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1505 Belvedere Rd
West Palm Beach, FL 33406 West Palm Beach

Price Upon Request

Hotel For Sale  •  53,544 SF

Property Details

  • Property Type Hotel
  • Total Building Size 53,544 SF
  • Lot Size 3.06 AC
  • Building Class B
  • Year Built 1986
  • Tenancy Single
  • Zoning GC
30 Transit Score
44 Walk Score

Highlights

Situated near Palm Beach International Airport and major transportation routes.
Property benefits from steady demand from business and leisure travelers.
The Property is experiencing tremendous revenue growth (47% year over year) which is expected to continue.
The surrounding area’s numerous multifamily developments and increasing amenities drive local economic expansion and enhance lodging demand.
Opportunities to improve occupancy rates, align with market performance benchmarks, and optimize revenue management strategies.
IHOP does not utilize the full space and is well below market, creating huge upside to re-lease the space.

Amenities

  • Pool
  • High Speed Internet Access
  • Public Access Wifi
  • Smoke-Free

Public Transportation

Commuter RailDriveWalkDistance
West Palm Beach (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 6 min - 2.2 mi
7 min - 3.0 mi
AirportDriveWalkDistance
Palm Beach International 7 min - 2.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 120
Type: Surface
Included in Rent: Yes
Bastian Schauer 561-281-6656 Colliers
Bastian Schauer 561-281-6656 Colliers