220,000 SF Apartment For Sale — $6,160,000 — 911 N Federal Hwy, Lake Worth – #81855

Executive Summary
Kislak is pleased to present The Capri Motel & Apartments, a 28-room hospitality investment opportunity located at 901, 905 & 911 North Federal Highway in Lake Worth Beach, Florida. The property comprises three two-story buildings situated across three contiguous parcels totaling approximately 0.63 acres, offering a unique combination of hospitality and extended-stay accommodations in a highly desirable coastal Palm Beach County location. The property currently operates under a hybrid hospitality model. The 11 units located at 901 and 905 North Federal Highway are professionally managed as short-term rentals through Airbnb, while ownership self-manages the 17 units at 911 North Federal Highway as longer-term stay accommodations. This existing operating structure provides an incoming investor with flexibility to continue the current model or reposition the property toward a broader short-term rental and hospitality strategy. The property's unit mix consists of six efficiencies, six one-bedroom units and 16 suites, with full kitchens in 22 of the 28 rooms.
The Capri offers expansive, resort-style grounds that distinguish the property from a traditional multifamily or limited-service lodging asset. The landscaped property features a resurfaced outdoor swimming pool, outdoor lounge and gathering areas, a poolside bar, rooftop deck and multiple patio and courtyard spaces, creating an inviting environment for both short- and longer-term guests. The property also features renovated accommodations, dedicated off-street parking and additional free street parking.
Prominently positioned along North Federal Highway, Capri is near Downtown Lake Worth Beach, the Intracoastal Waterway and Atlantic Ocean, with convenient access to Lake and Lucerne Avenues, Bryant Park, Lake Worth Beach Golf Club and the Lake Worth Casino and Beach Complex. The property is approximately 6.8 miles from Palm Beach International Airport and 7.6 miles from Downtown West Palm Beach. With its three-parcel assemblage, expansive grounds, pool and outdoor amenities, flexible unit configurations and established hybrid operating model, The Capri presents a distinctive opportunity to acquire a hospitality asset positioned to benefit from the continued growth and revitalization of West Palm and Lake Worth Beach.

Allowed by right

Community Residences, Type I (6 or less residents)—Former Group Home, Dwelling, Single Family, Dwelling, Two-Family, Dwelling, Multifamily, Administrative/Professional Services (non-medical) (low intensity), Gyms/Studios, Fitness or Dance (low intensity), Holistic Health Care Facility (low intensity), Personal Grooming Services & Day Spa (low intensity), Pet Grooming (low intensity), Repair and Maintenance Services —Specialty (low intensity), Pocket Parks (low intensity), Recreation Park (Passive) - Less than Two (2) Acres (low intensity), Essential Services (low intensity)

With special approval

Community Residences, Type III - C (conditional use permit, board-level review), Retirement Homes/Facilities - C (conditional use permit, board-level review), Townhouses - C (conditional use permit, board-level review), Specialty Retail (medium intensity) - C (conditional use permit, board-level review), Financial Institution w/o Drive Through (high intensity) - C (conditional use permit, board-level review), Lodging Facility (high intensity) - C (conditional use permit, board-level review), Bed and Breakfast Inns (medium intensity) - C (conditional use permit, board-level review), Indoor Commercial Recreation (Reference Ordinance Chapter 14) (medium intensity) - A (administrative use permit, staff-level review), Administrative/Professional Services: (non-medical) (high intensity) - C (conditional use permit, board-level review), Out Patient Clinics/Medical Office (high intensity) - C (conditional use permit, board-level review), Administrative/Professional Services: (non-medical) (medium intensity) - A (administrative use permit, staff-level review), Out Patient Clinics/Medical Office (medium intensity) - C (conditional use permit, board-level review), Gyms/Studio, Fitness or Dance (medium intensity) - A (administrative use permit, staff-level review), Holistic Health Care Facility (medium intensity) - A (administrative use permit, staff-level review), Personal Grooming Services & Day Spa (medium intensity) - A (administrative use permit, staff-level review), Educational or Tutoring Business (excluding trade schools), indoor only and including music and supplementary academic programs (low intensity) - A (administrative use permit, staff-level review), Parking Facilities (medium intensity) - C (conditional use permit, board-level review), Transitional or Temporary Parking Facilities (medium intensity) - C (conditional use permit, board-level review), Colleges and Universities (high intensity) - C (conditional use permit, board-level review), Day Care Center (high intensity) - C (conditional use permit, board-level review), Day Care Center Accessory to Place of Worship (high intensity) - C (conditional use permit, board-level review), Nursing homes/assisted living facilities (high intensity) - C (conditional use permit, board-level review), Places of Worship (high intensity) - C (conditional use permit, board-level review), Schools, elementary (high intensity) - C (conditional use permit, board-level review), Schools, intermediate and secondary (high intensity) - C (conditional use permit, board-level review), Colleges and Universities (medium intensity) - A (administrative use permit, staff-level review), Day Care Center (medium intensity) - A (administrative use permit, staff-level review), Nursing Homes/Assisted Living Facilities (medium intensity) - A (administrative use permit, staff-level review), Places of Worship (medium intensity) - A (administrative use permit, staff-level review), Artisan or Art Studio (medium intensity) - A (administrative use permit, staff-level review), Light Utility Facility Services - C (conditional use permit, board-level review), Recreation Public (Outdoor) w/o Team Sports Facilities - C (conditional use permit, board-level review), Recreation Park (Passive) - More than Two (2) Acres - C (conditional use permit, board-level review), Flea Market (high intensity) - C (conditional use permit, board-level review), Wireless Communication Facilities (high intensity) - C (conditional use permit, board-level review), Cemetery/Mausoleum (Public/Private) (medium intensity) - C (conditional use permit, board-level review)