6,187 SF Hotel For Sale — $2,100,000 — 1528 S Federal Hwy, Lake Worth – #82136

Executive Summary
Marcus & Millichap is pleased to present Caribbean Villas Motel, a 17-unit hospitality asset located at 1528 S Federal Highway in Lake Worth Beach, Florida. The property totals 6,187 gross square feet and is situated on a 0.39-acre lot, offering a boutique layout with significant operational flexibility and repositioning potential. The motel features a barrel tile roof, wall-unit air conditioning, an on-site swimming pool, dedicated laundry room, and an on-site office to support day-to-day operations. Additionally, the property includes an elevated sun deck area that could be transformed into a resident lounge, entertainment area, or additional amenity space, enhancing guest experience and increasing competitive positioning. Ownership has completed substantial renovations to 12 of the 17 units, with remodeling efforts nearing completion. Improvements have modernized a significant portion of the property, creating the opportunity for a future owner to continue repositioning efforts, optimize operations, and potentially increase revenue.
Caribbean Villas Motel benefits from a strategic location along South Federal Highway, providing convenient access to both Downtown Lake Worth Beach and Downtown Lantana, two active coastal corridors with growing dining, retail, and entertainment offerings. The property is also minutes from Lake Worth Beach and the Intracoastal Waterway, while nearby employment drivers include JFK Medical Center, Palm Beach County municipal offices, and surrounding service and hospitality industries.
With continued investment throughout coastal Palm Beach County and strong demand for affordable lodging and extended-stay accommodations, Caribbean Villas Motel presents an opportunity to acquire a partially renovated boutique hospitality asset with operational upside in a highly accessible location.

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)