1985 90th Avenue

Vero Beach, FL 32966

Listing ID: 143785
$4,500,000
For Sale
  • Lot Size Acres 3.450
  • Building Sq Ft 73,034
  • Land Sq Ft 150,282
  • Land Price per Sq Ft $29.94
1985 90th Avenue - main image
1985 90th Avenue - alt image 2
Description
Highlights

  • Wyndham Howard Johnson Brand

  • Located in Desirable Vero Beach at busy I-95

  • Florida's 7th richest counties

  • 69 Rooms/ADR $74.45



  • 72% occupancy rate last 12 months

  • Renovated in 2017

  • 73,034 SF located on 3.45 Acres


Description

Howard Johnson Inn by Wyndham Vero Beach, FL Investment for sale.


Located on 3.45 Acres in Vero Beach at visible I-95 exit. CG zoning. Renovated in 2017 per PIP/Howard Johnson standards. 2017- New interior renovations, new roof, new HVAC. All equipment owned, not leased.


15 year Franchise licensing agreement-2010 with 5 years remaining.


Royalty Fee- 6.5%


63 Guest rooms, 4 Manager Apartments, and 2 Storage rooms. 45 Double Queen rooms, and 18 King rooms.


All guest rooms provide conveniences like refrigerators and microwaves, plus free WiFi and TVs with satellite channels. Guests will also find coffee makers, free local calls, and hair dryers. 80 Parking spaces.


The hotel is 73,034 SF and guest room portion is 25,933 SF.


Average Daily Room rate- $74.45


Hotel Occupancy rate- 72%


Located in Vero Beach at I-95 exit, close to Vero Fashion Outlets (.9 miles) and Vista Plantation Golf Club (2.8 miles), surrounded by residential communities, retail, and businesses. This hotel is within the region of Holman Stadium at Dodgertown and Vero Beach Theatre.


Indian River County is a county located in the Treasure Coast region of the U.S. state of Florida. As of the 2017 census, the population was 154,383. Its seat is Vero Beach. It is Florida's 7th richest county and in 2000 was the 87th richest county in the U.S. by per capita income.


Indian River County comprises the Sebastian-Vero Beach, Florida Metropolitan Statistical Area, which is included in the Miami-Fort Lauderdale-Port St. Lucie, Florida Combined Statistical Area.


PLEASE DO NOT GO INTO HOTEL OR CONTACT EMPLOYEES OF HOTEL. CONTACT AGENT FOR SHOWING.


Location

Located in Vero Beach at I-95 exit, close to Vero Fashion Outlets and Vista Plantation Golf Club. This hotel is within the region of Holman Stadium at Dodgertown and Vero Beach Theatre.

Attachments & Files
Location & Directions
Demographics

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile Radius 3-Mile Radius 5-Mile Radius
Total Population2,2268,39623,265
Population Median Age615951
Population by Age0-9 Yrs503011602
10-19 Yrs1184962070
20-29 Yrs1476112268
30-39 Yrs274441872
40-49 Yrs773781776
50-59 Yrs3899142749
60-69 Yrs45116484086
70+ Yrs96636046843
Median HH Income$39,408$44,300$52,171
Total Household Income< 24K3148641800
25-49K32013552727
50-74K2687771766
75-99K443561126
100-199K764921567
200K+0107431
Highest Education LevelNo Diploma2116931493
Diploma or GED85724825778
Some College47417164056
Assoc. Degree1145641824
Bachelors Degree26611123296
Higher Degree736912099
Total Housing Units1,7295,71312,553
--Owner-Occupied9722,9667,304
--Renter-Occupied499852,113
Owner-Occupied Values< 100K90418522595
100-199K163701434
200-299K234271789
300-399K15176888
400-499K1399343
500K+042255
Total Working Age Population2,0767,78220,451
In Work Force5362,3228,816
Not In Work Force1,5405,46011,635
Workforce Employed5152,2258,331
Workforce Unemployed2197485
Civlian Workforce5362,3228,816
Military Workforce000
Total Households1,0223,9519,418
Family Households5472,1065,835
Non-Family Households4741,8453,583
Married Couple4801,9025,147
Other Family67204688
Married w/Child36180859
Single Male w/Child142971
Single Female w/Child033146

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Florida15,982,378+1818,801,310+1421,517,610+1324,340,457
Indian River County112,947+22138,028+14157,200+14179,407

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Agent
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Kari Grimaldi

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