunity.
- Spacious & renovated 2-bedroom Manager’s Suite on-site.
- Opportunity to increase RevPAR to competitive set standards and exceed performance of competition through strong, hands-on management and increased marketing.
- Very well-maintained building that is continuously updated by current ownership, leaving very minimal change of ownership PIP expected for a buyer.
- Despite recent slowdown throughout most Florida markets, the hotel boasts proven financials and presents a going-in 7.7% CAP Rate based on 2025 NOI.